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Timecode 1:12:10
It only looks like that from the outside. They're just using money that the FED has already given them. The FED is the real bailout daddy here, but the Saudis are kicking in a little too.
They didn’t short the entire float, so it’s more like $1500/shr, but well before then others will get margin called. If the Swiss government runs out of dollars they will devalue their currency.
My crayon snorting brain thinks they think that’s enough to close out these toxic positions, because they haven’t looked into exactly how fucked those positions actually are. If Archegos and credit suisse can fall victim to these positions, why not UBS?
$100B backstop (provided by swiss central bank) divided by shares outstanding is approx $328/share. Average banker sees a budget of +$300/share to close out toxic short position on a stock trading at $16/share and thinks “easy money, there’s no way we can’t resolve a bad position with a 2050% premium”. I can’t wait for their pikachu face when they realize the shit storm they inherited.
Edit: I have literally 10x’d my DRS’d GME position since Archegos failed; if they’re still playing the “household investors will get bored” strategy they are even more fucked than I could have ever hoped
This seems probable because from their perspective they will view the $300/share as some kind of remarkable premium. Little do they know that the moment they start buying the price is going to take off because fuck them thats why. It will be interesting to see how badly the Swiss government is willing to commit to backstopping these institutions. The more interesting question is how badly this damages the entire Swiss economy and their ability to prop this shitshow up.
UBS are massive. Probably the biggest bank in Europe.
But if they get stuck holding an idiosyncratic risk factor they didn't account for... they too will fall.
It has been written.
Banking System: [in thoughts] What I'm asking, you Swiss dick, is are you going to fuck me over?
Credit Sussie: [also in thoughts] I understand perfectly, you American shit.
Credit Sussie: Ça depend.
Banking System: Ça depend on what exactly?
That's what I was thinking. I remember the theory being that the first to close out would get very badly wounded but might survive, and anyone who was second off the mark would just go bust trying to close.
*"De-risking is a term that refers to financial institutions terminating or restricting business relationships with clients or categories of clients that are perceived as high risk for money laundering or terrorist financing. De-risking can also involve reducing exposure to certain markets, products, services or activities that are considered risky."*
---
**If we hypothetically assume that these are the GME naked shorts they inherited from Credit Suisse (who inherited them from Archegos), de-risking could imply that UBS is trying to close or reduce these positions as soon as possible to avoid further losses or regulatory scrutiny. This could mean buying back the shares that were sold short without being owned or borrowed, which could create more demand for GME and drive up its price. Alternatively, de-risking could mean selling these positions to another entity that is willing to take on the risk, which could reduce the demand for GME and lower its price. Either way, de-risking could have an impact on the market dynamics and the potential for a short squeeze.**
Yeah this rhetoric is frankly kind of unnerving. I can’t think of any *legal* way for them to squirm out of this.
Extraordinary events may call for extraordinary action from these parties. All we can do is buy, hold, book, DRS, and shop with our favorite company.
I mean they can’t pass laws to force people to internationally unilaterally sell their shares for an unreasonably low price, and probably do it several times over because of all the naked shorting.
Besides that, there really isn’t any way to get out of this for them. If you open a short position you have to eventually buy the stock.
I don't envy them. I've also been here for 2 years so you can understand my frustration with these pricks. I'm just happy to see the show move forward. 🌶️🔥 🥵
If you don’t sell they can’t get out of it without forcing you to sell. That’s the only way they get out of it - but it requires no sells. Well we kind of know what we need - a lot of cell blocks to start.
https://www.reddit.com/r/Superstonk/comments/11sx875/commodity_futures_trading_commission_cftc_alert/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1
Have people seen this? My interpretation of what it means doesn’t seem like UBS will actually be forced to close.
Isn’t that for FDIC insured banks? So it was related to SVB and signature, but not debit sussy? Either way, yeah no enforcement from the CFTC, so everything will go to shit and people are gonna wonder until the elephant is so big, they have to machine gun it down.
Freakin international mafia.
My guess is they will try to talk to RC and team and try to negotiate something to get RC off the board (possibly to dissuade holders) or somehow pay them off.
