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/biz/ - Business & Finance

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27199683 No.27199683 [Reply] [Original]

Can this short cannot be covered? No amount of money can this position from what I can tell.
>Melvin goes bankrupt
>Brokers on the line for the loss
>Brokers don't have the funds, go bankrupt
>Clearing house on the line
>Clearing house doesn't have the funds, go bankrupt
>Traders don't receive profits from their positions, not just GME. Complete market failure.

>> No.27199786

>>27199683
Is it too much to ask for societal collaspe
I feel like I’m not asking for a lot here

>> No.27199841

>>27199683
nice birdie

>>27199786
be careful what you wish for

>> No.27199941

>>27199683
The amount of shares redditors hold isn't enough to force this. Other big players would drive down the price by selling before letting the entire economy collapse around them.

>> No.27200070

>>27199941
The literally need 140% of the share to close. Reddit holds more then -40% of the shares.

>> No.27200273

>>27200070
reddit does not own 40% of gamestop lad...

>> No.27200352

>>27200273
negative 40%

>> No.27200697
File: 54 KB, 748x556, DTC turbojews.png [View same] [iqdb] [saucenao] [google]
27200697

>>27199683
>Clearing house doesn't have the funds, go bankrupt
The real redpill is this:
Clearing houses all lead back to the Depository Trust & Clearing Corporation (DTCC)

The DTCC owns the Depository Trust Company (DTC), which basically handles the bookkeeping of the market while keeping custody of the actual assets by registering ownership of them under their subsidiary: Cede & Company.

Cede & Co. technically owns substantially all of the publicly issued stock in the United States. Thus, investors do not themselves hold direct property rights in stock, but rather have contractual rights that are part of a chain of contractual rights involving Cede...

Then you get to the real deal which is the SEC gives the DTC (a private company) full authority to restrict trading activity, sometime INDEFINITELY, on any securities that they own (which they own EVERYTHING).

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html