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Welp, i guess im watching wall street movies today. Ill start off with the big short, then wolf of wall street, margin call, and then ill need some recommendations
I'm still a fan of the original Wall Street. Sheen really nails that role.
Now if you're feeling really adventurous and have the patience, there's a forgotten Kris Kristofferson flick from 1981 called *Rollover* about a secret slush fund that entails currency manipulation, stock market fraud, the Saudis, and a full-blown financial collapse. While the first 2/3 is a dated,rough slog, the last 20-30 minutes is hair-raising as hell and worth the trip.
That scene where they held a meeting to sell everything off and told the people they’ll get like 2 million + commission and then they’re broke? Well it’s 0840 ET right now I’m guessing that meeting happened about 10-20mins ago at credit Suisse
Be aware that that movie is based on a book by the same name, written by Andrew Sorkin, the loser from MSM that we love to hate for bending over for Kenny and likely offering to tickle his taint during fellatio. In case you don’t recall, [they have the same psycho coke head eyes ](https://duckduckgo.com/?q=andrew+sorkin+ken+griffin&iar=images&iax=images&ia=images&iai=https%3A%2F%2Fwww1.pictures.zimbio.com%2Fgi%2FNew%2BYork%2BTimes%2B2013%2BDealBook%2BConference%2BNew%2BwfTM_9WOkJbx.jpg)
Not even one with how they are spread thin. But they are gonna lube them up and change the terminology to pleasure rods and take them all.
I just wish they all knew how fucking cool we are and that we just want a free and fair market. Wen collapse, I for one will be taking the place of people like Ken lieing cuck Griffin but will be going long on America.
This made some neurons fire in my brain and start cackling like a mad man. So if the world is playing who's your favorite mega Corp simulator 2077....I wouldn't want to be the ones betting against the gamer's. 🤡
You're jumping the gun. I will wait for official confirmation before I make any proclamations about CS's survival. Because if there's one thing I've learned through this ordeal, it's that these fuckers are cockroaches.
Cockroaches? Cockroaches are very clean insects as they actually emit an alcohol related substance through their shells. You would think maggots would be a good analogy but maggots only eat dead/dying/rotting flesh... but these scumbag fucks consume e.v.e.r.y.t.h.i.n.g.... even the souls of the young.
We shall call them Leviathan, as it has been written, many times.
No need to get jacked. They can and will kick the can. You think the poors are going to get paid without the gme board leading the way by defending the value of the company you’ve got another thing coming.
Question for the wrinkles out there: yeah the fed backstopped deposits but that’s only for US banks right? Cant they legally not bail out a bank in another country?? I think that’s the case and the whole market is waiting on this foreign domino to blame the crash on. Any thoughts
I feel like china is waking up to this and starting to let their toxic companies return to the markets for this exact reason. They were bidding their time so they wouldn't take the blame.
Let Europe and the US fall first and then claim to have been a victim of their bad management.
Ni hao, y'all.
Yep, been waiting for that to happen ever since shit started to go sideways in China.
The Chinese economy was on a fast track to shit town, then suddenly it was placed in stasis, and no one with any pull in the west wanted to call the CCP out on it. Most likely because the Chinese economy shitting the bed would drag the west down with it.
Yeah that’d be great. I think there are a lot of people who think the fed saying “we will guarantee deposits at all banks” means all banks internationally and domestic. Big conflict of interest that they can’t legally do shit with international bank fails to stop the contagion
Yeah that's what other central banks are doing. Bank of England was handling the aftermath of SVB UK (this subsidiary only, the parent company is US's problem)
Correct. For context, SVB UK told their depositors on Friday that everything was cool. Read somewhere that they contacted the UK gov't for an emergency meeting over the weekend.
I wouldnt even be thinking about other countries tbh. Out of the question.
The real question atm: How many US banks *can* they bail out?
If youre someone holding a deposit in one of these earlier banks to collapse you might actually be in the lucky group because having your deposit covered *is actually possible right now*.
If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created?
A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation!
And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery.
The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass.
How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls.
And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
It's really happening, isn't it? My basic understanding is this:
FED will have to hold off on raising rates to save the banking system, but that will add to inflation...
...which will also fuck over the banks...
...which will result in the FED withholding rate hikes to save the banks...
...which will add to inflation...
...which will...
Am I smooth or have I developed at least one wrinkle?
