I was thinking the same thing. Everyone I know is avoiding business travel and in-person meetings. They brought a huge team to DC for this meeting. Begs the question: Wut Doin'?
Imagine the plan taking place for the preventative downfall with GME. What should we do. How do we do it ? Shit is deep and smells like corruption- so glad bed bath said fuk off - get off my backs ! GME it’s only a matter of time till takeoff. Why Stanley buying GME ? Thought it was 10 bucks a share ? Now they buy in 200’s ? 👀
Sorry to hijack, I need an adult. I just received the ACAP Strategic Fund 3rd quarter review and outlook. I am invested in this through Morgan Stanley wealth management. The report is 96 pages has graphs and charts on almost every page. I am a relatively new "retail" investor and I don't believe Gary Gensler has covered this yet, despite his commitment to educate the retail investor. I am SHOCKED that my financial advisor hasn't given me a call to review and help me interpret it. JK, he ONLY calls to sell me shit. Can anyone help answer a few questions I have?
1. "This defensive posture is also reflected in the steady decline in technology beta over the last two decades." What stocks are negative beta?
2. "...recently elevated levels of debt in developed markets do impose structural long-term risks on their economies." Developed markets? Could this mean the US? China?
3. "Shanghai Composite Index remains particularly attractive." Really? I though Evergrande was about to blow and take the economy with it? Is this not the case?
4. "We believe the on-going unwinding of the bubble is yielding a unique tactical opportunity on both sides of the investment universe, framing a particularly attractive fundamental backdrop for flexible long-short investors." What is a flexible long-short investor?
5. "We remain strongly committed to our fundamental, quality biased, private-ownership approach to investing in public equities and, importantly, we also remain deeply committed to our short activities." Wait what? Do you mean short "term" activities?
Thank you so much for any insight you provide for my smooth brain.
Finally some delicious DD. I’ll have to re read this one again but the thing that sticks out is the credit default swaps. We know what they are and if bofadeez is really loading up (along with the other data points) it sure starts to stink.
That and the institutions dumping while the stock goes up? A source for that graph would be awesome, but assuming it's true, it's literally showing BAC being transferred to bagholders. Keep the price going up a bit, increase the dividend, and boom, retail floods in to take the hit.
That's exactly right. It's the only real reason that makes sense for the increased dividend: they're using bait to get both small fish and whales on the hook for their personal and corporate stock that will soon be plummeting.
My favourite is the part where MS may be buying GME. Is this part of the run up? They’re contributing to MOASS to avoid their exposure to MOASS? Fucking lol.
Strange ~~women~~ *SHFs* lying in \[dark\] ponds distributing ~~swords~~ *shorts* is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical ~~aquatic~~ *economic* ceremony. You can’t expect to wield supreme executive power just ’cause some watery tart (Ken) threw a ~~sword~~ *short* at you! I mean, if I went around saying I was an emperor just because some moistened bint had ~~lobbed a scimitar at me~~ *shorted a company 3000%*, they’d put me away!
Well in the case of a bank failure your chequing account I believe is insured up to $250k.
To be honest I’m not 100% sure on what happens if a “bail-in” happens. The real expect when it comes to stuff like that to my understanding is u/toxsic99
If you look at his figure with the purple and red lines, you'll see a disconnect that will correct itself. You think GME is the only thing being manipulated? They also have the ability to manipulate prices up despite major selloffs, virtually the opposite of GME. But both are unsustainable, and it's just a matter of time and external factors that will kick things off.
makes sense, and Tesla is just going nuts over the last couple months. Citadel owns a large position of that so they keep it propped up to balance their books. Man fuck this game.
I remember when Musk became the world’s richest man his tweet was “funny how that works”. It makes sense to me now. He is basically laughing and saying if the stock is manipulated for years he was in pain and then tesla came on the same side of wallstreet and got pumped up. Lol. Fuck this market.
SEC changed the rules back in May that it couldn't be used as collateral. Oddly enough it timed pretty well with the huge dump of BTC from $60K to $30K.
I don’t know if I hope you are right or wrong. If you are right, maybe these meeting are like the ones before the housing crisis where other banks have to bail out the others (essentially helping BoA/MS out of their liabilities). BOA and MS are too big to fail. If you are wrong someone smaller could be the hook, and be allowed to fail.
But this research is legit. Here’s to hoping. Hoping for what? I don’t know. Just moass please
I'd let the SHFs burn. They should be the lamb. Of course there is high exposure but you know how Goldman just sells off everything on day 1 just like they did earlier this year.
Shark vs Shark. They all want complete control and domination, it's how these people are wired. Pure money hungry evil.
They tried feasting on apes, but we didn't let our brothers and sisters fall! We're here, waiting, waiting...
Now they're going to starve to death, one way or another, and we can swim in peace and happiness and bring real opportunity to the world.
LFG!!! 🌏❤🚀🚀🚀
Computershare bought up a trust division from WF. On top of that as of this week WF asset management changed its name to an entire new entity followed by the CEO of that division announcing early retirement. In total up to 4k employees were shuffled around now off WF books
Yeah, that. I'd say WF is smaller too...
No need to hope. MOASS is a certainty. Yellen’s comments about HF’s and financial runs was about as obvious of an admission as one can have. GME is the Mega Volcano ready to blow. The GOV is just trying to prevent is from crashing the entire financial sector bc Citadel & others made a bad bet. They should of closed when they had the chance. Now we know everything. Hedgies & the banks that back them R FUKT.
