Comments by "William Warren" (@wbwarren57) on "Louis Rossmann" channel.

  1. Shame on you! Elon is the genius, genius, the smartest man of all time! Anything that Elon does is a work of heart and perfect. Anything that Elon wants to do is possible, even if it violates all economic and physical laws! Get on board! Don’t embarrass yourself! Reasoning and common sense have no place when it comes to commenting on the works of the Elon.
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  2. Look at the long-term capital disaster in the 90s. Long-term capital was a firm that was basically a hedge fund and they had so much money out so many deals so many positions that when the markets turned against them they almost took down the world economy not just the United States economy.
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  3. Good video! Thank you.
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  4. Nice video! One thing that’s interesting to think about is on what exchange did these hedge fund sell short the shares? In all probability they sold the shares short on exchanges that are covered by the depository trust in clearing corporation that acts as a middleman between buyers and sellers. Now the DTCC as it is called has funding from the brokers and other participants in the market that should cover bankruptcies of one or just a few of the players. However, because the potential lots of money in this situation is so high (I estimate it could be five to $50 billion) I’m not sure that the depository trust and clearing corporation would have enough money to cover the bankruptcy of these hedge funds. That could cause major problems in the markets. Yes, these problems with mostly affect brokers and hedge funds, but they would also affect companies and the people who work for the companies all across the nation.
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  5. The biggest problem with these hedge funds is that they have been allowed to become much too big to fail. If they were allowed to go bankrupt over GameStop there might be a wave of bankruptcies and in this economy that wave could become a title wave. Should the principles that the hedge funds who have attempted to manipulate the stock and gotten their tits solidly in a ringer be punished to the full extent of the law? Absolutely! But letting an entire group of companies go bankrupt to punish one hedge fund manager could be considered to be a tad too extreme! In the future, the SEC should pay a lot more attention and prevent this kind of thing from happening again.
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