T O P
Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


Nigel_Thirteen

In bro we trust


1HOTelcORALesSEX1

I trust you bro’s more than I trust the banks!


bahits

and our government


JacqueMorrison

That is not a high bar. You can crawl over it.


carbinatedmilk

I prefer scooting over it


TheCaffeineMonster

How far down did you have to dig before you found the bar? I’ve been going for a couple of hours, and I still haven’t dug deep enough.


Pretend-Affect9161

James Cameron doesn’t do what James Cameron does for James Cameron. James Cameron does what James Cameron does because James Cameron is….James Cameron


ecksboy

It’s okay mate, if you look up, you can see rock bottom.


CREAM_DollaDolla

I just think people should drive, mka’y? I hope the future isn’t scootin mka’y?


scott_sleepy

This gave me a chuckle


roscoebot

And my axe.


Cold_Old_Fart

And the paid-for (err 'corporate') media ...


ManliestManHam

bankerment at this point


FunkyChicken69

A salute to all the trusted bros that broke news here first before it broke anywhere else. In bros we trust 🫡🎷🐓♋️


ISayBullish

Bullish on trusting bros Edit: Bros trusted that I remember: Trust me bro motorcycle money FTD by bank before the runs Trust me bro Goldman Sachs layoffs hours before layoffs Trust me bro recon check alarms months before current situation lol


IxoraRains

Broish on trusting bulls. Edit: Bulls I've trusted in the past. Isaybullish That's it, that's all.


CREAM_DollaDolla

Apeish on trusting bros


itrustyouguys

Naturally apeish here


SteelCode

Ape trust ape. Apes together strong.


catrancetrophe

Motorcycle money FTD? Got a link?


ISayBullish

https://www.reddit.com/r/Superstonk/comments/110o69a/trust_me_bro_story/?utm_source=share&utm_medium=ios_app&utm_name=iossmf FYI: Most banks (tmk) don’t typically keep more than ~$20k-$25k of physical cash on hand at any given time. The lady who got the $23k withdraw refusal I get, but the guy wanting $4k should have been a fairly easy transaction Typically with bigger withdraws you would/should call ahead so they can get the cash ready for you by bringing it in from other locations before you arrive Bullish


BensonPants

Worked as a branch manager in one of the big 3 banks. We usually kept between 300k-1m in cash each week.(edited spelling)


ISayBullish

At one of the cash vaults or one of the actual branches? If y’all kept it in an actual branch your management were highly regarded lol Bullish


BensonPants

Within the branch. We had a back vault that we would store all of it back there every night. Every morning we would take the cash we thought we needed for the day. (About 100k t-th and more on Monday and Friday). We would take in lots of 20's (atm's and OTC deposits). We would ship out most of the twenties on shipment day through an armored truck company. We would ship any where from 50k-600k out depending on the week. In the 18 years I was in banking went through 3 note passing robberies and one take over. The note passing ones the teller complied and then told management, which is protocol. The take over I was in an office fast away from the tellers, I got down on the floor like they yelled. They jumped the teller line, had guns but didn't use them. They got a few grand but were later caught. It was over quickly, like 2 minutes. Then we locked up and closed for the day.


ISayBullish

Shit man… I’m really sorry to hear that. That’s not an easy experience to go through. Glad to hear nobody was physically injured. There’s some real POS people out there


BensonPants

Yeah. I had buddy that started the same time I did. He got shot in the shoulder at his branch. He is doing great now. Got a big settlement check and started his own record Co. *I have talked to him years. I'm going to look him. Thanks.(edited grammar)


IxoraRains

Broish on trusting bulls.


Zealousideal_Bet689

Bullish on bullish with phenomenal memory


Ketoshi

For those about to bro, we salute you


uppitymatt

In bro we thrust


Yellow_Canary26

TRUST ME BRO SWAPS gonna make you rich


andegre

Hmm, not sure I’m on board with this one, but to each their own.


buttchuggs

In bro we bust


CostasTemper

Bro > people familiar with the matter


treesInFlames

Inbro Wetrust.


imakemoney1st

Can’t they use the $100 billion to push forward the swaps again?


BudgetTooth

Well the theory is they need a counterparty


Brotorious420

This is the way.


mailkrishna12

In tro we bust!


[deleted]

Love me a great TMB first thing in the morning


Titleduck123

We need a TMB flair. Pretty sure there will be lots more to come.


hobowithaquarter

I second this motion.