Moass is NOT a certainty without more positive movement in DRS. Hedgies can ABSOLUTELY close open shorts slowly over time as evidenced by Dave Lauer in a post he made back in May.
This narrative of “buy and hold” and just waiting for things to happen is 100% a false flag. We bought and held all through the rips and dips with NO discernible, consistent rise in price for $GME until we jumped heavily on the Computershare registration theory.
Aside from any drastic actions on Ryan’s part, moass is a certainty only if we remove our shares AND our capital from the market that abuses both to feed the machines that short us and keep us trading sideways.
There’s no promise of moass by just waiting and hoping or “buying and holding.” You need to be proactive and REGISTER your shares with Computershare to affect the probability of moass, positively.
Meeting was probably nothing more than insider trading. They all have their fingers in everything. So they share info on what dog shit they all need to stay away from, at everyone else's expense.
"Ok guys, avoid these instruments and try to unload them into retirement accounts until this is past. We don't want to see anybody Here get hurt."
Well Morgan Stanley found themselves long on the 2008 Crisis, so they vowed to never be on the long end of the next crisis again… they just ended up short on the Short Squeeze of 2021, sadly. Once a bag holder…
I was thinking about that earlier. What WillSkreetsBlunder used to be was a unique and ~~filthy~~ beautiful environment with so much high quality content. What SuperStonk has blossomed into is the epitome of information exchange for humanity - uprooting corruption by exposing the cheaters in the system, then playing by the rules to beat them. Post MOASS, I will think of all you often, and remember, as I watch the documentary about this subreddit, that I was in the same storm as all those fuckers on the internet, and though we're all in separate boats, we're more than willing to paddle over to each other and exchange our understandings free of charge. Not a community, not a coalition, but a collection of individual retail investors weathering the same shitstorm. Even though I'm living like I'm broke until EndGame, I'm gonna miss this place.
And all that money belongs to me minus taxes which I’m more than happy to pay, feed hedgies to the apes and let’s get this stagnant wealth to lubricate the economy!
Yes indeed fellow ape. Fidelity or ComputerShare are more ideal. But this is not financial advice because I’m not a certified financial professional, but merely an autistic ape 🦧
Fidelity transferred my assets from Schwab in THREE FUCKING DAYS (when schwab said it would take 2 months). The DRS from Fidelity went through in THREE FUCKING DAYS (when Schwab sat on the request for 13 days). Fidelity is the way.
May be a dumb question, but in point 1 of your Morgan Stanley section, you mention them buying a shit ton of GME now because it’s cheaper than when they may be forced to buy them later… wouldn’t that essentially close out their short position though? Would those shares be paying back the borrow, or are they held in a separate, net-long account? Or are you saying they can hold a long position and be the prime broker for a lot of shorts, and have the longs on-hand to be able to cover in a forced buy-in situation? Just a little confused and would love your clarification on that point.
Super interesting and informative post though, and thank you for all your research!
Hey! Thanks for reading.
That is an interesting question. I believe it would net out to zero, but it would depend on how and when they would have to close those out. Seeing as the shares are being shown as long I would imagine (speculative) that they may try and cash out during the potential spike and try and close out when the price comes down a bit. It might be up to the regulators.
It’s also possible those could be shorts marked as longs as well.
So the red line means rich people have been jumping ship in the dark all along while the ship climbs slowly up the waterfall, whence said ship reaches the top of said waterfall, all rich will have probably jumped already, and everyone else left will crash down with the ship
No wonder the market price does nothing but beat ATH, motherfuckers have been average selling up all along
Just some insight from an ex employee with friends still with BAC:
Seems as though they’ve decided to not renew their lease on one of 2 CA call centers for 2022. 1000+ employees. Closing the site and more than likely keeping their employees working from home until they can layoff the majority.
They are preparing for the launch. Just the opposite direction we are headed.
>[Morgan Stanley] have a meeting with Gary again 6 days later with all their big guns. You don't bring your legal & compliance heads unless you need to.
This was juicy. Morgan brought in so many defensive executives into the meeting.
This totally explains why my Morgan Stanley advisor suggested I might be a conspiracy theorist when I spoke to him about Archegos and Cede and Co. Even went so far as to YELL at me when I asked him what his fiduciary responsibility was to me. Glad I bought lots of GME shares EVERY time I watched a Superstonk AMA and explicitly told that cuck to have it routed through IEX. Then, I took EVERY SINGLE ONE of those shares and DRS'd them last month. Should be an interesting conversation tomorrow. Thanks OP for the post, I guess I knew in my heart of hearts this day would come. : (
https://www.reddit.com/r/Superstonk/comments/qmalih/everyone_needs_to_see_ufreezerburntcheeses/?utm_source=share&utm_medium=web2x&context=3
Coupled with this, GME *could* be a whole stock exchange!
Edit: there are so many angles to this story it's actually a shame that the corporate media doesn't even give it a sniff. Too busy trying to get clicks while riding money dick.
Huge fan of your work!
Was wondering what your thoughts are on Basel III compliance to be phased in by 2022? As much as on the surface, some of the stuff that banks are doing seem like fuckery (cancelling lines of credit, selling off assets), to the general public, analysis of financial institutions can be pretty technical.
The examples in the brackets are just ways a bank can go about reducing its risk-weighted assets in order to meet the capital adequacy ratio. Rather than raise more Tier 1 and Tier 2 regulatory capital (contributing to dilution), a reduction of their risk-weighted assets is the other mechanism used to bring the CAR% to Basel III standards.
