The hedge funds weren't just allowed to illegally short to much stock. The clearinghouses created counterfeit GME. Retail investors might own more stock than GME issued. - Conspiracies

The hedge funds weren't just allowed to illegally short to much stock. The clearinghouses created counterfeit GME. Retail investors might own more stock than GME issued. (boards.4chan.org)

posted 3 years ago by binklehoya 3 years ago by binklehoya +33 / -1

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– binklehoya [S] 2 points 3 years ago +2 / -0

.>open door for TPTB to unwind some/most/all GME transactions over the last weeks

I could see that. But the counterfeiting, according to the link, happened at the clearinghouse & market maker level. That's a huge blow to the veneer of integrity that at least the transactions themselves are honest. That in itself could trigger a crash besides what GME might do.

.> I don't think it would be too hard for some group in power to make the owned shares appear to be more than the issued shares

link already did.

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