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I’m not on WSB, so maybe I haven’t seen a discussion of this. But I have been wondering why Citadel bailed out Melvin. I can think of a few scenarios: A) Cha
by OldHand2018 6y ago
I’m not on WSB, so maybe I haven’t seen a discussion of this. But I have been wondering why Citadel bailed out Melvin. I can think of a few scenarios:
A) Charity (haha)
B) Lose this money now to prevent losing even more money later on
C) Make a huge return on the equity stake/loan/whatever-it-was-Citadel-got
Maybe it’s irrelevant, but it’s been something I haven’t quite figured out.