20 Gamestop and why I don't give shit posted 3 years ago by Stormbringer1966 3 years ago by Stormbringer1966 +22 / -2 41 comments share 41 comments share save hide report block hide replies
Haha, sure. That's why <<they>> didn't even allow you to buy today on apps like Robinhood. But that's the best they could come up with.
Panic.
Well, if I understood the situation correctly, if lots of people hold and Melvin can't close out their positions, it'll go into bankrupcy and their assets will be liquidated. If they can't still afford it, the broker will have to cover the losses.
And if the broker can't, the banks will.
Things can get real bad here.