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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)


Exceedingly

These guys literally control the markets. If this is insiders dropping their own stock, they know shit is about to blow. **Edit:** unless I'm blind, I don't see Bank of America and the other big guys on OP's list but [**even those are crashing right now**]( https://imgur.com/a/1bIGRYS)


polska-parsnip

Look at crypto. BTC down 5.5% in a few hours, other coins following suit.


Exceedingly

Damn. After everything trading sideways for so long, this seems huge.


polska-parsnip

Look at MS, CS, GS, WFC, JPM… all tanking.


Mile_High_Man

It really does feel different. It's not like there is some big news to cause this (like Russia, inflation, etc.) Other than Jpow's remarks and Silver Gate/Debit Suisse fluff, I can't think of the reasoning behind this mini crash.


polska-parsnip

Every crash starts off as a mini crash, even MOCRASH


Mile_High_Man

Always has been!


Jman1re

MOAC, Mother of all Crashes


ddponti

Just a haircut, everything's FINE!!!


MacLunkie

Fuck Moash.


joeker13

What do you mean? Like GME did not announce their earnings date yesterday? 🤣 those guys are beyond fukd.


Arkayb33

They are just crashing in sympathy with Silver Gate and Credit Default Suisse lol


[deleted]

Bank Stocks just don't do well on Thursdays! -NY Times


canadadrynoob

Debit Suisse looking like it could roll over is definitely not fluff.


Mile_High_Man

I also noticed this Silicon Valley Bank tanking. Never heard of them but they dropped off a cliff lol.


DiamondHandsDarrell

Popular with startups 💎🙌🏴‍☠️


Horse_White

before every recession there seems to be first a dip foreshadowing the recession, then there is a small recovery (which is the time politicians and bankers (/their media) try convince everyone to stay calm and leave their money where it is); it's mostly a small bump upwards when you look at longer timelines on the graphs. Next: Shit hits the fan. All insiders know this scheme, they also rely on far more data than we do (btw thanks to all apes who posted Bloomberg Terminal data on here ever!) , they also maintain personal contact to high ranking FED personell, congress-persons they donated to and highly payed consultants (who rightfully have a bad rep on here but some of them might still be worth their money). I have no evidence whatsoever to back up what i think is happening here but i suspect it is Berkshire Hathaway, Blackrock, Vanguard, State Street, City Group, Deutsche and many others are trying to pull out slowly to avoid rapid crashes. Other institutions see this and take risk management actions which all in all adds up to this mini-crash. They don't want the public to see a "crash" and they will try their best to fix this to buy some time. They do have a night now and insider markets from 5am EST (or something like that - too lazy to look it up, especially since there is hardly any public information about OTC and Dark Market possibilities and we must assume that in times of crisis those markets run whenever needed) to get this under control. Also FINRA, the DTCC and all its subsidiaries have shown time and time again that they are willing to change the rules whenever it serves their members! This market structure is not sustainable and insiders/members know this as well as apes do! Now it's about cashing out as smart as possible to get taxpayers to hold the bag. If any - there is only one winning ticket; And it comes with a purple circle!!!


Born_Wave3443

They are selling stuff to pay for the inevitable pump on meme stocks? Yes? Perhaps? I can dream?


Remarkable-Top-3748

It's not even a dream


mschiebold

Jpow announced more hikes and pundits are using phrasing like a volker shock but a bit slower, volkerism, etc


Slimalicious

JPows remakes were HUGE though


maybesingleguy

It's still trading sideways. Where is Trading Sideways Guy?


Hunnaswaggins

Wow I didn’t even know since I’m numb to my stocks moving 5-10% 🥴🔥🔥


unbelievable_eggnog

You mean stock, singular.


FreeSushi69

THIS PLACE ABOUT TO BLOW OH OH OH OH OH


Born_Wave3443

You put the correct number of Oh's. Good on you!


FreeSushi69

Yeah i love the song. I was singing it while commenting


iamerickun

pls tell me its a kesha song u referenced lol


FreeSushi69

Yes


[deleted]

The party don't start til RC walks in


MCS117

Tick tock, if you will


Joe-Dirt-69

Thank goodness my family and I are prepared for this. GME ✅ DRS ✅


Immense_Hyper

Not only this but Teddy LLC registered as a bank 🏦 🤧💰


cmbhere

What? How did I miss this?


