Ryan Cohen was the perfect figurehead at this exact time when the meme stock craze just started taking off. He also encapsulated what this group of people on Reddit, Apes, whatever you want to call them, believed it. But there's a technicality here and maybe somebody who might have an ulterior motive as well.
The pressure on commercial real estate borrowers is amping up, but so is insider buying at the regional banks lending them money.
(00:15) Bill Mann and Dylan Lewis discuss:
- How rising rates and low occupancy rates continue to put pressure on interest-only commercial real estate borrowers.
- The follow-on effects that could hit regional banks.
- Why insiders at regional banks are buying up shares despite the pessimism.
(13:27) Ricky Mulvey talks with CNBC host Melissa Lee to talk about the new documentary "Making of the Meme King" and why founding a company is much different than turning one around.
Companies discussed: LOB, CHWY, GME, BBBY, BABA
Host: Dylan Lewis Guests: Bill Mann, Ricky Mulvey, Melissa Lee Producer: Ricky Mulvey Engineers: Rick Engdahl, Dan Boyd
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