so short investment banks hoping they'll go bankruppt?
puts, calls, shorts, floats.
i understsnd quantum physics more than this shit.
My understanding, and I am kind of with you on this subject, is that the hedge funds kind of have a backup insurance type thing going with the banks. If the hedge funds can't pay back their shorts then the backer bank will have to cover. The Wall Street Bets guys are trying to take more than just the hedge fund guys down. They want the banks to collapse too. They ultimately want to crash the federal reserve. Again, I don't know much on this topic. That is just what I gathered.
See and I thought it was just screwing over one investment firm.
But if all these banks are covering the loans it could be a big deal.
I just don't think the couple billion is really that much compared to the trillions in the total stock market.
I guess that's where the infinite stock comes in. Since they've signed up to sell 3x more stock than there is there is no max price.
Just think the independent investor greed will come in and people will start selling.
I saw earlier that Biden* is also trying to push a $1.2 trillion covid relief to banks.
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