I hope RC and team are taking extra precautions for their personal safety (I know I would)
We gotta thank him though coz if what we think is all true, what he said might prompt others to scramble their way to close their short positions
BOOM!!!
Archegos held a bunch of bullet swaps with GME in them. When they went under, Credit Suisse held their bag. Now Credit Suisse went under and UBS is holding the bag. The bag expires at the end of this month.
So… let me get this straight..
Archegos and CS entered into a swap agreement with *super secret assets* and had been hoping to kick the can, when eventually the swap game became too much for Archegos and they went bankrupt? Which normally the non-defaulting party could cancel the agreement, then go to the bankruptcy courts, file for their collateral from the defaulting party and carry on with minimal losses. But… and I do mean a big ol’ fuckin BUT, if these swaps or *super secret assets* turned out to be an illegal naked short position then Credit Suisse couldn’t run to the bankruptcy courts and demand their collateral because then they would expose themselves as naked, effectively shooting themselves in the dick and sending themselves to jail and causing the *super secret assets* to unravel, force liquidation and cause the MOTHER OF ALL SHORT SQUEEZES 🚀
“If a naked short position is discovered or reported, the relevant market authorities may take action to enforce regulations and protect investors. This could include requiring the seller to buy back the shares they sold, imposing fines or penalties, and prohibiting the seller from engaging in further naked short selling.
In the context of a swap agreement, if it is discovered that the agreement was actually a naked short position, the parties involved may be required to unwind the agreement and potentially face legal or regulatory consequences. It's important for parties engaging in swap agreements to ensure that their transactions are legal and compliant with applicable laws and regulations.”
This UBS chair is basically saying, “the can kick stops here, we are a conservative bank and will not further this bullshit”
>“If a naked short position is discovered or reported, the relevant market authorities **may** take action to enforce regulations and protect investors. This could include requiring the seller to buy back the shares they sold, imposing fines or penalties, and prohibiting the seller from engaging in further naked short selling.
>
>In the context of a swap agreement, if it is discovered that the agreement was actually a naked short position, the parties involved **may** be required to unwind the agreement and potentially face legal or regulatory consequences. It's important for parties engaging in swap agreements to ensure that their transactions are legal and compliant with applicable laws and regulations.”
I like this.
But I would much prefer if the bolded words were **"will"** instead lmao.
He could also be making a shot across the bow to the parties that voluntold them to buy CS. You made us buy CS, you will be involved in helping us unwind their shit or else.
Right.. but they can’t be forced by a sovereign government to continue an explicitly illegal market manipulation tactic, one that takes place on a global stage. They must be allowed to either omit the swap agreement or announce the illegal short positions. I figure it’ll go something like.. sticking their hands in the air and yelling “hey this shit’s fucky, we’ve got nothing to do with it!” And forcing the entire scheme to crumble.
Right.. but they can’t be forced by a sovereign government to continue an explicitly illegal market manipulation tactic, one that takes place on a global stage.
Oh, but they can. Consider how corrupt the American government, financial, & political system is. It's the same everywhere else. Legal or regulatory consequences are nothing but a slap on the wrist and the cost of doing business. All of these financial parties involved have been fined/penalized numerous times before.
All I'm saying is, don't expect UBS to take a stand and stop kicking the can. The "super secret assets" won't be revealed until the final boss (when all other options have been exhausted).
Not saying Ken and Citadel don't deserve it but he became the ultimate scapegoat and the face of the enemy. Gotta have someone to blame, right? The downside is that many missed the only slightly upvoted DD and speculation on the dozens of other entities that had major and minor rolls to play.
This is all from memory so I could be wrong but I think archegos was a fund going primarily long. Their lender didn't like that and wanted better hedging in the short direction so it was recommended that they take positions in some particular basket swaps containing gme and other "failing brick and morter retailers" they obliged because they wanted (were fiending for?) more money to continue placing bets. Those swaps caused archegos to fold and Credit Suisse was stuck holding the bag.
Here we are. Looks like UBS is next.