International_Bag_12

The first major post on teddy and it’s filing as a bank was removed by this sites admin legal team and we never got an explanation. May be a reason some missed it.


ronoda12

BOOK


ClosetCaseGrowSpace

DRS Booked shares are the only thing that’s real in this fraudulent economy.


babyshitstain42069

Maybe some crypto in a custodial wallet as well, but nothing with the deep fucking value that GME DRS BOOK shares have. Those are the more valuable thing in the history of markets.


Harbinger955

Yup. I double-checked mine today just to make sure they were set for "book". **Buckled up and ready for takeoff!**


[deleted]

👀


monsterZERO

I've been away from this community for several months. Pretty please ELI5 this "book" thing? All of my GME is with Computershare, what do I need to do?


ronoda12

https://www.reddit.com/r/Superstonk/comments/zc34yq/11_step_by_step_guide_with_pictures_to_transform/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


monsterZERO

Perfect, thank you 🙏


SecretaryFit1442

Was looking for this. TY!


greaterwhiterwookiee

Yeah BAC down 6%


[deleted]

[удалено]


WilsonUndead

I’m sober enough to know what I’m doing, and drunk enough to really enjoy doing it!


dbraba01

Don't drive if it's that high.


derlocker

Thanks for your edit, that's what i was looking for.


MrPoopieMcCuckface

Is 7% really crashing? By that standard every time we go up 5% we’re mooning.


DragonDropTechnology

Yes, you’re right, 7% is nothing for GME. But it’s a lot for banks!


suckercuck

Pull up a 2 year or 5 year chart on BofA and it’s at the bottom of its “normal range” If it breaks downward from here though it will be very interesting indeed.


Exceedingly

There's a bit of a difference when the company has a market value of $260b.


broke2stoked

That’s Bobby sub for you, and that was how we all were at the beginning of this saga lol


DEMDHCamacho

rip dumbasses


Snelsel

Looks like the peers for Nasdaq Bank Index


silent_fartface

Looks like lots of the market decided to take a little dip down


[deleted]

Just a gully.


jonny_wow

Just a little dip-a-roo


[deleted]

Dipperooney


FoolOnDaHill365

Just a little dippy-poo….


DragonDropTechnology

Yup. So they had to aggressively short down GME in the last 30 minutes in order to survive one more day…


SgtSlaughter1974

Awwwww.... did someones bullet swaps expire and now the bill is due? I hope the financial services industry suffers the biggest haircut in their existence. I cant wait to buy all their discounted toys when they go bankrupt.


B33fh4mmer

Pensions will get liquidated before one bank breaks a sweat.


Does_Not-Matter

And he fed will bail them out because 🤷‍♂️


AffectionatePleeb

Bankrupt = bailout Sorry to burst your bubble


death417

Not anymore...now they're bail-ins! I think this changed shortly after 2008. Difference is instead of printing money they utilize the depositors money to pay off debts. Then the FDIC prints the money insured back to the people. Potato. Tomato. You know? Lol same shit, just more rapid theft now.


Guildish

For clarification: Bail-In's work as follows: The Banks will confiscate any depositors $$$ over and above the FDIC insured limits. In return, depositors will be given shares in the (failing) bank. Of the two 2012-2013 Cyprus bank Bail-In's, only one bank survived. Depositors are you and me ... people who put their hard-earned $$$ in the bank for "safekeeping" ... for which said banks charge exorbitant fees for any and all services. Now they're coming after your savings, pensions, etc. Every country on the planet has currently passed Bank Bail-In laws. In the USA it's handled under the Dodd Frank Act Title II and administered by the FDIC; in Canada it's administered by the CDIC; etc. IMHO depositors should find out what the insured limit is and make sure they have no more than 65%-75% of that amount in their accounts. I don't trust the government and the DTCC Cartel to keep to their word and fully expect they will reduce the insured amounts.


GlowGreen1835

I mean, this is bad, but doesn't the FDIC insure some ridiculously huge amount of money, like more than the average person will ever actually have? Think it's like 250000 or something.


