$GME
Want the breakdown of this insane corrupt system? Noone is really giving it but here’s my interpretation.
*Credit Suisse was heavily involved in total return swaps, and they were exposed during the Archegos collapse — many suspect some of those positions included GME and other meme stocks.
* those swaps are now part of the transferred positions to UBS,
* Normally, if you transfer swaps between entities, they would trigger compliance with current rules (like margin posting or clearing through a clearinghouse).
* If the GME swaps were uncleared, and the rules would have normally forced UBS to post collateral or unwind them during transfer
* Many GME watchers were anticipating a spike in buying around April 20, 2025, expecting swaps expiring to be closed or rolled, possibly requiring shorts to cover.
🚨 the CFTC is now waiving that requirement.🚨
* This No-Action Letter from the CFTC essentially gives regulatory forgiveness for the legacy swaps being transferred from Credit Suisse to UBS during the merger.
* UBS can keep those swaps alive without margin calls, clearinghouse scrutiny, or triggering close-outs.
* UBS may not be forced to cover anything. The swaps can just sit — off balance sheet, unreported, uncleared — indefinitely.
* This essentially gives systemic players (like UBS) the ability to delay reckoning on hidden short exposure. Retail expected a reset — instead, this ruling lets the can be kicked further down the road.
@DOGE@realDonaldTrump@DOGE_SEC@RobertKennedyJr@JDVance
IF YOU AREN’T RETWEETING THIS YOU LITERALLY DON’T CARE ABOUT HAVING YOUR MONEY STOLEN. @ryancohen@TheRoaringKitty@CEOAdam #AMC #GME @gamestop@greg16676935420
@Han_Akamatsu@GeLq8 I saw that you referenced $25 as a likely "low" where hedging would slow. Why that number? I've seen $22 as a noted floor (2x P/B) but not $25.
@KobeissiLetter Noted. Are the measures of economic growth and prosperity correct? Or should we go back to first principles? A company is judged on what it produces. An employee is judged on what she produces. An asset is judged on what it produces. The economy is judged on...what we consume? 🤔