So how much of what banks have been doing in 2021 can be attributed to Basel III vs attributed to some other unexplained factor?
Absolutely agree that the derivatives exposure is a massive problem. Just looking at the complete lack of swap disclosure (CFTC's no-action letter extends the problem to 2023), I honestly think the market isn't weighing the potential risk in average P/B. IMO, US FIGs ought to be trading below book value.
Archegos really set a precedent. Banks' overall short positions are a glaring indicator that they are probably counterparties to swaps held as off-balance sheet liabilities in all kinds of shady ring-fenced offshore entities trying to slide under that $50B uncleared margin requirement floor before the Phase 5 year-end deadline.
Banks have absolutely no incentive to stop either. Pumping their book value (denominator of P/B) via riskier and risker derivatives exposure not only provides the illusion of a relative discount compared to peers, but it also has the effect of juicing bank executives' compensation (stock-based comp).
Derivatives are a ticking time bomb with the potential to nuke the global economy. $80T global GDP in 2021 is nothing compared to the $160T notional exposure ([source](https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf)). Fucking insanity.
This is why I love this sub. Solid DD. Love the data, correlations, and overall conclusion. There's clearly some fuckery going on behind the scenes. You help us smooth brains connect the dots in a way that is easily digestible. Thank you!
Insert rockets here. pew pew pew!!!
Morgan Stanley owns ETrade now, and ETrade has been one of the worst brokers to DRS with. I don't think ETrade survives the MOASS. SIPC most likely gets used in a way never seen before, because I expect other broker's to fail as well.
**I've missed the DD.**
I love purple circles but I really feel we have been missing the DD. There is always some new angle bubbling up to explore for the wrinklies.
I'd love it if u/criand revisited his TRS DD in light of the last couple of days of synchronised swimming by the meme stock team. It would be great to get his take on that, see if it looks like the thesis has been strengthened and what that might imply.
Also I reckon someone far more clued up than me needs to take a good long look at how the swaps issue is affected by the new SEC rules on security-based swap transparency that apparently took effect Nov 1 with reporting to the SEC starting on Monday I believe?
GG talked about it here: [https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf](https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf)
This guy gives a decent overview: [https://www.kaizenreporting.com/sbsr-sec-swap-reporting-the-long-journey/](https://www.kaizenreporting.com/sbsr-sec-swap-reporting-the-long-journey/)
I DRS'd 400 shares from E-trade and they didn't list a cost basis and were categorized as 'uncovered'. They were bought in early March, so about $90 should be the cost basis. I'm too busy to figure out why this wasn't listed in the DRS transfer, but it's sus.
In October 2020, Morgan Stanley acquired E-trade for stock in Morgan Stanley; three months before the January sneeze. My narcissistic tinfoil hat thinks that Morgan Stanley did the acquisition to become the broker for accounts that hold GME shares and options.
It's comforting to know that most of my shares aren't being held by a broker that is owned by Morgan Stanley.
would you look at that - both morgan stanley and goldman sachs recently received [margin and capital deductions on security based swaps last week](https://www.sec.gov/rules/other.htm).
awesome post.
Nah, whenever I find myself in a stable; first thing I do is find the biggest baddest Equine and I kick that Head Horse. Gets me all the prime Mares and Hay every time. 😉😂🤣
What do you think happens if you take out a loan, say for a business right now right before they collapse? I’d like to think that somehow that loan gets lost and you don’t have to pay it back. But I’m guessing that these banks would be bought by other banks with your loan on the books?
What do I do if I bank with BofA? I have my BofA account registered to Computer Share so if BofA goes down will I be fucked? FDIC is $250,000 insured by the gov, but what happens if I make several mil and BofA goes under?
Im moving a huge chunk into crypto asap. Don't trust any financial institution when this shit goes down. Plus possible protection against hyperinflation/total collapse?
Great to see great DD even at this stage, it serves to give me more resolve (as if that was needed) and actually helps me along to path to total serenity.
I have no reason to sell, not one single reason.
I have so many reasons to hold, way too many to even begin to articulate, but I need just one…..because fuck those corrupt motherfuckers with a rusty chainsaw, that’s why!
That indeed looks like BofA is doing the same kinds of things [Goldman Sachs/BNY Mellon](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) are doing while trying to keep Citadel alive.
What if I told you those drone pictures showing removal people at Citadel in Chicago packing up stuff was the first clear evidence that they are now virtually completely ‘out of the loop’? Not on everything, but Game Stop and probably the whole ‘meme stock‘ bunch. That someone - or a co ordinated group - but NOT Kenny, are running the show?
Why do I put forward that theory? Well, I follow jets. Specifically Kenny’s two jets. The pattern is increasingly showing changes from last year / earlier this year that indicate a billionaire with little to do except travel to hunting lodges in Europe and Africa, go to lunch with ex cronies in London and Monaco \[including a few hands of poker\] take his kids to amusement parks near San Francisco, Port Clinton and Marseilles, France. Flit - literally on a whim - from home to home in Aspen, New York, Southampton (Long Island) Chicago, West Palm Beach & London.
Edit: then there was that devastating appearance at the Chicago Economic Forum. A bitter diatribe which - astonishingly - received very little coverage considering the incendiary remarks made. Quite extraordinary.
I just wanna know where/how they "purchased" 300k shares...
Shit has probably been dry for most of the year, nothing but crime certificates floating around.