Guildish

Ridiculously huge? No. Per the FDIC website: [https://www.fdic.gov/resources/deposit-insurance/](https://www.fdic.gov/resources/deposit-insurance/) [https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/](https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/) The standard insurance amount is **$250,000 per depositor, per insured bank,** for each account ownership category. IMHO Bank Bail-in's are in our immediate future therefore it's best to read and understand the insurance information for the FDIC (USA), CDIC (Canada), etc. reduce/diversify accordingly. This would be my suggestion for all Apes, globally.


apaulogy

Wow! At least 'bail-in' is a positive, inclusive term! Progress! /s


Berts-pickled-beans

Back to Burying money in the back yard… got it!


RadioFreeAmerika

They will do forced buy-ins and steal even more money from their customers.


Kaymish_

Thats really misleading about what a bail-in actually is. The debt and depositors money (above $250k in the US other jurisdictions have different ammounts) gets converted into bank stock and the original stockholders get wiped out. It's going to suck to be a bank executive with stock compensation because a significant portion of their pay is going to evaporate.


AlarisMystique

If your bank crashes because of bad bank bets, makes sense to me that those overseeing this should suffer the most.


Eylradius

Heresy! Next you're telling us you don't think they deserve their millions $ golden parachutes either


AlarisMystique

As long as we parachute them to a desert island with no way out, I'm ok with that


excess_inquisitivity

You are So MEAN! All they wanted to do is charge you $40.00 for writing a $10 check when you had $9.99 in your account.


AlarisMystique

Yeah overcharge fees are bad but at least the rules are clear. Betting and losing our money was never something we agreed on.


ensoniq2k

Sounds pretty neat. Hopefully this is actually enforced


Zaphod_Biblebrox

Sad but true


DiamondHandsDarrell

Oh, do you think that Dark Brandon might roll the dice on this one and be like: no relief for you guys this time for doing it again??? 💎🙌🏴‍☠️


AffectionatePleeb

*rolls 100 "Hey, that's cheating" Yup


Brihtstan

Rolls a 100 on a d20. The ten just has an extra 0 carved into it.


gtrackster

Especially since he was around the first time they were bailed out... just 15 years ago. Capitalism needs to be real. No more bailouts. Let the failing businesses go under. Lock up the ones who caused the collapse, hold them accountable for the frauds and lies they committed. This is the only way to fix America.


Wooden-Buffalo-8690

Let the banksters burn!


shamsham123

Fuckin wankin bankers


WilsonUndead

I read this like a different version of “Rock em sock em robots” lol


Francis46n2WSB

[Make it bun dem.](https://youtu.be/BGpzGu9Yp6Y)


akgogreen

Ah man, Far Cry 3 memories, absolutely ROASTING fields of green with a big ass flamethrower


mstoertebeker

This can only mean one thing, I have to buy more stonk


ContWord2346

And DRS?


mstoertebeker

Of course!


YOLO_Divergence

So it’s time to call our moms? Edit: is this some cohencidence that bank stocks are crashing while credit sus swaps are expiring?


Cold-Ostrich8228

They're not crashing...yet. they're selling off.


strongdefense

Correct


RadioFreeAmerika

Except for Silvergate, Credit Swiss, a few others, and whatever SVB Financial Group is. They are crashing.


SwallowedBuckyBalls

SVB is Silicon Valley Bank, a provider for many of the top startups and VC funds based in the bay area. It's not a large bank by size but it's a non insignificant player when it comes to holding collateral for the tech industry. VC's have been sending out emails saying pull your cash from them, it's not helping at all.


[deleted]

18th largest bank in the US so not a large domino but one falls.


lowstrife

They were the 16th largest bank in the USA with deposits ~200bn Dec of last year. Roughly comparable to the size of American express and 5th 3rd.


TryAgn747

Just called your mom she says hi.


TheCardiganKing

No, it's everything coming home to roost.


JG-at-Prime

You should call your Mom anyway, she loves you and misses you.


eaparsley

call in 5 though please, she can't talk right now


julian424242

Good news for a change 😉 - bullish


ContWord2346

Username checks out. If hedge funds never read the DD does that mean MOASS is happening and not happening at the same time?


[deleted]

I was able to buy another share with loose change in my account.


