/biz/ - Business & Finance

State of affairs general update:

DOJ is probing UBS and Credit Suisse 3 days after UBS offers to buy Debit Sussies.
DTCC is attempting to force UBS to re-neg on it's purchase of Debit Sussie being a 7% shareholder of UBS.
Debit Sussies inherited a steaming pile of leveraged derivative^2 from Archegos capital regarding GME.

If UBS manages to get out, the Bank of International Settlements (the central bank of central banks) picks up the bill through the interconnected network of derivatives that are forced to settle in default.

Here is a short list of some of the bullet-swap counterparties that cannot exit or unwind:
>Hudson bay capital (BBBY)
Barclays
BNP Paribas
>Merrill Lynch
National Financial Services
State Street
>UBS
>Goldman Sachs
Paloma
>BOFA
>Citi Group
>Deutsche Bank AG
>JP Morgan (Fed Reserve)
>Credit Suisse (Biggest swap party)
>JP Morgan Chase Bank
SG Amercias Securities
>Bank Of New York Mellon
Bank Of Nova Scotia
SS&C Technologies Inc
Samlyn
Fidelity Prime Services
>Morgan Stanley
Northern Trust
>Morgan Stanley Fund Services (Cayman)

>Implying banks with CDSs already mooning and/or crashing in market price
>Implying the Caymans are also not safe from GME

If the GME theory is right, they have to theoretically facilitate infinite fiat redemptions amongst every short-hedge party to GME longs and holders due to a logic error in the stock market. This kills the Central Bank of Central Banks and quadrillions of derivative bets comes tumbling down, tumbling down, tumbling down.
This kills every fiat Central Bank in the world and GME saves the world from fiat.

Sceptics benefit from this as well, one thing to consider is that the Canadian Central Bank holds no gold and no tangible assets aside from maple syrup.

>>54305744
Even dinosaurs weren't too big to fail, anon. Think about it.