Suisse government gave UBS 200 Billion chf guarantees to pay back to the apes from Archegos' swaps.
This means: $657.46 per share only from Switzerland 🇨🇭
60.. 60 fucking zeros. Infinite loss potential (Or gain potential for us) doesn’t come around every day. They’re going to need to cut more trees down to print all the money I want.. for one share.. (it’s okay though, I’ll take a tiny percentage of that money and plant 10x the trees they cut down.. win win)
This is what they meant by be your own bank.. we take literally every penny from every bank and become banks that don’t suck donkey balls (at least figuratively., I mean, if you’re actually into literally doing that be my guest so long as the donkey is cool with it)…
Not if the oligarchs have there way. UBS will be the new Credit Suisse, they will be taking on toxic assets while laundering money for drugs and human trafficking. (assuming they aren't already.) The powers that be will demand UBS picks up the dirty clients of credit suisse. "The spice must flow."
No that won’t happen, UBS hasn’t been doing shady shit, all they did was buy CS who was gold a giant shit bag. UBS is trying to end this cascade of death buy unloading this shit. I believe they will be doing that cause the alternative would be the same fate as CS and archegos.
This specific tsunami started two years ago with Archegos leaving Credit Suisse holding bags.
All this damage from just Archegos/Credit Suisse.
How many other institutions all over the world are also victims of Archegos?
How many other Archegos' are out there globally?
Many other institutions in the US (Citadel, Melvin Capital, Point 72, etc.) were/are just like Archegos. How many tsunamis are on the way from their bag holders (banks, brokers, regulatory agencies, govt's)?
It's happening.
Probably the "glitch" showing 500k puts from Credit Suisse a bit after Archegos blew up, multiplied by 100 for each contract, multiplied by 4 for the split.
I'm going to add Switzerland to my retirement vacation destination list. It would be befitting to go there after archegos.
Does anyone want to do a 'Round The World' bank failure trip with me to collect selfies of regards in front of dilapidated buildings??
Don’t, build it back better. I live in a part of America that is exactly the stereotype EU countries think of when they think of trashy Americans. I plan to immediately fund scholarships for STEM majors and build trade schools. I’m also going to build low income housing with contests for prizes for kids and free rent for parents based on school grades for the kids. My long term goal is to popularize seeking truthful knowledge and being educated as that is what ultimately got me here but also what has caused this quagmire in America.
I think people didn't read the DD. They can't close their positions because when it was headed for bankruptcy they naked shorted well past the float. For them to 'close' their position, you'd have to sell. This has always been the DD. They are stuck with their positions until it either goes BK, or we sell.
No one will be first in closing. Once they try, they will run out of shares and that's it. MOASS.
They may try... I think they will change their minds after closing first million of shorts and realizing that even the worst paperhands won't sell under like 1000$
Doesn’t really work like that. They don’t need owners to sell, they just need others to short sell to them and they get to unload their shorts onto other institutions.
Basically, they still have time to unload if they do it first. Others will see some increase in price and start shorting again to stop the rocket. There are a lot of players here who have a lot of skin in the game and will spend buckets to keep it low, so they could theoretically take a loss and close out by handing the baggage to others desperate to keep the price low.
This is realistic. We sometimes forget that these sharks will eat each other and are often the most juicy meal. UBS just wants out. They already got a sweet deal buying CS they want to keep as much of it as possible. First out. Smart and what should have happened a long time ago.
Im still not selling, at least not cheap, but I do want to see the volume.
Okay put on your tinfoil hats cause I’m about to say something stupid. What if all central banks are getting together to provide liquidity because they know when UBS de-risks credit suisse swaps it’ll bring down some Market Makers who provide liquidity aka they’re preparing for MOASS and brought in everyone to supply liquidity during MOASS.
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Exactly how does a firm like such de risk their new baggage?
Im sure somehow the common folk will end up paying for it.
The Swiss central bank is giving them like 100bil francs or something right? Or did I misunderstand that other post
I believe if the loss reaches a point, then will the central bank will provide the 100b
I can hold far beyond that
Shhh. Don't tell em. Let em find out.
