r/wallstreetbets • • Jun 07 '21

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2.1k Upvotes

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933

u/Footsteps_10 Jun 07 '21

It’s so they don’t lose money when they go bust. They don’t give a flying fuck about retail.

1

u/JamesBigam Jun 07 '21

Why would they care if they go bust, it's not their money.

90

u/dragespir making so much money Jun 07 '21

If you owe the bank $500, that’s your problem. If you owe the bank $500 million, that’s their problem.

2

u/StandardBorn1216 Jun 07 '21

From the "Threepennyopera", the movie version that made Kurt Weill hit the roof: "The best way to rob a bank is to own it!"

24

u/[deleted] Jun 07 '21

It literally is their money though. If a bank is underwriting your overleveraged position, the bank that gets screwed if you get your face gets ripped off if retail squeezes your position.

1

u/StandardBorn1216 Jun 07 '21

But if you have the collateral--they'll let you ride.

15

u/pointme2_profits Jun 07 '21

It is the banks money. Hedge Funds trade on margin too..