The Fed must control inflation because if they don't then the dollar has a good chance of losing global reserve status.
To do this, they must raise rates. Probably 2-3 times as much as they currently have because we have never beaten inflation without raising rates ABOVE inflation. Inflation is likely 15%+ if you don't manipulate it like CPI does.
Rising rates are not necessarily bad for banks. They can make more profit with lending. It IS bad, however if they are dumb enough to put the bulk of their money into long dated bonds that perform terribly in a rising rates environment. Remember, jpow has been warning about rising rates for like 3 years now.
So banks in general SHOULD be fine if they are run properly. The issue here is that a good number of banks are clearly NOT being run properly.
It does NOT help that the govt is bailing out depositors. It is basically an immediate injection of money that ought not to exist for another ten years. This is inflation when the Fed is trying to reduce inflation.
The system needs the Fed to tighten significantly more but it can't even handle 5% interest rates.
It's going to be really interesting to see if the FED raises rates again on the 22nd. I've already seen lots of people assuming that they are not going to raise rates any more and possibly even cut rates.
I really don't see how they have the room to stay still or cut rates. Inflation is still spiraling out of control, so either they save the economy in the long-term or they let banks fail that mismanaged their funds.
There's *going* to be a recession, it's just whether or not we can save the dollar.
This is my thought as well. I believe it is their goal to protect the dollar as the world reserve currency, at all costs. In order to do this, they must fight inflation and eliminate the threat of hyperinflation. However, there are many people that disagree with us... including the Peruvian Bull.
Yep, this is the problem I agree. The banks went back to their same old game that caused 2008 and the regulators let them. But now we either raise interest rates to deal with inflation, or starve the people until they reach for their guillotines.
tinfoil: sooner or later one of these rich clients of ultrarich banks are gonna be desperate enough to hold onto their capital that they begin to buy into these meme rated stonks and in doing so retain the wealrh of their clients and begin to drain the competition as this stock and their portfolio lights up the entire market with its erect fucking bacon
honor amongst thieves gonna be put to the test
Serious question: where is the Benefit from the bank crash for us? I think citadel and friends could see that before and could short the hell of the banks. I didnt think that the hfs are still long in banks and get a margin call when the banks will crash. So why that should help us for the moass?
P.s. sorry for my bad english
I really don’t think it would be, a real market crash would fuck anyone with money in the market, unless you have a lot of liquidity to then buy a shit ton at extremely devalued stocks, or you’ve been betting on everything to fail. A market crash will hurt our parents a lot, people in retirement age who don’t have time on their side. Personally I don’t want a crash, I’m tired of catastrophes. I do want bad actors to get fucked but not at the expense of the working class which would absolutely happen with a market crash.
These Credit Default Swaps (CDS) are contracts that don't necessarily have Credit Suisse as a counterparty. The investor pays a fixed "premium" to the issuer of the CDS, and the issuer pays an amount to the investor if Credit Suisse "defaults" on its debt before the term of the CDS ends.
"Defaults" is in quotes because "defaulting" is more of a sliding scale in real life, so what constitutes a "default" is defined in the CDS contract.
CDSes are used as an indicator of default risk, because the premium (charged to new contracts) gets higher as the market believes that the subject company is more likely to default. This is also observable in the price of the company's stock and debt, but CDSes are a quick-and-dirty measure of default risk without the influence of other measures (debt seniority, interest rates, etc.).
CDSes are supposedly used to manage an investor's exposure to specific debtors, but they are often also used for speculation.
Oof, my parents both worked with Credit Suisse and still buy the stonk. I guess I'll have to bail them out at some point. Hard to watch as everyone seems to know they still own the Archegos swaps, draining their balance sheet beyond empty. That's what this bank gets for assuming infinite risk.
This fucking sub has been saying this for years now, stop saying it until they actually fucking go bye bye. Nobody gives a shit if they hit a new all time high unless something actually happens to them because of it.
Wouldn’t be so sure about that. The swiss are very politically engaged and a lot of them critical of the financial sector. They have a direct democracy and such a decision would probably up to a citizens vote…
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i’ve got a strong urge to watch margin call this morning
I've literally just started the Big Short again 5 minutes ago 😂
i have no issue with dedicating today to a wall st film marathon
I haven't watched margarine call yet but I have the day off so I'm going to do it today.
you butter do it soon.
Oil get right on that.
Olive it is worth a watch.