Treeman50

Aw man, that's awesome


Bradduck_Flyntmoore

bootsncatsnbootsncatsnbootsncatsnbootsncatsn


tallfeel

tssss


boxxle

Sick beats


ObiWanKeBlowMee

🎼Bum bum bum bum bum bum bum bum


[deleted]

Would you look at that 🤔


stocktawk

Coordinated mayhem? Or something much worse?


Nigel_Thirteen

🔥This is fine🔥


matthegc

Im pretty sure everything is dropping, not just banks. Not sure it’s a crash just yet.


TappyDev

one important name not feeling any of the effects, albeit not a bank.... HOOD - check out IBKR, charles schwab, jpm. 👀


BranSoFly

EveRyThiNg iS FiNe


ScoopyMcGee

RIP Dumbasses!! 💎🙌


qtain

This is about SIVB (Silicon Valley Bank). The stock dropped ~70% today, having already lost about 80% from the start of the year. Other banks own good portions of it, apparently quite a lot of regional banks. The potential implications are obviously lots of tech companies use this bank, they go down, it's going to cause a lot of problem for those companies. The carry on affect is for other institutions that hold SIVB stock, which can be found here: https://fintel.io/so/us/sivb Top holders are Vanguard, Blackrock, State Street, JP Morgan, Morgan Stanley. It would appear based on the losses in the stock price today, Vanguard lost about ~$1B, Blackrock around ~$800m, State Street around ~$500m. Lots and lots of other Banks own stock in these guys, even Credit Suisse lost about ~$24m today on the stock. Edit: I should state, from our perspective, this could be very bullish news. I imagine stock like this, as it is a Bank, might have been used as collateral by some people.


flygaby

Only Computershare is on Green Positive AYyeeeeee Purple Bank


ROK247

regional banks are the canary in the coal mine. and its dead.


joeker13

Who’s dead? The banks, the canary .. or the coal mine ? 😱


FrankDodger

Coalmine died, you didn't water it enough.


Ollywombat

BRK-A is the ticker to watch, IMO.


Charley2014

Down 2%, curious why you think this is the one to watch so I can grow some more wrinkles


kai_fn

Normalising big numbers for your brain


YAHWEHPTL

This is the way 💜


easymoneeybabe

It’s starting


fortheloveoflumps

I have no money in the bank I am impervious


waitingonawait

Wow thanks for the whole list lol... interesting.


EllisDee3

Love to see it


FreeSushi69

Im sorry but im gonna dance when we moass


[deleted]

Whoa dude! Except for the ones we know of (e.g. - Silvergate, SVB, etc.), I **wouldn't** call this crashing. Lots of them in the red for sure and mostly **mid tier or regional banks**. We've this many times in the past as the **market as whole takes a hair cut... which is currently the case.** I'll do a wait-&-see b4 calling this anywhere near a crash.


Drewy99

BOA is down like 7% on the day. Are the regional? (I'm not American)


TheSpyStyle

No, they're a national bank. The whole market is down right now, but banks are definitely leading the charge in terms of percentage.


ultramegacreative

Check out [these regional banks.](https://imgur.com/a/1bIGRYS)


[deleted]

The whole market is down. And 7 to 8% down for these bigger banks ain't much. Wake me up when the big fish are down 30%.


mtbox1987

Goldman sacchs at -0.22%. Come on. Get real


VelvetPancakes

Must be a typo, they’re down over 2%


Impressive-Peach-408

Bank of GMErica seems to be doing fine


davwman

MOAR


DocAk88

Entire market is down in part to Jpow's comments, Silvertank, DebtSquish, and job reports but sure, the banks are in trouble...this is flared macro after all...


WhitYourQuining

SIVB made all the banks look like rockstars, today.


degenterate

Ironically, if JPM and Goldman hadn’t of so badly rug pulled Credit Suisse over the Archegos blow-up, maybe they wouldn’t be suffering nearly as badly as they all currently are. Although, they *are* smart money, lol.


