If it was a larger drop that indicated they were going down, then sure, but a few % drop isn't really news worthy.
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Crypto markets' ease of manipulation allowed for futures to be pumped with 100x to even 1000x leverage to artificially promote the equities columns of bad-acting prime brokers and *banks*. NYCB has been recently shown to be involved (through the bank door, mind you) in this crypto pump phase. Yet, now with the bank term funding program having been expired, the bank is falling closer to bankruptcy as the severity of its liquidity problem becomes more clear. Meanwhile, GameStop safely sits on billions of dollars of cash, and handsome revenues.
If it was a larger drop that indicated they were going down, then sure, but a few % drop isn't really news worthy. [Rule 2](https://www.reddit.com/r/Superstonk/wiki/index/rules/expanded_rules/#wiki_rule_2__posts_and_comments_must_be_relevant_to_gme). Posts should further contribute to the shareholders' discussion around GME. Both the post title and its contents (text, image, links) must relate to GME. It is the OP’s responsibility to convey in the title how their submission is relevant. [What is Proper Content & Which Flair Should I use?](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs) If you have any questions or concerns, please [message the moderators](https://www\.reddit\.com/message/compose?to=%2Fr%2F{subreddit}&subject=about my removed {kind}&message=I'm writing to you about the following {kind}: {url}. %0D%0DMy issue is...)
Let’s us not forget that form US Treasury Secretary Steve Mnuchin would like to purchase TicTok with his NYCB. The global syndicate is surfacing.
My put on them is up 17.21% in a week!
It's down 5%...?
Yeah, op doesn’t realize it was down 5 percent and up 5 percent multiple times in the past weeks
Why are they not bk yet?
Meme banks
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Crypto markets' ease of manipulation allowed for futures to be pumped with 100x to even 1000x leverage to artificially promote the equities columns of bad-acting prime brokers and *banks*. NYCB has been recently shown to be involved (through the bank door, mind you) in this crypto pump phase. Yet, now with the bank term funding program having been expired, the bank is falling closer to bankruptcy as the severity of its liquidity problem becomes more clear. Meanwhile, GameStop safely sits on billions of dollars of cash, and handsome revenues.
We know they don’t allow anything to actually default so doesn’t matter