|
|
|
|
|
by jdjfktkrnj
1975 days ago
|
|
> Still don’t get how this mess is going to get cleaned up since it’s impossible for the shorts to cover. A deep pocketed long term large fund can buy the short position at a discount, a bit like distressed debt, and then just wait it out. It's a guaranteed win if you have deep pockets. Note that when they buy the position, they don't also inherit the current mark to market loss, only a part of it (the price they pay). What is a fair price for this position? I would love to know if someone has any insight on this. |
|
They can't. Contrary to the memes peddled on reddit Illuminati aren't running the world.