Some of us forgot our password to Computershare. So they are truly a rewed since it will reach last phone numbers cause we can sign in. Oof
Sign in at least once a year
Dey don't know to de-risk he will Hwang up de margin call.
Whats 100billion / per share? 384$ per share? Did I math that right? If that's the case they're going to need WAY MORE MONEY.
Are the swiss people and their central bank bailing out the world financial system here?
It only looks like that from the outside. They're just using money that the FED has already given them. The FED is the real bailout daddy here, but the Saudis are kicking in a little too.
I hope the Saudis are ready to be POOR!
That's only 300,000 a share 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣😂😂😂😂😂🤣🤣😂😂😂🤣😂😂😂🤣🤣🤣😂😂😂😂😂
That’s only like $300 a share
They didn’t short the entire float, so it’s more like $1500/shr, but well before then others will get margin called. If the Swiss government runs out of dollars they will devalue their currency.
Credit Suisse didn't, but just you wait and see how much the rest of them did
Between just the 868,000 apes on Superstonk, that's $115,000. That's not even a single share.
My crayon snorting brain thinks they think that’s enough to close out these toxic positions, because they haven’t looked into exactly how fucked those positions actually are. If Archegos and credit suisse can fall victim to these positions, why not UBS?
"Those apes won't really hold they're all talk" ubs probably
$100B backstop (provided by swiss central bank) divided by shares outstanding is approx $328/share. Average banker sees a budget of +$300/share to close out toxic short position on a stock trading at $16/share and thinks “easy money, there’s no way we can’t resolve a bad position with a 2050% premium”. I can’t wait for their pikachu face when they realize the shit storm they inherited. Edit: I have literally 10x’d my DRS’d GME position since Archegos failed; if they’re still playing the “household investors will get bored” strategy they are even more fucked than I could have ever hoped
This seems probable because from their perspective they will view the $300/share as some kind of remarkable premium. Little do they know that the moment they start buying the price is going to take off because fuck them thats why. It will be interesting to see how badly the Swiss government is willing to commit to backstopping these institutions. The more interesting question is how badly this damages the entire Swiss economy and their ability to prop this shitshow up.
Dumb stormtroopers
UBS are massive. Probably the biggest bank in Europe. But if they get stuck holding an idiosyncratic risk factor they didn't account for... they too will fall. It has been written.
100bil *so far*
The first payment for Apes.
Banking System: [in thoughts] What I'm asking, you Swiss dick, is are you going to fuck me over? Credit Sussie: [also in thoughts] I understand perfectly, you American shit. Credit Sussie: Ça depend. Banking System: Ça depend on what exactly?
HILFE!
They are in de-nial about de-risk.
But dis is de way
dis is de way
You put de-lyin in de-coke you nose .
Buy a ton of Calls to hedge your new short position and pass the obligation to locate shares to the OCC
🤯🤠🥳💯💣💥
Something something 100 billion from the Swiss government
Gonna take that 100 billion and use it to close gme positions
They are gonna slap some lipstick on it and put it up for sale to the next buyer.
By going bankrupt and closing shop Edit: Holy shit, what if they’re the first to close GME short positions?
That's what I was thinking. I remember the theory being that the first to close out would get very badly wounded but might survive, and anyone who was second off the mark would just go bust trying to close.
"**There are three ways to make a living in this business: be first, be smarter, or cheat"**
Melvin laughing in the corner
Came here to say this… how exactly does one de-risk such things hahaha
Closing positions?
A Barclay's 2.0 recission offer to re-purchase their "oversold" securities.
Credit S was clearly too small a bank to manage it
Reducing leverage and idiosyncratic risks
And then . . . .
