/biz/ - Business & Finance

>>28086088
HERE WE FUCKING GOOOOOO

>>27592334
It should start showing massive Failed To Deliver by end of week due to them being unable to settle, since not enough longs capitulated for them to buy up shares in the 90-100 range, if they even tried to buy. They might have been effectively net short on thursday.

One way they can mitigate it is if they somehow manage to buy the shares of big funds who are long off-market, but I wouldn't bet on that happening since it hasn't happened yet, and considering the scale of their "shorts covered" on monday, it's improbable it would be enough to push Failed To Deliver count to where it used to be.

If we see Failed to Deliver start to spike to lets say 20% of Float, then it will be hard to keep a lid on the scandal, but for it to decisively end, the DTCC, clearing houses, the SEC or another branch of the government has to say "enough is enough" and shut down their ability sell more fraudulent IOU shares posturing as shares they are able to deliver.

>>27592605
DTCC has been ignoring it.
https://wherearetheshares.com/
https://www.reddit.com/r/wallstreetbets/comments/lb8hjc/datadriven_dd_i_analyzed_265000_rows_of_sec_short/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
>>27592605
If you're referring to the sayings of the redditor that claimed "they have 21 days to settle synthetic longs", my answer is: I have not heard about these supposed 21 days anywhere and it's unknown wtf he means when he says "synthetic longs". I honestly think it might have been disguised FUD.
>>27592649
Someone with the power to stop it needs to stop it. Clearing houses --> DTCC ---> Financial Regulators ---> branches of government or crime enforcement agencies