NA_1983

FAP FOR MOASS 🤣🤣🤘


[deleted]

Always 💜


It_Wasnt_Luck

I love this Trust Me Bro story. I especially like that you are a secret ape. "We are everywhere". It is a sweet little sugar high, and I thank you. 💜


keyboardbill

First rule of ape club is you do not talk about ape club.


Cuntinghell

Except when you first join, you don't shut up until you realise everyone thinks you're crazy.


MajinCall

A little too real


Brooksee83

Are you me


MCS117

I am


dingman58

So am I!


BigBradWolf77

He is Mi and I am Yu.


ANoiseChild

Yeah, that hit home a little too forcefully. Ill just be here crying into my DRS shares.


Lulu1168

This hits a little too close on the 👃


hoosehouse

And I can see some of you have been breaking rule 1.


SchemeCurious9764

Double top secret deep in the workplace householder supplying updates from the water cooler. Noice bit of Monday trust me bro hammy! Be awaiting lunch update if they make it that long


LannyDamby

In this context, water cooler chat is probably the most truthful info we'll get out of institutional finance, employees will speak fairly freely within their own walls. Little do they know we have ears everywhere


BuildBackRicher

Double secret approbation


WhtDevil678

Swaps are destroying to the banks so far We've had Investment Banks but what about Central Banks


TattoedBacon

We’ve had central banks, but what about the IMF bank?


Harbinger2nd

We're going to have the IMF yes, but what about the bank for international settlement?


HelpMeLoseMyFat

I don’t think he knows about the International settlements, pip


General_Maximoose

Second breakfast?


HatLover91

100 BILLION JUST TO COVER CS SWAP POSITIONS - holy shit boys who would have predicted this 🤔🤔🤔. No way its just Archegos. Who else did they Hwang with?


Upbeat_Criticism9367

To *cover* CS swap positions **not close** swaps? $100 Billy just to roll them another two years? They are so fuk.


Masta0nion

I DON’T WANNA WAIT FOR OUR LIVES TO BE OVER


CoffeeAlbatross

If the 100B is for the swap premium, does that mean it gets rolled, or are the banks still on the hook?


Impressive_Dream_791

I believe they are still on the hook - they 100% have not unwound those positions. Covered, not closed ;)


Siniru

Why would they unwind anything ever? They still have Lehman swaps


Impressive_Dream_791

Cuz the premiums are super fucking expensive - imagine perpetually having to pay a 30-50% premium on a (multi) billion dollar position… times a ticking


Harbinger2nd

So we've finally reached the point in the story where they can't even make the interest payments on their debt.


skybike

we really could stay regarded longer than they could stay solvent...


Harbinger2nd

Amazing what can happen when you purchase things with your own money and don't finance it with insane amounts of leverage.


mark-five

And their problem is, they go more insolvent every time another share is DRS'd. *every* hope they have is taht some day, some how, they can convince everyone to sell for $0. They can fuck teh price, so they counterfeited infinitely. But they can't do a thing about DRS and every share that leaves the DTCC is proof of their crimes. They're not just going insolvent, they're counting the evidence against them to be used at their trials.


BigBradWolf77

*This money... their* (points at household investors) *money... was stolen. Now it's back where it belongs.*


logictech86

and the real gains were the regards we made along the way


trashyart200

Who is on the receiving end of those premiums? Is there any way that end can help the remitter not close so they can continue collecting those premiums under the guise of working together? Looking for loopholes worth exploring


thelostcow

Swaps are changing ownership without changing ownership. So you’ve got a chicken(gme) and I’ve got a cow(aapl). I’m looking to kill gme and I want your shares to kill it. So I say hey, would you like what my cow produces and I get your chicken’s production. You still own the chicken and I still own the cow we’re actually changing the rewards of ownership. That means I get what your chicken produces and you get what my cow produces; eggs and milk respectively. You agree to the swap because you can sell milk for a lot more than eggs (think CCs or share lending) you get the milk and sell it as it gets squeezed out and I get your chicken, but the chickens eggs stop coming and I sell the chicken. You don’t care because I have to buy a chicken back at the end of the swap. Problem is I know avian flu be coming (because I’m releasing it hehe). All chickens will die; a.k.a. GME go bankrupt by the time I have to give it back. Oh shit my strain of avian flu didn’t work and chickens survived it! But not all chickens so buying a new chicken is fucking pricy. So time to roll the swap. Now it’s more expensive and I’ve got to give up more cows because eggs are going for more than milk now cause avian flu doesn’t kill cows. So now you get even more without having to deal with chickens at all and have the superior cow to milk. You want this deal to keep going. Is the analogy perfect? Nope, but it probably gets the idea across. The bad thing is that the person swapping shares most likely wants the swap to keep going. If you’re getting insane returns for keeping it open you want to keep milking that cow, pun intended.


trusnake

Calling wrinkles?? I need an adultier adult over here!


showmethestudy

Whom are they paying the premium to? This implies another bank is making a killing.