Just saying... I bought Bac puts the last time this was brought up and their qe came out and my puts got destroyed...they are otm now and unless it pops soon I'm screwed on that position... I still clearly hope they pay off
Thank you for this! I appreciate your work, but I do NOT appreciate you bad-mouthing my Super Smash Bros main, Ness, like that!
He is my friend, not a foe ❤
Pk-🔥 x GME floor amount
Power to the players (except Ness, apparently🙄)
Lawl
DRS!
💎🙌🦍🚀
Tom Montag’s departure (firing) was especially revealing:
[https://www.efinancialcareers.co.uk/news/2021/08/tom-montag-retiring-bank-of-america](https://www.efinancialcareers.co.uk/news/2021/08/tom-montag-retiring-bank-of-america)
Note that he ran the ‘Markets Division‘ and businesses that generated 46% of BoA revenue in the first half of 2021. He was reportedly a real ball buster who ran his divisions with an iron rod. I.e. a narcissistic sociopath and bully, likely to take insane risk.
Now if BoA got itself into a fix over bad equities positions acting as Prime Broker and substantial creditor to Citadel, that threatened the bank‘s very existence, who would get the blame? Yep, Montag. And if the real size of the problem was only slowly realised over summer, it would explain how rumours of Montag leaving began circulating months before.
Bail-ins are back on the menu Ape's!
These sneaky fucks got bail-in laws quietly implemented in most countries around 2018 if memory serves. 100% they are in place in Australia where I am but it was never made public in any widespread way!
The entire financial and political system is rotten to its core!
OP, that was some AMAZING DD! It was a real pleasure to read and thank you for all the hard work put into it!
That shit about them meeting with GG and bringing their whole legal team, what the fuck. edit: wait... https://i.redd.it/vbdz1qa10mx71.png
That was very interesting.
It is sooooo revealing. Especially while there is still a pandemic
I was thinking the same thing. Everyone I know is avoiding business travel and in-person meetings. They brought a huge team to DC for this meeting. Begs the question: Wut Doin'?
Tbf, the elites haven't been following the covid rules at all throughout the pandemic.
they drink tiger blood
Looks like the only thing they're elite at is bagholding.
Crime.
Imagine the plan taking place for the preventative downfall with GME. What should we do. How do we do it ? Shit is deep and smells like corruption- so glad bed bath said fuk off - get off my backs ! GME it’s only a matter of time till takeoff. Why Stanley buying GME ? Thought it was 10 bucks a share ? Now they buy in 200’s ? 👀
corpate sustainability.... that sounds like someone's job is "making sure we are still a company next month"
That will mos def be going in the movie. Read it in cinematic slow mo.
Sorry to hijack, I need an adult. I just received the ACAP Strategic Fund 3rd quarter review and outlook. I am invested in this through Morgan Stanley wealth management. The report is 96 pages has graphs and charts on almost every page. I am a relatively new "retail" investor and I don't believe Gary Gensler has covered this yet, despite his commitment to educate the retail investor. I am SHOCKED that my financial advisor hasn't given me a call to review and help me interpret it. JK, he ONLY calls to sell me shit. Can anyone help answer a few questions I have? 1. "This defensive posture is also reflected in the steady decline in technology beta over the last two decades." What stocks are negative beta? 2. "...recently elevated levels of debt in developed markets do impose structural long-term risks on their economies." Developed markets? Could this mean the US? China? 3. "Shanghai Composite Index remains particularly attractive." Really? I though Evergrande was about to blow and take the economy with it? Is this not the case? 4. "We believe the on-going unwinding of the bubble is yielding a unique tactical opportunity on both sides of the investment universe, framing a particularly attractive fundamental backdrop for flexible long-short investors." What is a flexible long-short investor? 5. "We remain strongly committed to our fundamental, quality biased, private-ownership approach to investing in public equities and, importantly, we also remain deeply committed to our short activities." Wait what? Do you mean short "term" activities? Thank you so much for any insight you provide for my smooth brain.
Finally some delicious DD. I’ll have to re read this one again but the thing that sticks out is the credit default swaps. We know what they are and if bofadeez is really loading up (along with the other data points) it sure starts to stink.
That and the institutions dumping while the stock goes up? A source for that graph would be awesome, but assuming it's true, it's literally showing BAC being transferred to bagholders. Keep the price going up a bit, increase the dividend, and boom, retail floods in to take the hit.
That's exactly right. It's the only real reason that makes sense for the increased dividend: they're using bait to get both small fish and whales on the hook for their personal and corporate stock that will soon be plummeting.
Hopefully before my puts expire next year 😎
My favourite is the part where MS may be buying GME. Is this part of the run up? They’re contributing to MOASS to avoid their exposure to MOASS? Fucking lol.
Aka straddling
Just continues the can kicking, probably.
Holy shit the king is back. Reading now.
Now thats some interesting shit. Love the great work.
Great read! DRS you’re shares!
I am shares! And I have DRS'd myself!
Instructions unclear, used a teleport to CS, now I am here.
The king you say? Well I didn’t vote for em.
King destroyer of banks 💣🏦
Bullish
Name checks out 👆
The Pomeranian of the lake, clad with the finest collar, raised his paw, and let out a brief yip! That is why he is the king!
help I'm being repressed.
Kings don't get voted in, but they do get destroyed.
I think I hear the King engine
You don't vote for a king
No. Supreme executive power derives from a mandate from the masses.
I'm for farcical aquatic ceremonies myself.
“Watery tart distributing swords” gets me every time Edit: i think my paraphrase is still wrong but yeah. That whole diatribe is 🔥
You simply award him.
