Politics Fact Check: Did Representative Maxine Waters Ask About Refunds For Money Lost on Stocks?
Fact Check: Did Mercedes Schlapp, the CPAC Chair's Wife, Tweet a Video With a Racial Slur?
After it was revealed that former President Donald Trump will speak at the Conservative Political Action Conference (CPAC), controversy has surfaced surrounding something the wife of the chair of the American Conservative Union retweeted last June.The announcement has caused the Twitter activities of Mercedes Schlapp from last summer to surface. Schlapp is the wife of Matt Schlapp, who is the chair of the American Conservative Union.
The House Committee on Financial Services held a hearing on February 18 about the events surrounding the GameStop trading frenzy that took place in late January. The hearing was led by Representative Maxine Waters (D-Calif.), chair of the Financial Services Committee.
Vlad Tenev, CEO of investing app Robinhood, testified before the committee on the company's decision to restrict trading of GameStop's stock. Kenneth C. Griffin, CEO of Citadel LLC, and Gabriel Plotkin, CEO of Melvin Capital Management LP, also testified, as did Steve Huffman, CEO of social media platform, and Keith Gill, a retail investor who gained national attention for his successful investments in GameStop.
Trump lawyers dismiss context of Jan. 6 insurrection to claim Trump's innocence
Lawyers for former President Trump put forward a narrow defense of his actions on Jan. 6, ignoring the broader context that formed the majority of the case against him. Much of the three hours Trump’s lawyers spent before the Senate on Friday was taken up with lengthy and repetitive videos set to cartoonish music which simply showed Democratic politicians saying the word “fight” over and over. It was a heavy-handed way of arguing that when Trump used the word “fight” numerous times on Jan. 6, it did not mean anything malicious or nefarious.
BREAKING: Maxine Waters asks “why aren’t customers entitled to a refund when they lose money on stocks?”— litquidity (@litcapital) February 18, 2021
On the day of the hearing, auser from Litquidity Capital claimed that Waters asked, "Why aren't customers entitled to a refund when they lose money on stocks?" Jr. and conservative author and commentator Dinesh D'Souza followed with quote-tweets.
For the same reason that they are not required to give the profits back when they make money on stocks https://t.co/byGXUoj5Jn— Dinesh D'Souza (@DineshDSouza) February 21, 2021
Trump Jr. also released a video on Rumble criticizing Waters for her "fundamental non-understanding of how the stock market works."
Fact check: Breaking down Joe Biden's first month of claims
President Joe Biden was more consistently factual in his first month in office than his predecessor ever was in office. But Biden was not perfect.President Joe Biden was more consistently factual in his first month in office than his predecessor ever was in office. But Biden was not perfect himself.
Guys I’m trending #2 on @rumblevideo with my take on Moron Maxine & her concept of reparations for stock market losses. It’s truly hard to imagine she sits on a finance committee making trillion $ decisions!
Let go to #1 give this video a rumble & a like! https://t.co/kVHedi8l2J— Donald Trump Jr. (@DonaldJTrumpJr) February 21, 2021
During the hearing, which lasted more than five hours, Waters' questions were directed at Tenev and Griffin, and included topics such as Robinhood's liquidity, a previous dispute between Robinhood and the Securities and Exchange Commission, and the significance of Citadel's role in the market.
At no point did Waters inquire about the possibility of refunds for money lost in the stock market. In Waters opening statement, she said the focus of the hearing would be to determine how the witnesses contributed to "the market volatility surrounding GameStop and other stocks." She said, "Many Americans feel that the [trading] system is stacked against them and, no matter what, Wall Street always wins."
Joe Biden's CNN Town Hall Transcript in Full—President on Trump, Vaccines and More
President Biden spoke about everything from the end of the pandemic to being "tired of talking about Donald Trump," while answering questions from members of the audience.Biden discussed a range of topics, from when every American will be able to receive the COVID-19 vaccine and the end of the pandemic, to being "tired of talking about Donald Trump" while answering questions from Cooper and members of the audience.
In describing the role of the committee and the purpose of the hearing, Waters said, "Our role as a financial services committee is to ensure fairness in our financial markets and system, robust protections for investors, and accountability of Wall Street."
on January 28 that Waters intended to hold a hearing on the events surrounding GameStop's volatile stock price. In the weeks since, Waters has spoken often about the hearing. On February 5, she told financial news site Cheddar that the hearing would be "a learning experience." She told CNBC on February 17, the day before the hearing, that she would not enter the hearing with "any preconceived notions."
CNN reported on February 18 that Waters plans to hold a total of three hearings, not just on GameStop trading but the influence or hedge funds on the market and the threat to retail investors.
Waters did not ask why customers can't obtain refunds for money lost while trading stocks.
Fact check: No evidence that Louis Vuitton sponsored racist human zoos .
A viral claim asserts that Louis Vuitton sponsored human zoos in the 19th and 20th centuries. Louis Vuitton says the claim is false.The post describes human zoos that displayed Black people as “exotic creatures” in New York, St. Louis, Australia and other countries at the turn of the century.