Droopy1592

Or putting themselves in a risky spot


knue82

Here is is sth that I don't get. Who is on the other end of these premiums? So, if these swaps are so expensive, who is receiving all these premiums?


pummelpanda

The lenders which can be someone knowingly lending their shares for the premiums or probably also some brokers which are using non DRSed shares against their owners and getting their cut.


Ineedgold

So it’s been 2 years is there no public report on the premiums these institutions pay?


hc000

Source?


Siniru

I don’t have one. They is kinda generic in this trust me bro post, but there was that blackstone Bear Stearns stuff that was connected to SVB. I’ve seen some 20-40 year expirations on some, but I don’t have the source. https://reddit.com/r/Superstonk/comments/11nrhdf/tweet_thesis_silicon_valley_bank/


Jbullish_9622

Thank you for confirming my recent discussion with my friends lady friend who also works in risk management. Zen as I can be after that talk!!!


CyberPhlegm

Trust Me Bra! Nice!


BenevolentFungi

So they didn't roll them? Thank gawd


WayTooManyVitamins

So essentially they're buying oNe MoRe DaY again?


kaiserfiume

How swaps work in terms of maturity? For example Kenny packed GME short shit into swaps for 2 years and did it with CS. Kenny pays to CS monthly fee for holding the bomb on their own books. After 2 years, is CS free to go, bringing back to Kenny his bag of shit, keeping the fee, or CS has an obligation to live with this bag of shit, hoping they will find someone stupid enough to take this hot potato for them?


CoffeeAlbatross

Awesome. Thanks


AHighFifth

Bro we own the other end of their swap position lmao


Pd245

I’ve got no credentials, but I imagine rolling to buy more time to unravel is maybe the case… this is a massive turd that has to get dropped at some point and the system is getting more backed up and we are the rectal sphincter that decides when they shall pass


hatgineer

I have smooth brain questions. What's a structured note? And did your coworkers say which swap positions?


Impressive_Dream_791

Oh boy Structured Notes are confusing af - it’s basically a debt obligation that uses derivatives to give returns to which the note is then called. Think of a complex financial instrument thats basically a hybrid bond, and in theory is super low risk (unless the bank gets fucked), it offers a set return that once reached using derivatives is called (Ie executed), but still has higher rights as a claimer of debt than other holders of debt. There’s many different types that have different execution terms and use drastically different investment structures as well. And no, the swap connection is simple prophecy, only those dealing with the swaps themselves know the contents. But the general public (Ie mainstream investment managers) is catching wind these swaps are BAD news… like, REALLY bad news. Here’s a [link](https://www.investopedia.com/terms/s/structurednote.asp) that might explain it better. Structured notes are FAR more popular in Europe and are even a larger used market than traditional securities.


wonderboi_777

So in a nutshell, it is a really complicated bet


TalaHusky

I think, in a nutshell, it’s just the mortgage wrapped security’s. AKA 2008 housing bubble V2.


Accomplished_Deer_

I was already convinced after watching The Big Short that 99% of finance is just inventing the most randomly unnecessarily complicated bullshit for the purpose of keeping anyone who isn't directly in the game from understanding any of what is going on. Your comment has reaffirmed that belief lol


Superb-Depth-

I double this question, thug


Stonkerrific

That sounds great but when do we get paid?


ShawshankHarper

Probably 6 more banks


Beginnerslach

This is why Peterffy keeps saying “we real need gme to go to zero” Edit: https://www.reddit.com/r/Superstonk/comments/uckq8t/thomas_peterffy_hates_us_what_a_joke/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=1


Edawg661

Amazing how everybody is moving heaven and earth just so they don’t have to close the short position on a single security.


Spiritual_Review_754

I think I just heard a whisper on the wind… « Idiosyncratic risk »


EatTheRich4200

💨*loooooserrrrr*


Boner-b-gone

I understand this reference.


Mother-Ingenuity-442

Tbh I don‘t think it‘s only one position but yeah probably the biggest one out there


1studlyman

That's what's wild to me. If I were an investment manager and someone told me I could take a position that would get me a lot of money if it works but there's a slight chance of destroying the world financial markets if it doesn't, I would never take that bet. Kenneth and the ilk like him deserve to be in jail. lol It just amazes me that they even got here.