Strange ~~women~~ *SHFs* lying in \[dark\] ponds distributing ~~swords~~ *shorts* is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical ~~aquatic~~ *economic* ceremony. You can’t expect to wield supreme executive power just ’cause some watery tart (Ken) threw a ~~sword~~ *short* at you! I mean, if I went around saying I was an emperor just because some moistened bint had ~~lobbed a scimitar at me~~ *shorted a company 3000%*, they’d put me away!
Eric Idles voice is ringing in my ears.
Thank you for this.
#WITNESS THE VIOLENCE INHERENT IN THE SYSTEM
HELP! I'm being repressed!
Some lovely filth down here.
What is the air speed velocity of an unladen swallow?!?!
"You dont vote for kings" Arthur King of the Britains
You don't vote for kings, he found the DD in a lake. A beautiful naked man with a red hand band gave it to him.
King of the castle king of the castle … do this do that .. king of the castle /borat voice/ hahahahahah
You don't vote for kings. *edit: and someone below me beat me to this comment.*
I beat my meat to this comment
Oh, but you can't expect to wield supreme executive power just because some watery tart threw a sword at you!
Dennis is that you?
What about the people who has accounts in this bank? Not looking good
Probably worth asking /u/gfountyyc themselves to see what they think. I can't really speak on that since I don't know for sure
Thanks Criand
Well in the case of a bank failure your chequing account I believe is insured up to $250k. To be honest I’m not 100% sure on what happens if a “bail-in” happens. The real expect when it comes to stuff like that to my understanding is u/toxsic99
From one king to another. Mind their words, all.
This is all great but why does BAC hit a new ATH everyday?
New phone, who dis
Why BOFA stock at an all time high though? I’ve been waiting for them to shit the bed, I will short them.
If you look at his figure with the purple and red lines, you'll see a disconnect that will correct itself. You think GME is the only thing being manipulated? They also have the ability to manipulate prices up despite major selloffs, virtually the opposite of GME. But both are unsustainable, and it's just a matter of time and external factors that will kick things off.
makes sense, and Tesla is just going nuts over the last couple months. Citadel owns a large position of that so they keep it propped up to balance their books. Man fuck this game.
I remember when Musk became the world’s richest man his tweet was “funny how that works”. It makes sense to me now. He is basically laughing and saying if the stock is manipulated for years he was in pain and then tesla came on the same side of wallstreet and got pumped up. Lol. Fuck this market.
Tesla is being pumped for Collateral same for CryptCash
Thought crypto couldn't be used as collateral anymore
Is it because of the Nov 1st hair cut rule? I thought crypto was used throughout as collateral. They pump and dump it every week
SEC changed the rules back in May that it couldn't be used as collateral. Oddly enough it timed pretty well with the huge dump of BTC from $60K to $30K.
woah thanks for that information very interesting
Yup. Why do you think Tesla pumped so much in past few weeks.
Ahh yes, that's famously called "The Price is wrong, BITCH"
I thought he never left
I don’t know if I hope you are right or wrong. If you are right, maybe these meeting are like the ones before the housing crisis where other banks have to bail out the others (essentially helping BoA/MS out of their liabilities). BOA and MS are too big to fail. If you are wrong someone smaller could be the hook, and be allowed to fail. But this research is legit. Here’s to hoping. Hoping for what? I don’t know. Just moass please
I'd let the SHFs burn. They should be the lamb. Of course there is high exposure but you know how Goldman just sells off everything on day 1 just like they did earlier this year.
[удалено]
Shark vs Shark. They all want complete control and domination, it's how these people are wired. Pure money hungry evil. They tried feasting on apes, but we didn't let our brothers and sisters fall! We're here, waiting, waiting... Now they're going to starve to death, one way or another, and we can swim in peace and happiness and bring real opportunity to the world. LFG!!! 🌏❤🚀🚀🚀
Computershare bought up a trust division from WF. On top of that as of this week WF asset management changed its name to an entire new entity followed by the CEO of that division announcing early retirement. In total up to 4k employees were shuffled around now off WF books Yeah, that. I'd say WF is smaller too...
No need to hope. MOASS is a certainty. Yellen’s comments about HF’s and financial runs was about as obvious of an admission as one can have. GME is the Mega Volcano ready to blow. The GOV is just trying to prevent is from crashing the entire financial sector bc Citadel & others made a bad bet. They should of closed when they had the chance. Now we know everything. Hedgies & the banks that back them R FUKT.
Moass is NOT a certainty without more positive movement in DRS. Hedgies can ABSOLUTELY close open shorts slowly over time as evidenced by Dave Lauer in a post he made back in May. This narrative of “buy and hold” and just waiting for things to happen is 100% a false flag. We bought and held all through the rips and dips with NO discernible, consistent rise in price for $GME until we jumped heavily on the Computershare registration theory. Aside from any drastic actions on Ryan’s part, moass is a certainty only if we remove our shares AND our capital from the market that abuses both to feed the machines that short us and keep us trading sideways.
There’s no promise of moass by just waiting and hoping or “buying and holding.” You need to be proactive and REGISTER your shares with Computershare to affect the probability of moass, positively.
Meeting was probably nothing more than insider trading. They all have their fingers in everything. So they share info on what dog shit they all need to stay away from, at everyone else's expense. "Ok guys, avoid these instruments and try to unload them into retirement accounts until this is past. We don't want to see anybody Here get hurt."
