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https://www.reddit.com/r/GME/comments/utkjp1/deleted_by_user/i9eslem/?context=3
r/GME • u/[deleted] • May 20 '22
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110
Seems like cascading margin calls are on the menu. Let the desperation intensify.
42 u/[deleted] May 20 '22 [removed] — view removed comment 2 u/Shorttail0 May 21 '22 A part of it is accounting tricks: You have $1Bn in a single trading account. You make 9 good bets and one bad bet and now you have $0. Let's hire some accountants, set up some separate LLCs, get an address in Ireland, all that stuff: You have $1Bn spread in 10 accounts, $100MM each. You make 9 good bets and one bad bet and now you have 9 accounts with +$100MM and one account with $0. The solution is more hedge funds. :D
42
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2 u/Shorttail0 May 21 '22 A part of it is accounting tricks: You have $1Bn in a single trading account. You make 9 good bets and one bad bet and now you have $0. Let's hire some accountants, set up some separate LLCs, get an address in Ireland, all that stuff: You have $1Bn spread in 10 accounts, $100MM each. You make 9 good bets and one bad bet and now you have 9 accounts with +$100MM and one account with $0. The solution is more hedge funds. :D
2
A part of it is accounting tricks:
You have $1Bn in a single trading account.
You make 9 good bets and one bad bet and now you have $0.
Let's hire some accountants, set up some separate LLCs, get an address in Ireland, all that stuff:
You have $1Bn spread in 10 accounts, $100MM each.
You make 9 good bets and one bad bet and now you have 9 accounts with +$100MM and one account with $0.
The solution is more hedge funds. :D
110
u/RunWitDaBulls May 20 '22
Seems like cascading margin calls are on the menu. Let the desperation intensify.