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Many brokers have lent the shares to hedge funds that went short on the stock. Now these hedge funds are on the verge of bankruptcy. If they default the brokers
by janmo 6y ago
Many brokers have lent the shares to hedge funds that went short on the stock. Now these hedge funds are on the verge of bankruptcy. If they default the brokers are in a lot of trouble.
- MrMan 6y agoyeah counter-party risk can verge into systemic risk, none of these moves by brokers are surprising