The Investment Thread

Drinking hard to hopefully erase another dud of a Saints game.

This FTX stuff is enlightening. Once again here is some tin foil. The cost to borrow rate for GME dipped hard after the sneeze in late January 2021.

FTX and many other crypto brokerages started offering tokenized stocks. It was “sold” as being just as good.

Other firms then used this information to say that they could “locate” their shorts very easily. But the crypto brokerages didn’t actually have the underlying asset.

So now we have a major crypto brokerage that went belly up. All of these supposed easily located derivative of a real share now do not exist.

Maybe it’s nothing. But then I checked to see when the first tokenized GME share became available. It was the same day brokerages made GME and others stocks as “position close only”.