peruvian_bull on Nostr: Did you know that $55 BILLION of excess capital premium (collateral charges) were ...
Did you know that $55 BILLION of excess capital premium (collateral charges) were waived in early 2021 as the GME price skyrocketed and institutions found themselves underwater?
The NSCC saw a market wide disruption, and the squeeze on GME would have frozen multiple brokers and clearing firms, including Instinet.
To cope with this, they waived the charges and froze buying to stop the bleeding.
Our stock market is run by a cabal, and you never win if it comes at their expense.
This is why we Bitcoin. A million apes are learning in real time about why owning your own assets is so crucial.
Published at
2024-05-20 19:00:18Event JSON
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"content": "Did you know that $55 BILLION of excess capital premium (collateral charges) were waived in early 2021 as the GME price skyrocketed and institutions found themselves underwater?\n\nThe NSCC saw a market wide disruption, and the squeeze on GME would have frozen multiple brokers and clearing firms, including Instinet. \n\nTo cope with this, they waived the charges and froze buying to stop the bleeding.\n\nOur stock market is run by a cabal, and you never win if it comes at their expense.\n\nThis is why we Bitcoin. A million apes are learning in real time about why owning your own assets is so crucial. https://image.nostr.build/ade9268df84ddeea5de343e7363724e19271905bf99c73e0ba5a1af0f9b9e1da.jpg ",
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