My question is: What stops them from just invalidating GME as a stock to get themselves out of this? One day you could go to look at your portfolio and GME isn’t there anymore, like it never existed. All the banks could go along with it, and all of Wall Street. Sure people on the Internet would complain but they would just call them conspiracy theorists and the stock had to be invalidated because “muh threat to democracy” or whatever. Lawsuits would be filed but judges could just say no standing and throw them out. They’ve already done this with elections and peer-reviewed medicine and anything else they want to control, so what protects GME?
I purchased a few shares myself but to be honest, I don’t expect the bank to actually honor those purchases.
My question is: What stops them from just invalidating GME as a stock to get themselves out of this? One day you could go to look at your portfolio and GME isn’t there anymore, like it never existed. All the banks could go along with it, and all of Wall Street. Sure people on the Internet would complain but they would just call them conspiracy theorists and the stock had to be invalidated because “muh threat to democracy” or whatever. Lawsuits would be filed but judges could just say no standing and throw them out. They’ve already done this with elections and peer-reviewed medicine and anything else they want to control, so what protects GME?
I purchased a few shares myself but to be honest, I don’t expect the bank to actually honor those purchases.