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/biz/ - Business & Finance

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27154895 No.27154895 [Reply] [Original]

So saw this:
>https://www.youtube.com/watch?v=4RS4JIEVyXM
Basically, GME has hundreds of billions of brokerage's cash tied up. The brokerages are now illiquid through Tuesday.

My question is this:
>What happens when we all pull out our cash on hand plus some margin loan Monday morning?
>Would the brokerages go tits up?
>How would this effect their margin requirements and other things I'm too dumb to understand.

>> No.27155214

>>27154895
So say 10 million people pull out 10k each and hold it out of the market through the short squeeze that is going to happen over this coming week? Thats 100 billion plus the brokerages no longer have to slosh around.

>> No.27156347

This is FUD spread by insiders. The short squeeze hasn’t even fully happened yet

>> No.27156453

>>27156347
I know. So really they're going to have these billions tied up through at least Friday. So what happens if they also have to start doling out cash to the peasants taking their money and going home?

>> No.27156913
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27156913

>>27156347
THIS
Monday will be great.
President's day will see $100k Bitcoin as everyone puts their earnings into crypto.