$GameStop (GME.US)$ Those numbers are significantly higher n...
$GameStop(GME.US$ Those numbers are significantly higher now. Talking Trillions of dollars in lent securities. And then the new NSCC rule.
BUCKLE UP FELLOW JUICERS CUZ WE'RE DOING SOME SQUEEZING!
"While securities lending accounted for $652 million, or just 4%, of BlackRock’s revenue in the fourth quarter of 2020, there’s little cost involved and the risks are low because borrowers have to put up collateral that equals or exceeds the value of the loan. At both BlackRock and State Street Corp., the second-largest custody bank, the value of securities on loan as of Dec. 31 jumped at least 20% from a year earlier, to $352 billion and $441 billion, respectively."
BUCKLE UP FELLOW JUICERS CUZ WE'RE DOING SOME SQUEEZING!
"While securities lending accounted for $652 million, or just 4%, of BlackRock’s revenue in the fourth quarter of 2020, there’s little cost involved and the risks are low because borrowers have to put up collateral that equals or exceeds the value of the loan. At both BlackRock and State Street Corp., the second-largest custody bank, the value of securities on loan as of Dec. 31 jumped at least 20% from a year earlier, to $352 billion and $441 billion, respectively."
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Dead Snake : that 400k that got borrowed this morning was the last gasp it seems lol. checkmate
Tzy8888 : to the moon!
Jerry Lester : Don't count them out on trying to pull off another attempt. Everyday the % goes up. Tomorrow they will pull out all the stops to make people sell. Maybe one last try on Friday morning. After that if we HOLD. We will be victorious.