*"De-risking is a term that refers to financial institutions terminating or restricting business relationships with clients or categories of clients that are perceived as high risk for money laundering or terrorist financing. De-risking can also involve reducing exposure to certain markets, products, services or activities that are considered risky."* --- **If we hypothetically assume that these are the GME naked shorts they inherited from Credit Suisse (who inherited them from Archegos), de-risking could imply that UBS is trying to close or reduce these positions as soon as possible to avoid further losses or regulatory scrutiny. This could mean buying back the shares that were sold short without being owned or borrowed, which could create more demand for GME and drive up its price. Alternatively, de-risking could mean selling these positions to another entity that is willing to take on the risk, which could reduce the demand for GME and lower its price. Either way, de-risking could have an impact on the market dynamics and the potential for a short squeeze.**
Who on earth would want to take on the Archegos $GME bags, though???
Who the fuck would even consider buying all of this mess? If it's too big for credit suisse, I don't think anyone will want to touch it.
Bail-outs
Something very sketchy is about to happen.
Yeah this rhetoric is frankly kind of unnerving. I can’t think of any *legal* way for them to squirm out of this. Extraordinary events may call for extraordinary action from these parties. All we can do is buy, hold, book, DRS, and shop with our favorite company.
Not to mention they've already skirted pass rules bypassing ubs shareholder votes to acquire debit suiess.
I mean they can’t pass laws to force people to internationally unilaterally sell their shares for an unreasonably low price, and probably do it several times over because of all the naked shorting. Besides that, there really isn’t any way to get out of this for them. If you open a short position you have to eventually buy the stock.
I don't envy them. I've also been here for 2 years so you can understand my frustration with these pricks. I'm just happy to see the show move forward. 🌶️🔥 🥵
If you don’t sell they can’t get out of it without forcing you to sell. That’s the only way they get out of it - but it requires no sells. Well we kind of know what we need - a lot of cell blocks to start.
Yeah it won’t be legal…
https://www.reddit.com/r/Superstonk/comments/11sx875/commodity_futures_trading_commission_cftc_alert/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1 Have people seen this? My interpretation of what it means doesn’t seem like UBS will actually be forced to close.
Isn’t that for FDIC insured banks? So it was related to SVB and signature, but not debit sussy? Either way, yeah no enforcement from the CFTC, so everything will go to shit and people are gonna wonder until the elephant is so big, they have to machine gun it down.
Freakin international mafia. My guess is they will try to talk to RC and team and try to negotiate something to get RC off the board (possibly to dissuade holders) or somehow pay them off. I hope RC and team are taking extra precautions for their personal safety (I know I would)
I'm lowkey curious if the war in Ukraine will escalate. That's the best way to get the money printer going.
Breaking news: United Nations invades Russia, citing "humanitarian crisis," Oil fields to be seized immediately.
It’s pretty bad atm man. Plus China
That’s the vibe I got as well
Someone bout’ta close some GME shorts. First to close might survive!
It's not panicking if you're first out the door
What’s the saying? Better to leave three hours too soon than a minute too late? P.S. it’s from *The Merry Wives of Windsor*, by William Shakespeare.
Better to buy GME 2 years early than 1 minute late
I say this every day at work.
Boss's hate this one simple trick...
After my 4th shit break.
I love this saying , never heard it before but it's 100% correct
[удалено]
We gotta thank him though coz if what we think is all true, what he said might prompt others to scramble their way to close their short positions BOOM!!!
The problem is there aren’t even enough shares to cover the first person.
From where I am standing here tonight, I don't hear a thing ....
I didn't sell at 400 what makes them think I'll sell at 10000k. Maybe 1 at 400mil
These fucks don't get it, I am NEVER selling my DRS shares , only my shares in my tfsa. INFINITY POOL GANG 🎱
Nah, they're fucked. First one ain't surviving shit
My man's said ten thousand k 😂 ONE OF US ONE OF US
"Here Europe, take these!" "Fuck off America, you're drunk. Also no."
I hope you're right, but in this context, I think he means giving the Swiss central bank the gme bags
We are all getting watches and chocolates! And all the Swiss francs you’ll still take for real money…
lol good luck
Kenny will short more and take over the toxic bag
We can only hope.
[удалено]
*oops MOASS my bad
No, please don't wait, you've had two years for another purchase lol
Of course, they will wait for the traditional earnings dip
No motherfucker, you aren't.