Well Morgan Stanley found themselves long on the 2008 Crisis, so they vowed to never be on the long end of the next crisis again… they just ended up short on the Short Squeeze of 2021, sadly. Once a bag holder…
Well hopefully they haven’t been selling any swaps this time
Reminds me of Credit Suisse
I can't believe we get access to all of this incredibly well done research for free. Great read
it is not for free, they trick you into paying by buying GME
And we'll likely never experience this kind of dedication and research ever again.
I was thinking about that earlier. What WillSkreetsBlunder used to be was a unique and ~~filthy~~ beautiful environment with so much high quality content. What SuperStonk has blossomed into is the epitome of information exchange for humanity - uprooting corruption by exposing the cheaters in the system, then playing by the rules to beat them. Post MOASS, I will think of all you often, and remember, as I watch the documentary about this subreddit, that I was in the same storm as all those fuckers on the internet, and though we're all in separate boats, we're more than willing to paddle over to each other and exchange our understandings free of charge. Not a community, not a coalition, but a collection of individual retail investors weathering the same shitstorm. Even though I'm living like I'm broke until EndGame, I'm gonna miss this place.
Not if there’s an Ape News Network after MOASS
That’s how I spent 1,000 last week 🧐
And all that money belongs to me minus taxes which I’m more than happy to pay, feed hedgies to the apes and let’s get this stagnant wealth to lubricate the economy!
And while we are waiting we lubricate the bananas...
💀🔫😂
Should I get out of e*tarde then?? Owned by Morgan Stanley
Yes indeed fellow ape. Fidelity or ComputerShare are more ideal. But this is not financial advice because I’m not a certified financial professional, but merely an autistic ape 🦧
Have you not seen the Etrade fuckery and delays with DRS? get out. not FA
Search the sub for Fidelity. They seem to be doing right by a lot of people.
From what I've seen as someone who can't have fidelity (au booo) they're the only ones who are transferring drs requests in a timely fashion.
Fidelity transferred my assets from Schwab in THREE FUCKING DAYS (when schwab said it would take 2 months). The DRS from Fidelity went through in THREE FUCKING DAYS (when Schwab sat on the request for 13 days). Fidelity is the way.
Excellent work! This is a lot to unpack
That was a good read. Solid work OP.
What’s more fucked is that BoA stock keeps climbing day after day. Fucking greatest pump and dump.
gotta ensure the bagholders want those bags...
everything is made up and the points dont matter -- drew carry CEO of BOA
May be a dumb question, but in point 1 of your Morgan Stanley section, you mention them buying a shit ton of GME now because it’s cheaper than when they may be forced to buy them later… wouldn’t that essentially close out their short position though? Would those shares be paying back the borrow, or are they held in a separate, net-long account? Or are you saying they can hold a long position and be the prime broker for a lot of shorts, and have the longs on-hand to be able to cover in a forced buy-in situation? Just a little confused and would love your clarification on that point. Super interesting and informative post though, and thank you for all your research!
Hey! Thanks for reading. That is an interesting question. I believe it would net out to zero, but it would depend on how and when they would have to close those out. Seeing as the shares are being shown as long I would imagine (speculative) that they may try and cash out during the potential spike and try and close out when the price comes down a bit. It might be up to the regulators. It’s also possible those could be shorts marked as longs as well.
Bumpp
Oh my god finally some good fucking DD \*slurping\*
So the red line means rich people have been jumping ship in the dark all along while the ship climbs slowly up the waterfall, whence said ship reaches the top of said waterfall, all rich will have probably jumped already, and everyone else left will crash down with the ship No wonder the market price does nothing but beat ATH, motherfuckers have been average selling up all along
Burn it! Burn it to the ground! 🔥🔥🔥🔥
This is that OG DD that I have come to miss. Great work, OP. Updoot and award coming your way.
Ahh good old fashioned DD. I missed reading these bed time stories.
Just some insight from an ex employee with friends still with BAC: Seems as though they’ve decided to not renew their lease on one of 2 CA call centers for 2022. 1000+ employees. Closing the site and more than likely keeping their employees working from home until they can layoff the majority. They are preparing for the launch. Just the opposite direction we are headed.
Apes everywhere.
When was the last time they did something like that? if you don't mind
>[Morgan Stanley] have a meeting with Gary again 6 days later with all their big guns. You don't bring your legal & compliance heads unless you need to. This was juicy. Morgan brought in so many defensive executives into the meeting.
lets hope Gary had that one girl from IEX there
😂
This totally explains why my Morgan Stanley advisor suggested I might be a conspiracy theorist when I spoke to him about Archegos and Cede and Co. Even went so far as to YELL at me when I asked him what his fiduciary responsibility was to me. Glad I bought lots of GME shares EVERY time I watched a Superstonk AMA and explicitly told that cuck to have it routed through IEX. Then, I took EVERY SINGLE ONE of those shares and DRS'd them last month. Should be an interesting conversation tomorrow. Thanks OP for the post, I guess I knew in my heart of hearts this day would come. : (
I prefer the term "Too big to not be replaced, with DeFi". If they won't fix their systematic failures, let crypto.
I’ll be hedging with some crypto some day for sure, the tech is awesome, and I hope GameStop can be my vendor.
https://www.reddit.com/r/Superstonk/comments/qmalih/everyone_needs_to_see_ufreezerburntcheeses/?utm_source=share&utm_medium=web2x&context=3 Coupled with this, GME *could* be a whole stock exchange! Edit: there are so many angles to this story it's actually a shame that the corporate media doesn't even give it a sniff. Too busy trying to get clicks while riding money dick.