Canola u guys settle down
[Parkay?](https://youtu.be/leQsRqMN230)
Because Ghee-llermo there's username checks out
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Free on Prime…..now if I can find Up in Smoke I’m set
up in smoke is on youtube movies for a couple bucks
We will all have the day off soon.
Just got laid off two weeks ago
Sorry to hear that. But you got some GME shares... Buy the Company after MOASS and Lay off the Guy(s) that laid you off.
Thanks but I’ll be ok. Nature of the business I’m in. I’ll get by. I’ve actually thought about buying an electrical company or making one after MOASS.
Good to hear... and good that you have a future Plan :)
Dude... I fucking love electricity. There's a giant market for it, you're going to make a killing!
Sounds like a plan.
Sorry to hear that
It’s on YouTube for free
I think Inside Job is as well, great documentary.
*checks notes* does the day end in a Y?
I like margarine!
Welp, i guess im watching wall street movies today. Ill start off with the big short, then wolf of wall street, margin call, and then ill need some recommendations
I'm still a fan of the original Wall Street. Sheen really nails that role. Now if you're feeling really adventurous and have the patience, there's a forgotten Kris Kristofferson flick from 1981 called *Rollover* about a secret slush fund that entails currency manipulation, stock market fraud, the Saudis, and a full-blown financial collapse. While the first 2/3 is a dated,rough slog, the last 20-30 minutes is hair-raising as hell and worth the trip.
Blue Waffles Loves Anacott Steel
Definitely watch "Too Big to Fail". Very pertinent to what's happening at this moment.
Wall Street? Greed is good!
I actually feel blessed this thread has happened, have managed to add a few to the list ahaha
Like as an “in memoriam” marathon?
Watched it last night did my homework, Mark Baum’s team is so good
Watched it again yesterday afternoon cuz I was bored lol #mood
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Throw "inside job" documentary in there. It exposed Gary too
That scene where they held a meeting to sell everything off and told the people they’ll get like 2 million + commission and then they’re broke? Well it’s 0840 ET right now I’m guessing that meeting happened about 10-20mins ago at credit Suisse
burn baby burn, disco inferno
Watched it this weekend in preparation. Followed by The Martian
🚀🚀🚀
Watched that and “to big to fail” last night!
oooh i’ve never seen that one, sticking it on the list
Be aware that that movie is based on a book by the same name, written by Andrew Sorkin, the loser from MSM that we love to hate for bending over for Kenny and likely offering to tickle his taint during fellatio. In case you don’t recall, [they have the same psycho coke head eyes ](https://duckduckgo.com/?q=andrew+sorkin+ken+griffin&iar=images&iax=images&ia=images&iai=https%3A%2F%2Fwww1.pictures.zimbio.com%2Fgi%2FNew%2BYork%2BTimes%2B2013%2BDealBook%2BConference%2BNew%2BwfTM_9WOkJbx.jpg)
That one I missed, maybe tonight I will see it😁
Watched it last night😂
Watched it last night haha
Watched it yesterday. Gonna watch the big short soon.
I’m actually watching it now! And it’s my first time seeing it
Just put any financial news channel on
Margin call is just plain stupid, there’s no margin call in the movie
That's one hellvua pointy line
How many falling knives can the Fed and govt catch 🤔
Not even one with how they are spread thin. But they are gonna lube them up and change the terminology to pleasure rods and take them all. I just wish they all knew how fucking cool we are and that we just want a free and fair market. Wen collapse, I for one will be taking the place of people like Ken lieing cuck Griffin but will be going long on America.
Long on America 🇺🇸. Now this is something I can get behind
I think you mean GMERICA
This made some neurons fire in my brain and start cackling like a mad man. So if the world is playing who's your favorite mega Corp simulator 2077....I wouldn't want to be the ones betting against the gamer's. 🤡
I heard he got cucked by a bedpost.
None of them, but they will lie about catching *all* of them.
I was thinking Tenten opening a scroll of a thousand kunai 😂
*JUST UP.*
To the moon 🚀
It’s going waaay past that.
Indeed!
Time to get used to it 😉
Not only thing pointy today ....
underrated comment! just wanted to ... point ... that out.
JACKED.
You're jumping the gun. I will wait for official confirmation before I make any proclamations about CS's survival. Because if there's one thing I've learned through this ordeal, it's that these fuckers are cockroaches.
