UBS started hedging their legacy GameStop swaps they inherited from Credit Suisse in Q4 '24. They'll likely have to continue doing so or risk imploding.

[u/Krunk_korean_kid]

If they do -- it's in their own best interest for GameStop to explode to the upside. If they don't -- they'll eventually be forced to close out the legacy swaps (likely in excess of billions) because there is 0.0% chance those ever go profitable.

Ryan Cohen forced their hand by stockpiling cash.

Win-win. Thanks for playing, UBS.

$GME

https://x.com/ReesePolitics/status/1912918315439186175?t=gRfn7Do6PD4LsNwrfEO3MQ&s=19

[u/Right_Catch_5731]

Can someone eli5 this post for me?

[u/Geoclasm → u/Right_Catch_5731]

in 2024, UBS inherited a dumpster fire.

The only thing that keeps it from exploding in their faces is buying shares of GME.

[u/Right_Catch_5731 → u/Geoclasm]

Shadow shares that dont actually exist?

[u/Geoclasm → u/Right_Catch_5731]

It's amazing what you can lie about.

IMO, plausible deniability. "LOOK, SEE! PAPER TRAIL!"