The Lost Ledger

1982 Made This Legal. GameStop Just Used It for $2B

2 min · 5 de jun de 2026
Portada del episodio 1982 Made This Legal. GameStop Just Used It for $2B

Descripción

GameStop built its reputation as the meme stock. Now it's using one of Wall Street's oldest tools. Q1 2026: $835M net sales (+14%), the highest quarterly profit in the company's history, and a $2 billion share repurchase authorization valid through June 2029. The story behind this goes back to November 17, 1982 — the day the SEC adopted Rule 10b-18, creating a legal safe harbor for corporate buybacks for the first time. Smart strategy or Wall Street's old playbook? Drop your take in the comments. Educational content only — not financial advice.

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Portada del episodio 1907 Explains Why Banks Fear Stablecoins

1907 Explains Why Banks Fear Stablecoins

In May 2026, JPMorgan CEO Jamie Dimon escalated the stablecoin debate in a Fox Business interview reported by CoinDesk. His warning about the CLARITY Act: the bill could allow stablecoin companies to effectively pay interest on what functions like a deposit — without the consumer protections and regulations that banks must follow. His position: "The banks will not accept it that way."Coinbase CEO Brian Armstrong responded that traditional banks are lobbying to block stablecoin reward programs that compete with their own deposit business.The CLARITY Act is still in Senate committee. The fight is unresolved.This short documentary connects the 2026 stablecoin debate to the Panic of 1907, when trust companies operated in a bank-like role before stronger financial rules existed. The Knickerbocker Trust Company collapse showed how fast confidence can break — and how quickly panic follows.Educational content only. Not financial advice.

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