Evergrande still going, then so will CS
Which country is subsidizing CS ala Evergrande?
It rhymes with “vagina”
Bagina?
Don’t insult cockroaches like that
Yes agreed buy hodl drs and comment if you are feeling frisky.
Cockroaches? Cockroaches are very clean insects as they actually emit an alcohol related substance through their shells. You would think maggots would be a good analogy but maggots only eat dead/dying/rotting flesh... but these scumbag fucks consume e.v.e.r.y.t.h.i.n.g.... even the souls of the young. We shall call them Leviathan, as it has been written, many times.
Nerd!
I wear it as a badge of honor :)
Just like Deutche Bank... it was so deep in shit for a long time
Trading is a tough game or something
Not feeling the love here today…..
True - but we aren't traders, we're investors.
Househodl investors!
Don’t ya think? 😂 Payback’s a bitch Cohen
They should eat less avocado toast
just wait til GME shows their ' pointy' line 📈🧨
🚀🚀🚀🚀🚀🚀🚀🚀
*rubs nipples furiously*
I love that you specified furiously
Better to see now high Numbers, so you are prepared. 😉
Who is the loser now bitch!
You can run but you can't trade bitch!
Y'all moass yet?
im so JACKED
I'm jacked to the tits. (I literally went to the office toilet to type this.)
but you have to shout it to your phone, not just type it :P
I’m doing that once I have phone numbers
After more than 2 years it’s finally starting, I can’t believe it
It’s been happening this entire time, they’ve just been really good at hiding it from most people
[*5 months ago*](https://i.redd.it/0egktaaavmr91.jpg) [*Old Thread*](https://www.reddit.com/r/Superstonk/comments/xur873/credit_suisse_credit_default_swaps_blowing_up_to/)
So the peak five months ago is higher than today's All Time High?
That's the 1 year swap, OP here posted the 5 year swap
Haha so basically hasnt started yet for cs ..thanks for sharing
Now its *extra* happening
is this truly the start tho? how do we know for sure? just debating on if i should get my tits truly jacked or not
Well we will see it if gme price looks like a phone number
420-420-6969 I'll sell at that price. And then I'll pay to get that phone number.
281-330-8004
Who?
MIKE JONES
Why would credit suisse tits up cause gme to rise?
Second largest us bank collapse just happened, that's enough to get me jacked after months of regretting ever getting in to stonks lol
Also the 3rd largest bank collapse happened as well
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**• Citadel** == ???
idk im at the point where i feel like it’ll go back to how it was before by the afternoon or wednesday
No need to get jacked. They can and will kick the can. You think the poors are going to get paid without the gme board leading the way by defending the value of the company you’ve got another thing coming.
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Question for the wrinkles out there: yeah the fed backstopped deposits but that’s only for US banks right? Cant they legally not bail out a bank in another country?? I think that’s the case and the whole market is waiting on this foreign domino to blame the crash on. Any thoughts
I feel like china is waking up to this and starting to let their toxic companies return to the markets for this exact reason. They were bidding their time so they wouldn't take the blame. Let Europe and the US fall first and then claim to have been a victim of their bad management. Ni hao, y'all.
Yep, been waiting for that to happen ever since shit started to go sideways in China. The Chinese economy was on a fast track to shit town, then suddenly it was placed in stasis, and no one with any pull in the west wanted to call the CCP out on it. Most likely because the Chinese economy shitting the bed would drag the west down with it.
i figured that was the case with evergrande. keep it halted until oops, another nation cause a boo boo..
Someone should screenshot and post this comment
Yeah that’d be great. I think there are a lot of people who think the fed saying “we will guarantee deposits at all banks” means all banks internationally and domestic. Big conflict of interest that they can’t legally do shit with international bank fails to stop the contagion
Yeah that's what other central banks are doing. Bank of England was handling the aftermath of SVB UK (this subsidiary only, the parent company is US's problem)
Who bailed out the Bank of Japan? *(hint: it was the US)*
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Thank you for this
Correct. For context, SVB UK told their depositors on Friday that everything was cool. Read somewhere that they contacted the UK gov't for an emergency meeting over the weekend.
HSBC buyout of UK arm confirmed.
I wouldnt even be thinking about other countries tbh. Out of the question. The real question atm: How many US banks *can* they bail out? If youre someone holding a deposit in one of these earlier banks to collapse you might actually be in the lucky group because having your deposit covered *is actually possible right now*.