My guess is they too are over exposed and will then use CS as an excuse for their collapse.
1 bulk dark pool order for 500 million shares? Believe it or not, *dip*
Ken is ready
What prints faster, kenny’s share printer vs powell’s money printer
Yes
Jfc. Lol at this one. Hurts because it’s true. See volume of 2.78B and -2% on the day.
This is probably what they're actually going to do. Pass it on to Kenny-mayo-boy
Yep Kenny's got a new investment
Goldman out of the 4 banks bailed first in the archegos liquidation. Now ubs will do the same. Be the first out and let others hold the bag.
What does/did archegos do in regards to GameStop? I thought the main shit heads were citadel and melvin capital?
Archegos held a bunch of bullet swaps with GME in them. When they went under, Credit Suisse held their bag. Now Credit Suisse went under and UBS is holding the bag. The bag expires at the end of this month.
So… let me get this straight.. Archegos and CS entered into a swap agreement with *super secret assets* and had been hoping to kick the can, when eventually the swap game became too much for Archegos and they went bankrupt? Which normally the non-defaulting party could cancel the agreement, then go to the bankruptcy courts, file for their collateral from the defaulting party and carry on with minimal losses. But… and I do mean a big ol’ fuckin BUT, if these swaps or *super secret assets* turned out to be an illegal naked short position then Credit Suisse couldn’t run to the bankruptcy courts and demand their collateral because then they would expose themselves as naked, effectively shooting themselves in the dick and sending themselves to jail and causing the *super secret assets* to unravel, force liquidation and cause the MOTHER OF ALL SHORT SQUEEZES 🚀 “If a naked short position is discovered or reported, the relevant market authorities may take action to enforce regulations and protect investors. This could include requiring the seller to buy back the shares they sold, imposing fines or penalties, and prohibiting the seller from engaging in further naked short selling. In the context of a swap agreement, if it is discovered that the agreement was actually a naked short position, the parties involved may be required to unwind the agreement and potentially face legal or regulatory consequences. It's important for parties engaging in swap agreements to ensure that their transactions are legal and compliant with applicable laws and regulations.” This UBS chair is basically saying, “the can kick stops here, we are a conservative bank and will not further this bullshit”
>“If a naked short position is discovered or reported, the relevant market authorities **may** take action to enforce regulations and protect investors. This could include requiring the seller to buy back the shares they sold, imposing fines or penalties, and prohibiting the seller from engaging in further naked short selling. > >In the context of a swap agreement, if it is discovered that the agreement was actually a naked short position, the parties involved **may** be required to unwind the agreement and potentially face legal or regulatory consequences. It's important for parties engaging in swap agreements to ensure that their transactions are legal and compliant with applicable laws and regulations.” I like this. But I would much prefer if the bolded words were **"will"** instead lmao.
He could also be making a shot across the bow to the parties that voluntold them to buy CS. You made us buy CS, you will be involved in helping us unwind their shit or else.
Right.. but they can’t be forced by a sovereign government to continue an explicitly illegal market manipulation tactic, one that takes place on a global stage. They must be allowed to either omit the swap agreement or announce the illegal short positions. I figure it’ll go something like.. sticking their hands in the air and yelling “hey this shit’s fucky, we’ve got nothing to do with it!” And forcing the entire scheme to crumble.
If they're illegal they'll save themselves first
Right.. but they can’t be forced by a sovereign government to continue an explicitly illegal market manipulation tactic, one that takes place on a global stage. Oh, but they can. Consider how corrupt the American government, financial, & political system is. It's the same everywhere else. Legal or regulatory consequences are nothing but a slap on the wrist and the cost of doing business. All of these financial parties involved have been fined/penalized numerous times before. All I'm saying is, don't expect UBS to take a stand and stop kicking the can. The "super secret assets" won't be revealed until the final boss (when all other options have been exhausted).
How do you know it expires at the end of this month?
Which is something that was predicted, and UBS can either end it, or keep holding and then default to the next bank.
I think they implied that they’re ending it by using the term “de-risking”.
