Hedge funds and whoever else shorted to kingdom come gets liquidated to cover the shorts. Then it goes to the clearing houses, like the DTCC. Then if they don't have enough and need to be liquidated, then it goes to the fed.
The hedge funds and their management/ownership will lose everything. All their personal assets too. They will own nothing (and they'll like it, to use a communist's term).
Hedge funds and whoever else shorted to kingdom come gets liquidated to cover the shorts. Then it goes to the clearing houses, like the DTCC. Then if they don't have enough and need to be liquidated, then it goes to the fed.
The hedge funds and their management/ownership will lose everything. All their personal assets too. They will own nothing (and they'll like it, to use a communist's term).