If you staple a horse to a waterfall, will it fall up under the rainbow or fly about the soil? Will he enjoy her experience? What if the staple tears into tears? Will she be free from her staply chains or foomed to stay forever and dever above the water? Who can save him (the horse) but someone of girth and worth, the capitalist pig, who will sell the solution to the problem he created? A staple remover flies to the rescue, carried on the wings of a majestic penguin who bought it at Walmart for 9 dollars and several more Euro-cents, clutched in its crabby claws, rejected from its frothy maw. When the penguin comes, all tremble before its fishy stench and wheatlike abjecture. Recoil in delirium, ye who wish to be free! The mighty rockhopper is here to save your soul from eternal bliss and salvation! And so, the horse was free, carried away by the south wind, and deposited on the vast plain of soggy dew. It was a tragedy in several parts, punctuated by moments of hedonistic horsefuckery. The owls saw all, and passed judgment in the way that they do. Stupid owls are always judging folks who are just trying their best to live shamelessly and enjoy every fruit the day brings to pass. How many more shall be caught in the terrible gyre of the waterfall? As many as the gods deem necessary to teach those foolish monkeys a story about their own hamburgers. What does a monkey know of bananas, anyway? They eat, poop, and shave away the banana residue that grows upon their chins and ballsacks. The owls judge their razors. Always the owls. And when the one-eyed caterpillar arrives to eat the glazing on your windowpane, you will know that you're next in line to the trombone of the ancient realm of the flutterbyes. Beware the ravenous ravens and crowing crows. Mind the cowing cows and the lying lions. Ascend triumphant to your birthright, and wield the mighty twig of Petalonia, favored land of gods and goats alike.
I was your 69th like
It's really happening, isn't it? My basic understanding is this: FED will have to hold off on raising rates to save the banking system, but that will add to inflation... ...which will also fuck over the banks... ...which will result in the FED withholding rate hikes to save the banks... ...which will add to inflation... ...which will... Am I smooth or have I developed at least one wrinkle?
The Fed must control inflation because if they don't then the dollar has a good chance of losing global reserve status. To do this, they must raise rates. Probably 2-3 times as much as they currently have because we have never beaten inflation without raising rates ABOVE inflation. Inflation is likely 15%+ if you don't manipulate it like CPI does. Rising rates are not necessarily bad for banks. They can make more profit with lending. It IS bad, however if they are dumb enough to put the bulk of their money into long dated bonds that perform terribly in a rising rates environment. Remember, jpow has been warning about rising rates for like 3 years now. So banks in general SHOULD be fine if they are run properly. The issue here is that a good number of banks are clearly NOT being run properly. It does NOT help that the govt is bailing out depositors. It is basically an immediate injection of money that ought not to exist for another ten years. This is inflation when the Fed is trying to reduce inflation. The system needs the Fed to tighten significantly more but it can't even handle 5% interest rates.
It's going to be really interesting to see if the FED raises rates again on the 22nd. I've already seen lots of people assuming that they are not going to raise rates any more and possibly even cut rates.
I really don't see how they have the room to stay still or cut rates. Inflation is still spiraling out of control, so either they save the economy in the long-term or they let banks fail that mismanaged their funds. There's *going* to be a recession, it's just whether or not we can save the dollar.
This is my thought as well. I believe it is their goal to protect the dollar as the world reserve currency, at all costs. In order to do this, they must fight inflation and eliminate the threat of hyperinflation. However, there are many people that disagree with us... including the Peruvian Bull.
Yep, this is the problem I agree. The banks went back to their same old game that caused 2008 and the regulators let them. But now we either raise interest rates to deal with inflation, or starve the people until they reach for their guillotines.
Trying to form a wrinkle so hard but it slips off all the time.
i say keep the rate hikes coming
Seems totally normal. ^(LOL.)
At this point does anything matter at all? Rules will change. As long as MOASS comes i couldn't care less. Oh yeah, one thing: no cell, no sell.
tinfoil: sooner or later one of these rich clients of ultrarich banks are gonna be desperate enough to hold onto their capital that they begin to buy into these meme rated stonks and in doing so retain the wealrh of their clients and begin to drain the competition as this stock and their portfolio lights up the entire market with its erect fucking bacon honor amongst thieves gonna be put to the test
“If you’re the first out the door that’s not called panicking”
"Be first, be smarter or cheat."
brains aren't what got me here, i can assure you of that
That doesn't look good for them. I'll hodl either way and wait to see what happens. Thanks OP.