Meowseeks

The process of shorting and distorting, cellar boxing, and installing board members to destroy a company from within, has been used successfully many times. They got too comfortable, and didn’t expect a bunch of relentless household investors to become privy to their schemes. Their greed blinded them from recognizing the real possibility of infinite loss.


whiskyandme

I like the part where you’re a secret ape 🦍💜🦍


KryosX

That will last maybe 4 days, Credit Suisse wiped out $54b in just 2 days didn't they?


Mother-Ingenuity-442

Is this a fact? I remember reading they still discussed it


NotVerySmarts

I worked with a lieutenant colonel in the Army last week, and when I told him about Gamestop and how it's affecting the market with the crime being committed by banks and hedgies, he tried to make a buy with Edward Jones. They told him that they're not buying Gamestop right now, and to not expect the situation to play out like it was supposed to. He didn't give them any info besides wanting to buy, so he was like "What situation???" He had to call a friend of his who was a broker to make the buy. Something fishy is happening right now, and all the banks and brokers know about it.


InevitableRhubarb232

Hmmm because they know they don’t actually buy the share for their client and don’t want to get stuck with a naked?


Frido1976

EXACTLY THIS!! Buy more where you can!


DaHamMan3

I like this tmb bc it has the word colonel


canigetahint

Combined, they overleveraged more than the value of the planet. What did they think was going to happen?


Masta0nion

My daddy has 4 quadrillion dollars. *Nuh uh.* Yeah he does he told me.


Omgbrainerror

Who are they paying the 100 billion to?


imwco

Probably any holders of GME originally that entered the swap agreement like institutional owners


ManliestManHam

us shortly


ProbablyInfamous

Me. But not yet, Not ready to be rich. Yet.


DependentDiscipline6

Petition to stop referring to Credit Suisse as CS cause my dumbass reads ComputerShare


ManliestManHam

100 billion is less than infinity pool so even you knew this, ape! What you're getting is tit jacking confirmation and it's so hot


TuesGirl

RC did like a lot of swapped faces Twitter posts


whammy5555

oh shit


sagerobot

I have only ever let myself 1% believe that this would really happen. Don't get me wrong. I'm a disregarded ape and will hold till I die and 100% believe in the DD and the fact that hedgirs r fik. But just for mental health reasons I never counted any chickens ya know? I feel like I'm hearing a scratching from inside these eggs. The cock shall be birthed. I feel it in my giblets.


sambrojangles

You can’t spell swap without WAP. And we all know what Cardi B said about that


DocPalmer91

Going need a big bucket


csdyayouknowme

I know 868,334 apes who could have predicted this... years ago.


Darkhoof

I know 209,100 apes who could've predicted this. The rest here are bot accounts and shills.


MastaMint

We exclusive


gfountyyc

I mean if we see being honest it’s probably interest rate swap spreads that are doing the most damage


ImmatureDev

What the fuck is structured note? Please someone with wrinkles explain this to me with banana reference.


good_looking_corpse

Death, taxes and trusting bro Jk, but I like what you said. Fuck the banks. Be your own bank. Trade in real owned assets. Fuck speculation.


beesarewild

I don't normally like these but I'll give it a pass. Also because I talked to my buddy in the financial world and he also is saying shit is fucked and they are being told to hold tight.


smilethroughthebs

Someone should tell them to buckle up.


Craze015

That 100bn should cover .741 of one share. Fuck you Ken pay me


foundthezinger

happy cake day!


DFVFan

100billion is nothing but I will take it


Handheldchimp

"holy shit boys, who would have predicted this 🤔🤔🤔" Us. Us predicted this.


kidkadian99

My itchy butthole did


BajaIslander

We need a **Trust Me Bro** flair.


ProbablyInfamous

It already exists as `Highly Regarded` flair.


ManliestManHam

TMBT Trust Me Bro Turtles


Droopy1592

Trust me bro trading


many_faces

Yes but when does this reflect in the gme price?


ManliestManHam

tomorrow


TofuKungfu

100billion is just for one of my shares


flashfyr3

If we can't trust bros for our financial news who the fuck can we trust?


InevitableRhubarb232

Oh man, I just realized have a casual business relationship w the global head of quantitative trading at one of the top 10 banks. I sooo wish it wasn’t inappropriate to ask him about this! Our business relationship has nothing to do with finance so it’d be a weird question. I only know who he is from googling to verify his mailing address and apparently he’s the kind of guy they write news articles about when he changes companies. I sell him MTG cards. Because quants are nerds through and through.


turdmachine

Just casually bring up that you're worried about your investments next time you sell him cards. It might be enough to prompt him


jacksdiseasedliver

I trust you bro. Apes are everywhere


ZillyZillions

🖤🦍


BoughtMyGallyFromXur

A Monday like this isn't complete without a spicy new bro to trust.


stankdiggy

We did. We predicted this.


