[PapaBear3625]

The Hedge Funds are in trouble. Not just a little financial trouble, but a lot of legal trouble.

What triggered the buying of Gamestop was people on Reddit noticing that short sellers had sold 140% of the actual amount of Gamestop stock. The hedge funds not only sold stock they didn't have (Naked Short Selling, which is illegal, at least when mere mortals do it), but 40% more than exists.

This is why many brokerage houses have halted retail investers ability to buy Gamestop

Much of the volume of Gamestop trading involves stocks which do not actually exist. The trades cannot be cleared. The trades cannot be settled by the clearing firms..

And once this becomes painfully obvious to the general public, too many uncomfortable questions are going to be asked.

[Gahanna Bob]

I think a lot of phantom shares are created in the options market. Maybe the bigs got carried away with little ole GME.

Brokerage firms were probably loaning shares to short without possession too.

This whole thing could be epic.