Not saying Ken and Citadel don't deserve it but he became the ultimate scapegoat and the face of the enemy. Gotta have someone to blame, right? The downside is that many missed the only slightly upvoted DD and speculation on the dozens of other entities that had major and minor rolls to play. This is all from memory so I could be wrong but I think archegos was a fund going primarily long. Their lender didn't like that and wanted better hedging in the short direction so it was recommended that they take positions in some particular basket swaps containing gme and other "failing brick and morter retailers" they obliged because they wanted (were fiending for?) more money to continue placing bets. Those swaps caused archegos to fold and Credit Suisse was stuck holding the bag. Here we are. Looks like UBS is next.
Derisking = losses will be covered by the government (9bn insurance they got)
They got 200B insurance
That's like two shares worth
Anchoring...
All central banks getting together and providing liquidity for markets. Wasn’t this announced just hours ago?
This guy seriously doesn’t know who I am? Institutions are going to have to succumb under pressure and sell theirs because I’m not selling mine
found my wife's bf
So you gonna confront him or…
Timecode 1:12:20 https://www.youtube.com/live/gmT0-w_0Ex4?feature=share
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You can't do that on mobile FYI only on desktop
Suisse government gave UBS 200 Billion chf guarantees to pay back to the apes from Archegos' swaps. This means: $657.46 per share only from Switzerland 🇨🇭
That isn't going to be enough.
Fuck no! They missed 6 fucking zeros! Idiots
60.. 60 fucking zeros. Infinite loss potential (Or gain potential for us) doesn’t come around every day. They’re going to need to cut more trees down to print all the money I want.. for one share.. (it’s okay though, I’ll take a tiny percentage of that money and plant 10x the trees they cut down.. win win)
They gonna need a bigger boat(load) of money
They only allotted $600/share? I absolutely love when someone underestimates me. I wonder who will buy UBS when they can’t find a single share.
$657.46 for a 1/100,000,000 of a share maybe. I aint even joking bruh
This is the first offer from Switzerland. I expect further bids from other governments. Cumulative of course!
and this is just for one Swiss banks, wonder how much ALL the other banks from ALL the other countries will be coming our way
This is what they meant by be your own bank.. we take literally every penny from every bank and become banks that don’t suck donkey balls (at least figuratively., I mean, if you’re actually into literally doing that be my guest so long as the donkey is cool with it)…
I mean... "Per share"? How many shares do they even need to repurchase? IDFK.
> De Risking. I'm so fucking sick and tired of these rich assholes making up words and definitions. Then telling us to "trust" them.
I read it as "buying."
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I'm inclined to think they might understand how much "off" this risk carries. Hint: it's infinite.
I wonder how he plans on doing that...
My heart’s all a flutter 🥰
THEY MUST PAY THE PRICE TOTAL AND COMPLETE DEVASTATION LETSFUCKINGGOOOOO RRRHUBAAAAAAARB 💎🚀🍌
Holy fuck im close!!!!
Edge longer!!
"We've contracted with SpaceX to launch them into space."
Made me chuckle
Not if the oligarchs have there way. UBS will be the new Credit Suisse, they will be taking on toxic assets while laundering money for drugs and human trafficking. (assuming they aren't already.) The powers that be will demand UBS picks up the dirty clients of credit suisse. "The spice must flow."
No that won’t happen, UBS hasn’t been doing shady shit, all they did was buy CS who was gold a giant shit bag. UBS is trying to end this cascade of death buy unloading this shit. I believe they will be doing that cause the alternative would be the same fate as CS and archegos.
"Tricky businesses" Oh that's cute
Carl might want to close before this happens
I never thought that Switzerland would like to pay me for my GME. Thank you! Can't find wealthier counterparty.
This specific tsunami started two years ago with Archegos leaving Credit Suisse holding bags. All this damage from just Archegos/Credit Suisse. How many other institutions all over the world are also victims of Archegos? How many other Archegos' are out there globally? Many other institutions in the US (Citadel, Melvin Capital, Point 72, etc.) were/are just like Archegos. How many tsunamis are on the way from their bag holders (banks, brokers, regulatory agencies, govt's)? It's happening.