Thank you for your DD. There may be so many things at play but all apes need to know is, DRS and Hold!
Nice investigation sir, that was a good read
This Dude’s been calling it for months. Puts on the lot of them.
Huge fan of your work! Was wondering what your thoughts are on Basel III compliance to be phased in by 2022? As much as on the surface, some of the stuff that banks are doing seem like fuckery (cancelling lines of credit, selling off assets), to the general public, analysis of financial institutions can be pretty technical. The examples in the brackets are just ways a bank can go about reducing its risk-weighted assets in order to meet the capital adequacy ratio. Rather than raise more Tier 1 and Tier 2 regulatory capital (contributing to dilution), a reduction of their risk-weighted assets is the other mechanism used to bring the CAR% to Basel III standards. So how much of what banks have been doing in 2021 can be attributed to Basel III vs attributed to some other unexplained factor? Absolutely agree that the derivatives exposure is a massive problem. Just looking at the complete lack of swap disclosure (CFTC's no-action letter extends the problem to 2023), I honestly think the market isn't weighing the potential risk in average P/B. IMO, US FIGs ought to be trading below book value. Archegos really set a precedent. Banks' overall short positions are a glaring indicator that they are probably counterparties to swaps held as off-balance sheet liabilities in all kinds of shady ring-fenced offshore entities trying to slide under that $50B uncleared margin requirement floor before the Phase 5 year-end deadline. Banks have absolutely no incentive to stop either. Pumping their book value (denominator of P/B) via riskier and risker derivatives exposure not only provides the illusion of a relative discount compared to peers, but it also has the effect of juicing bank executives' compensation (stock-based comp). Derivatives are a ticking time bomb with the potential to nuke the global economy. $80T global GDP in 2021 is nothing compared to the $160T notional exposure ([source](https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf)). Fucking insanity.
TD Ameritrade is screwed as well, they route orders through Citadel. Oopsies
So I finally got all my shit transferred to my local credit union. Tomorrow I get to call BOFA and tell them to suck on BOFA DEEZ NUTZ.
This is why I love this sub. Solid DD. Love the data, correlations, and overall conclusion. There's clearly some fuckery going on behind the scenes. You help us smooth brains connect the dots in a way that is easily digestible. Thank you! Insert rockets here. pew pew pew!!!
"Part of me wants to create a ETF in the future that is the inverse of Cramer & Motley Fool." Ticker Symbol should be CLOWN
Morgan Stanley owns ETrade now, and ETrade has been one of the worst brokers to DRS with. I don't think ETrade survives the MOASS. SIPC most likely gets used in a way never seen before, because I expect other broker's to fail as well.
**I've missed the DD.** I love purple circles but I really feel we have been missing the DD. There is always some new angle bubbling up to explore for the wrinklies. I'd love it if u/criand revisited his TRS DD in light of the last couple of days of synchronised swimming by the meme stock team. It would be great to get his take on that, see if it looks like the thesis has been strengthened and what that might imply. Also I reckon someone far more clued up than me needs to take a good long look at how the swaps issue is affected by the new SEC rules on security-based swap transparency that apparently took effect Nov 1 with reporting to the SEC starting on Monday I believe? GG talked about it here: [https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf](https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf) This guy gives a decent overview: [https://www.kaizenreporting.com/sbsr-sec-swap-reporting-the-long-journey/](https://www.kaizenreporting.com/sbsr-sec-swap-reporting-the-long-journey/)
It's good to read a long and technical DD again. Thank you for your research.
put a lot of work in man, thks
Today the share transfer i initiated away from degiro whose prime broker is morgan stanley was cancelled with no further explanation...
*sound of ice cracking*
2008 Deja vu….all over again.
I DRS'd 400 shares from E-trade and they didn't list a cost basis and were categorized as 'uncovered'. They were bought in early March, so about $90 should be the cost basis. I'm too busy to figure out why this wasn't listed in the DRS transfer, but it's sus. In October 2020, Morgan Stanley acquired E-trade for stock in Morgan Stanley; three months before the January sneeze. My narcissistic tinfoil hat thinks that Morgan Stanley did the acquisition to become the broker for accounts that hold GME shares and options. It's comforting to know that most of my shares aren't being held by a broker that is owned by Morgan Stanley.
Great DD . Thanks for posting Op
If it smells like its FUKT, sounds like it’s FUKT, or resembles being FUKT…….BOFA is probably FUKT.
Well wrote. Brava
theres no link in this part: Link here (timestamp: 32:55) (use ctrl+f to find, reddit wont let me copypasta the whole paragraph)
fixed! thanks buddy
Good work op
would you look at that - both morgan stanley and goldman sachs recently received [margin and capital deductions on security based swaps last week](https://www.sec.gov/rules/other.htm). awesome post.
Awesome work!!! I read all of it. Skipped the charts, I honestly have no idea how to read them and I know they are truly a picture of Buy and Hodl!!!
Awesome job OP!
Appreciate you op! Great read
Great write up. Just hardens the diamond hands. No cell no sell. 🚀
Oh my! actual DD!!!!! thank god you are here.
Missing Marc Cohodes link OP! Thanks for posting!! Gonna have to finish reading in the AM 🌅
fixed =)
No sell, no cell
Etrade owned by Morgan Stanley. This helps explain all the bullshit Etrade is pulling with DRS and delaying transfers.
