No. You guys do not understand how the system works.
IF there is a massive naked short position out there (I do not believe there is, but let's just say if ...), then there are NO "synthetic long shares" out there in brokerage accounts to offset the naked shorts.
Such "fake long shares" would not exist in your brokerage account OR in the hedge funds' brokerage accounts. The brokers wouldn't know anything about the naked shorts.
The naked shorts are CREATED (from nothing, just like the Federal Reserve does) by the PRIME BROKERS (Goldman Sachs, JPM, etc.) and held ON THEIR OWN BOOKS.
It would be the same exact scam as what the Federal Reserve does, but by the prime brokers. Nobody else would even know.
The prime brokers are the ones who make money from lending shares (real or imaginary), and they would be the ones on the hook, and forced to unwind.
They would be easily able to do it, IMO, and Goldman Sachs, being also a bank, could just borrow from the Federal Reserve.
The Superstonk board is full of shit.
Notice, there is no SAUCE by the OP. Just a claim made, with nothing to back it up.
No. You guys do not understand how the system works.
IF there is a massive naked short position out there (I do not believe there is, but let's just say if ...), then there are NO "synthetic long shares" out there in brokerage accounts to offset the naked shorts.
Such "fake long shares" would not exist in your brokerage account OR in the hedge funds' brokerage accounts. The brokers wouldn't know anything about the naked shorts.
The naked shorts are CREATED (from nothing, just like the Federal Reserve does) by the PRIME BROKES (Goldman Sachs, JPM, etc.) and held ON THEIR OWN BOOKS.
It would be the same exact scam as what the Federal Reserve does, but by the prime brokers. Nobody else would even know.
The prime brokers are the ones who make money from lending shares (real or imaginary), and they would be the ones on the hook, and forced to unwind.
They would be easily able to do it, IMO, and Goldman Sachs, being also a bank, could just borrow from the Federal Reserve.
The Superstonk board is full of shit.
Notice, there is no SAUCE by the OP. Just a claim made, with nothing to back it up.
No. You guys do not understand how the system works.
IF there is a massive naked short position out there (I do not believe there is, but let's just say if ...), then there is NO "synthetic long shares" out there in brokerage accounts to offset the naked shorts.
Such "fake long shares" would not exist in your brokerage account OR in the hedge funds' brokerage accounts. The brokers wouldn't know anything about the naked shorts.
The naked shorts are CREATED (from nothing, just like the Federal Reserve does) by the PRIME BROKES (Goldman Sachs, JPM, etc.) and held ON THEIR OWN BOOKS.
It would be the same exact scam as what the Federal Reserve does, but by the prime brokers. Nobody else would even know.
The prime brokers are the ones who make money from lending shares (real or imaginary), and they would be the ones on the hook, and forced to unwind.
They would be easily able to do it, IMO, and Goldman Sachs, being also a bank, could just borrow from the Federal Reserve.
The Superstonk board is full of shit.
Notice, there is no SAUCE by the OP. Just a claim made, with nothing to back it up.