Credit Suisse #CS chairman says We were affected by a market model that does no longer work in this environment, last autumn we had this social media storm & it had huge repercussions, more in the retail sector than wholesale sector, when he was asked Who is responsible?
#GME
#GME
If one of the largest Swiss bank is not safe by holding a bet against retail investors, let the #US #banks rethink who are the real whales in this game now. #GME investors have fallen in love with the stock, #WeAreNotSelling #WeAreNotLeaving eventually everyone will pay the price
Market Makers who used algo to drive down the price, firms that removed the buy button,Regulatory bodies which allowed Market Makers & others to hide their short pos,Regulatory body which failed to shut down #darkpool,Brokers who took part in illegal activities are responsible!!!
In addition to the deal, the new panel managing this deal has gone and taken an insurance an indication that someone big is going to hold this bag. Short positions have infinite losses by market rule and that is an undeniable fact it doesn't matter what the balance sheet says.
Short positions were hidden with PUTs, Swaps & other methods to deceive retail investors & those will only buy them time not new shares to close the short positions. Bringing the price has only allowed retail investors to accumulate more. Shorts will never close their short pos.
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