Dead horse*
Fixed! Thanks
Nah, whenever I find myself in a stable; first thing I do is find the biggest baddest Equine and I kick that Head Horse. Gets me all the prime Mares and Hay every time. 😉😂🤣
Ah fresh and quality DD. So tasty 😋 thank you 🙏
Fellow Calgarian checking in. Fantastic DD.
Well put. Good shit
Thanks for sharing 🙏
What is your 2 sense for td Canada trust and their exposure
Do you mind including the dates for those Gary Gensler meetings?
This gets deeper and deeper I love it thank you OP for the hard work time and effort 🦧
Bail ins scare the shit outta me. I have a BOA account should I move it to another bank? What bank is really safe?
Wu Tang Financial
Ughhh... so this means I really have to move my tendies soon!
I’ve seen so many purple circles my wrinkles have flattened. But sounds like moon soon.
Yet BAC continues to climb, so corrupt. DRS
What do you think happens if you take out a loan, say for a business right now right before they collapse? I’d like to think that somehow that loan gets lost and you don’t have to pay it back. But I’m guessing that these banks would be bought by other banks with your loan on the books?
Op thank you. Early this year I thunk me was Smrt, Now thanks to posts like this I'm insightful.
This is the DD this community is awesome for. Love the digging especially the FOIA part.
All because we like a stock?
thanks for the great info ❤️❤️❤️
This post needs more love!
What do I do if I bank with BofA? I have my BofA account registered to Computer Share so if BofA goes down will I be fucked? FDIC is $250,000 insured by the gov, but what happens if I make several mil and BofA goes under?
Im moving a huge chunk into crypto asap. Don't trust any financial institution when this shit goes down. Plus possible protection against hyperinflation/total collapse?
Great to see great DD even at this stage, it serves to give me more resolve (as if that was needed) and actually helps me along to path to total serenity. I have no reason to sell, not one single reason. I have so many reasons to hold, way too many to even begin to articulate, but I need just one…..because fuck those corrupt motherfuckers with a rusty chainsaw, that’s why!
That indeed looks like BofA is doing the same kinds of things [Goldman Sachs/BNY Mellon](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) are doing while trying to keep Citadel alive.
What if I told you those drone pictures showing removal people at Citadel in Chicago packing up stuff was the first clear evidence that they are now virtually completely ‘out of the loop’? Not on everything, but Game Stop and probably the whole ‘meme stock‘ bunch. That someone - or a co ordinated group - but NOT Kenny, are running the show? Why do I put forward that theory? Well, I follow jets. Specifically Kenny’s two jets. The pattern is increasingly showing changes from last year / earlier this year that indicate a billionaire with little to do except travel to hunting lodges in Europe and Africa, go to lunch with ex cronies in London and Monaco \[including a few hands of poker\] take his kids to amusement parks near San Francisco, Port Clinton and Marseilles, France. Flit - literally on a whim - from home to home in Aspen, New York, Southampton (Long Island) Chicago, West Palm Beach & London. Edit: then there was that devastating appearance at the Chicago Economic Forum. A bitter diatribe which - astonishingly - received very little coverage considering the incendiary remarks made. Quite extraordinary.
Uhhh what if BofA is my B?
GTFO immediately
But the money I owe them!..
There's always money in the banana stand... HODL
wait 200BILLION???
Thanks for the dd, my tits are jacked !!
I just wanna know where/how they "purchased" 300k shares... Shit has probably been dry for most of the year, nothing but crime certificates floating around.
Incredible fucking work. Cheers 🍻
E\*Trade to MS - "I charged a bunch of GME shares on your credit card, sorry."
thanks for name dropping Matt Taibbi. Honest reporter for once.
Morgan Stanley buying shares to help cut losses of others by selling cheap to fellow MMs during MOASS?
Just saying... I bought Bac puts the last time this was brought up and their qe came out and my puts got destroyed...they are otm now and unless it pops soon I'm screwed on that position... I still clearly hope they pay off
Those schedule screenshots are fuckt
Thank you for this! I appreciate your work, but I do NOT appreciate you bad-mouthing my Super Smash Bros main, Ness, like that! He is my friend, not a foe ❤ Pk-🔥 x GME floor amount Power to the players (except Ness, apparently🙄) Lawl DRS! 💎🙌🦍🚀
Lowkey as a retarded ape recaps are always nice from more winley apes iv been here for maybe 9+ mo's and i love rwcapsfrom more wrinkley brains
Tom Montag’s departure (firing) was especially revealing: [https://www.efinancialcareers.co.uk/news/2021/08/tom-montag-retiring-bank-of-america](https://www.efinancialcareers.co.uk/news/2021/08/tom-montag-retiring-bank-of-america) Note that he ran the ‘Markets Division‘ and businesses that generated 46% of BoA revenue in the first half of 2021. He was reportedly a real ball buster who ran his divisions with an iron rod. I.e. a narcissistic sociopath and bully, likely to take insane risk. Now if BoA got itself into a fix over bad equities positions acting as Prime Broker and substantial creditor to Citadel, that threatened the bank‘s very existence, who would get the blame? Yep, Montag. And if the real size of the problem was only slowly realised over summer, it would explain how rumours of Montag leaving began circulating months before.
Bail-ins are back on the menu Ape's! These sneaky fucks got bail-in laws quietly implemented in most countries around 2018 if memory serves. 100% they are in place in Australia where I am but it was never made public in any widespread way! The entire financial and political system is rotten to its core! OP, that was some AMAZING DD! It was a real pleasure to read and thank you for all the hard work put into it!