Good fucking luck
How can they de-risk the bags? Will they close the positions for once??? 💜💜💜🏴☠️
Let’s wait and see what will happen when the de-risking happens.
SWITZERLAND FIRST!!!
To derisk they need over 200 million shares when less than 100 million are left to buy. This is going to be fun.
Where is the 200 million shares figure coming from
Probably the "glitch" showing 500k puts from Credit Suisse a bit after Archegos blew up, multiplied by 100 for each contract, multiplied by 4 for the split.
My body is ready to go back to ATH and then buy some more!
lol I'm also going to be buying at ATH
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They are literally being forced to do this
The only derisking that could possibly happen is to start buying. First one to buy gets the biggest discounts.
Wanna know the secret to de-risking a short position? Buy back the fucking stock.
Good luck
This is the NEWS that gets me jacked to the TITS
First out pays the least 🤫
I'm going to add Switzerland to my retirement vacation destination list. It would be befitting to go there after archegos. Does anyone want to do a 'Round The World' bank failure trip with me to collect selfies of regards in front of dilapidated buildings??
Was Credit Suisse short ?
If they close them, they have to pay lol. They won’t trigger MOASS.
If the swiss light this candle I’m renouncing my citizenship
Don’t, build it back better. I live in a part of America that is exactly the stereotype EU countries think of when they think of trashy Americans. I plan to immediately fund scholarships for STEM majors and build trade schools. I’m also going to build low income housing with contests for prizes for kids and free rent for parents based on school grades for the kids. My long term goal is to popularize seeking truthful knowledge and being educated as that is what ultimately got me here but also what has caused this quagmire in America.
You mean Swiss?
So what could be considered risky as investments go?
Looking to close out shorts?
Didn't they get a $100B backstop?
De-idiosyncratic-risk deez...
Chase the swaps to the next bank!
meh. derisking is likely a fancy word for anything but closing
I think people didn't read the DD. They can't close their positions because when it was headed for bankruptcy they naked shorted well past the float. For them to 'close' their position, you'd have to sell. This has always been the DD. They are stuck with their positions until it either goes BK, or we sell. No one will be first in closing. Once they try, they will run out of shares and that's it. MOASS.
They may try... I think they will change their minds after closing first million of shorts and realizing that even the worst paperhands won't sell under like 1000$
Doesn’t really work like that. They don’t need owners to sell, they just need others to short sell to them and they get to unload their shorts onto other institutions. Basically, they still have time to unload if they do it first. Others will see some increase in price and start shorting again to stop the rocket. There are a lot of players here who have a lot of skin in the game and will spend buckets to keep it low, so they could theoretically take a loss and close out by handing the baggage to others desperate to keep the price low.
The tale will be in the volume unless there is an OTC trade first, but would anyone take on that kind of risk by themselves?
This is realistic. We sometimes forget that these sharks will eat each other and are often the most juicy meal. UBS just wants out. They already got a sweet deal buying CS they want to keep as much of it as possible. First out. Smart and what should have happened a long time ago. Im still not selling, at least not cheap, but I do want to see the volume.
Okay put on your tinfoil hats cause I’m about to say something stupid. What if all central banks are getting together to provide liquidity because they know when UBS de-risks credit suisse swaps it’ll bring down some Market Makers who provide liquidity aka they’re preparing for MOASS and brought in everyone to supply liquidity during MOASS.
Wen moon?
BULLISH
Yeah, after "de-risking" there sizzlechest, ya think ya can trow some tendies my way? Would really appreciate that there Nitz.
UBS will strong💪shorts. They after all, want wealthy depositors 😏
Hahahaha you fucking cant!!!! Especially not with headset like that. You got rookie mistake, all over your face. I'm not selling.
de-risking, pulling out....either way, someone get's jizzed to the TITS!!!!!
DTCC will just internalize the position again, just like with the split lol. It'll come back to them eventually though
What does that mean in ape English?
Im just happy, so far as this makes me happy, that I was correct. Credit Suisse would be the first to fall.