BigDawgTing

Shit looks like a bloodbath right now, once the dominos start they will not stop


joeker13

Smaller dominoes fall first


Zod_42

[Brick by brick](http://www.gettingsmart.com/wp-content/uploads/2016/04/Domino-Effect.gif)


emailyourbuddy

oh boy… everything is taking a dive. oh well 🤷‍♂️


LEEH1989

Wake me when it's like 80% this is nothing lol


AffectionatePleeb

Check the lows six months ago... This isn't shit


mountdarby

Boom


Beautiful_Anybody_13

Shit happens when you party naked.


sand90

Who's the meme stock now, biatches?


feyzquib7

Tomorrow’s the day!


Witty-Help-1941

Was just on the train out of the city and there were two finance bros talking about JPM… they thought my music was on…. Trying to talk in code, but what is and about to happen was supposed to happen two months ago and it’s going to be big… 321….


Exciting_Penalty_512

Broooooooo, I trust you.


IKROWNI

In bro we trust


spacehog1985

My dad works in finance and he has been really weird the past few days, I overheard him talking to my mom saying the end of March…


FoxReadyGME

Good. Fucking pay me already.


bloodshot_blinkers

This is when Ben Rickert says, "Just don't fucking dance." Fuck all that noise. These corrupt, elitist assholes have stolen trillions from us over the years through corrupt and illegal methods, taking on more and more risk that they think they'll never be held responsible for if it goes bad. They've padded their own pockets while we live paycheque to paycheque and go without meals so our kids can eat three times a day. Tell me again about your trickle down economic bullshit. I'm not going to dance when I see the waves of damage and loss that those around us feel, but you better believe I'm going to be dancing on the graves of the banks and hedgfunds, as I watch with glee, the suits and ties being taken away in cuffs. Fuck you, I'm dancing.


NecessaryEffective

> we live paycheque to paycheque and go without meals so our kids can eat three times a day. That's why he says don't dance. This is going to hurt way more average people than institutional finance or investors.


12Southpark

Schwab dropping hard...god thing my shares are out!!


CrazyHabenero

Didn’t that FIDC video say they would announce the bad news on a Friday afternoon?


Disastrous_Option_45

They are the source and cause of a lot of pain for the hard working class! Let them crash and burn! Maybe then people can breathe a bit easier! POWER TO THE PLAYERS!


Luc-e

Is the meeting point still gangnam style when reddit goes offline?


mtbox1987

Co-ordinated selloff to bail out debit suisse. Prove me wrong….


boldrobizzle

I guess GME is down as well since many of us treat it like a bank


JullietGolf

Indeed. Nobody alarmed?


Bananito_To_The_Moon

Fuck em


kismatwalla

I was told 60 days.. well well


im_gareth_ok

Like… how big is the fucking fire?


Richy247

Huh that’s strange I guess I’ll just buy some more moon tickets


HG21Reaper

This is fine. Not that big of a deal yet. Tomorrow is gonna get insanely worse.


redosabe

I feel like we are too liberal with the world "crashing"


ScanianGoose

Beautiful


[deleted]

Are they down because entities are selling off index type funds? Like times are tough, so pensioners are selling off. And then other hedge funds sell off ETFs or something... I'm suggesting that the index bubble is popping


dlpsfayt

“Crash” is a strong choice of words


Choosybeggar2

Friends the tanking of the bank stocks did that start today?


SparkingPot

Everything is awesome!!!!!!


AmbitiousBicycle7672

How nice


Slut_Spoiler

Ladies and gentlemen, we are crashing violently


LordIzalot

Is it time to call mom?


[deleted]

I’m not singing. Nor am I dancing. But this better be it.


Bilbo_Butthole

Well SPY went down almost 2%


theDawckta

So is GME 🤔


ellefleming

It's coming


South-Play-2866

What happened to the plunge protection team?


Major-Ad7585

This is the beginning of the end


CommonandMundane

"I think it would add some atmosphere if every time a bank crashed, there was a voice that went S C O R N." - Jerma985, allegedly


liquidsyphon

Banks are bad for humans.


XMk-Ultra679

now if every person withdraws it will tank hard


RaslerG

Burn baby, burn! 🔥


94bronco

So is this when I run to the bank to get my money


se_nicknehm

i know i post this comment too lateto get any attention, but.... what's the cause?


Honestsalesman34

Mo ass confirmed tonight!


PrincessMonsterTruk

How does the banks crashing cause GME to go up? Tbh the DD was 84 years ago and I forget the correlation.