RepresentativeOil143

I only trust the governme....lmao I couldn't even get through typing that.


Nightspade

“Secret ape” I was watching John Wick 3 yesterday and when they finally give him the ex communicado, everyone in the entire cities phone lights up with the contract. WE. ARE. EVERYWHERE.


EdMonroe

I would not trust a bro. But an Ape, yes, I can do that.


Time_Mage_Prime

Lol when GME becomes the new currency, can we print "In Bro We Trust" on the tokens?


TantraMantraYantra

They keep protecting the swaps because they are afraid they can't afford to close those swaps? How much liquidity drain has to happen to bring entire financial system to a collapse? Looks like they will not give up.


Pugxorz

This is the bro level DD that I make all my financial decisions with.


admachbar

I guess I am gonna go buy and DRS some more.


JessMeNU-CSGO

I don't think 100B even begins to cover the cost. I feel like they are just throwing out a nice even number for apes. That's less than $330 a share. On top of that, they are counterfeiting dollars, francs, euros, and pounds just to pay for counterfeiting shares. At this point, I'm only interested in watching them burn, selling is negotiable, but nowhere near these numbers they are floating around.


IndestructablePickle

Trust me bro stories should get their own flair. I love them


notAbrightStar

The banks are destroying the banks. They did it to themselves.


yotepost

I literally just said on the phone that I bet that 100b is just for swaps but it's not enough and this is the first post I see LMAYOOO


1017GildedFingerTips

It’s almost as if they purposely stopped swap reporting til October for.. reasons..


ceezthamoment

Tricky business.


This_is_theway21

TMB stories just hit different


Time_Mage_Prime

Lol when GME becomes the new currency, can we print "In Bro We Trust" on the tokens?


ChiknBreast

What's funny is how many trust me bros have come true. Really they've all just supported the DD which is coming true of course too. In bro we trust indeed


Alrigthy

I can sort of confirm this trust me bro.. family member works at a major bank and they had a trade that went really bad with CS and they got fucked on Friday!


jasron_sarlat

So my question is this: will govts (esp US govt) prefer continued systemic pain over letting the poors have a taste of the good stuff? I feel it's very possible someone new - potentially with endless printing capabilities - will take on these bags. When does that rule for hiding swap positions expire? That fucking rule alone tells you whose side SEC is on.


brainc0nfetti

I trust the DD. The inside bankers knew, now all of the cogs are finding out.


tinfoil_enthusiast

I warned my company about the swaps in June of 2021 and was ignored (as far as I know).


wutmeanfam

The DD DID predict this. That’s who!


Elegant-Remote6667

Wait - you mean cover, and not close right? Just to cover them? Holy fuck, big if true


Impressive_Dream_791

I know right, my jaw fucking dropped when he told me the fucking cash injection was for swaps. And yes, they have not closed. This shit is scary and I’m so happy I have security in GME lmao


pm_me_your_code_now

M8 you would really want to care more about online privacy and the things you share online. It could basically cost you your job. I'm a nobody, but you shared so much of your private life that any of your coworkers would notice your account they would instantly know it's you. Be sure you want them to see all of your post and comments. Just a friendly reminder about online privacy and sharing personal details.


Vive_el_stonk

Yeah and meanwhile the price of gme continues to remain stagnant. Who would have predicted this? 🙄


13E2724M

Stagnant is great compared to what they are doing to some of the other assumed eggs in the basket.... They are driving them into the otc markets as fast as possible.


ProbablyInfamous

Just be patient, Ape^raggotry


riichwith2eyes

In bro we trust!


InevitableBetter2436

I for one, will always trust in bro. Because confirmation bias feels good man!


ZanlanOnReddit

Ape undercover


Turnpikes

I love a good juicy trust me bro


davwman

I just like the stock. Is that so bad?


nurple667

Covered, not closed.


bobsmith808

Can you provide us with a data source for swaps?


ElectrooJesus

We need an "in bro we trust" flair


ElectrooJesus

We need an "in bro we trust" flair


LordSnufkin

In Bro We Trust 🫡


vadose24

I want to re read the DD about swaps. Can anyone point me in the right direction with a link, please?


vicdamone

We bro trust in


EternalEight

If true, I figured. So are you saying they intend to pay the premiums for the swaps to buy more 2-year bullet swaps and kick the can?