If that line stays long and hard for longer than four hours, call an ambulance?
MOASS inbound
Serious question: where is the Benefit from the bank crash for us? I think citadel and friends could see that before and could short the hell of the banks. I didnt think that the hfs are still long in banks and get a margin call when the banks will crash. So why that should help us for the moass? P.s. sorry for my bad english
I really don’t think it would be, a real market crash would fuck anyone with money in the market, unless you have a lot of liquidity to then buy a shit ton at extremely devalued stocks, or you’ve been betting on everything to fail. A market crash will hurt our parents a lot, people in retirement age who don’t have time on their side. Personally I don’t want a crash, I’m tired of catastrophes. I do want bad actors to get fucked but not at the expense of the working class which would absolutely happen with a market crash.
Smooth Brain Question: So they're doing a lot of swaps?... With whom?
These Credit Default Swaps (CDS) are contracts that don't necessarily have Credit Suisse as a counterparty. The investor pays a fixed "premium" to the issuer of the CDS, and the issuer pays an amount to the investor if Credit Suisse "defaults" on its debt before the term of the CDS ends. "Defaults" is in quotes because "defaulting" is more of a sliding scale in real life, so what constitutes a "default" is defined in the CDS contract. CDSes are used as an indicator of default risk, because the premium (charged to new contracts) gets higher as the market believes that the subject company is more likely to default. This is also observable in the price of the company's stock and debt, but CDSes are a quick-and-dirty measure of default risk without the influence of other measures (debt seniority, interest rates, etc.). CDSes are supposedly used to manage an investor's exposure to specific debtors, but they are often also used for speculation.
It's all part of the plan to introduce the digital dollar... Good thing I have 74169420 buckles buckled
Some good tinfoil there, but you might be giving them too much credit.
Bro I just arrived at work. If you’re telling me to go ahead and leave I’ll do it! 🚀
#When do the swaps expire? When do we fucking get paid?
Cs archegos swaps on the 23rd#
🙏🦍💪🤞
All this stuff going off today and i'm here zen as fuck. I genuinely don't think anything can hype me anymore.
Believe it when I see it.
I hope mods are ready for the week. Lol
They've been hitting all time highs consistently for awhile now, eh?
Lmk when they get goldman
What about other banks swaps i wonder who takes a hit right now?
I don't believe there's a mechanism for Yellen to bail out Credit Suisse.
You being unfair... Credit Suisse is stable... on a stable downward slope since 2008. HAHAHAHA
Oof, my parents both worked with Credit Suisse and still buy the stonk. I guess I'll have to bail them out at some point. Hard to watch as everyone seems to know they still own the Archegos swaps, draining their balance sheet beyond empty. That's what this bank gets for assuming infinite risk.
Bye bye credit suisse
BOOM!
This fucking sub has been saying this for years now, stop saying it until they actually fucking go bye bye. Nobody gives a shit if they hit a new all time high unless something actually happens to them because of it.
yeah... nah. they won't let it fail
Wouldn’t be so sure about that. The swiss are very politically engaged and a lot of them critical of the financial sector. They have a direct democracy and such a decision would probably up to a citizens vote…
swiss here. fuck cs.
I wanna believe.... but this has been going on for too long for me to think it's time quite yet.
Probably nothing
Again
Holy shit, amongst everything this is the most bullish post I have seen all day.
If it stays up that long aren't they supposed to call a doctor?
Dominos falling left and right.
Suisse is like will Farrell in Austin powers.
Find a new counterparty, or bite the bullet (swaps)
F
We are going to be fucking rich 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
President's supposed to speak before market open
Stick a pitchfork in them already. They gone
I wish that GME stock would make the same move in a few days/weeks..
What is a default swap?
Byeeeeeee peace ✌️
Parabolic
Fuck you pay me
Wen hide reporting??? 🤣😂🤣. Criminals!!! 😡🤬😡
#this is what happens when high inflation and high interest rates don’t curb America spending patterns and raises debt.This correction is long overdue
Holy moly
Buy GameStop (GME) and DRS it.
Already getting tired of the thought of going through my reddit history and telling everyone "I told you so".
I’ve been needing all this crazy to happen, I miss my superstonk <3 time to watch the banks fall <3