Has everything to do with so many tickers including $DBMM. With the family office Archegos Capital Management trial
lots of finger pointing as I posted. Archegos was demoted to a family office after numerous violations. They were an arm of Credit Suisse. Now that the Swiss National Bank has left UBS to "rescue" Credit Suisse, after absorbing it, it has also left UBS with $54-$$56 billion Bill Hwang's short exposure. Obligations for this exposure must still be met.
Today's news is that Wells Fargo has decided to fire employees for "fake working". Banks like Wels Fargo. UBS, JPM, Citi, Bank of America, Morgan Stanley, and others have so much exposure due to over leveraging their money (deposits, loans, other) they are beginning to fire/lay people off in MASS. The cracks are starting to grow. "Fake working" is just an excuse to cut overhead. Maybe someone who has been working there forever and makes too much money needs to go. Cite them for fake working. Surfing the internet for something needed. Used 2 minutes of Company time. "Fake working".
How friggin' silly is that~? Meanwhile Wells Fargo commits felonies, all documented......... that's okay though. Sign an Acceptance Waiver and Consent and the felony goes away, just pay a small fine. Nothing to see there, huh~?
My point here is that this is all coming around to tickers like $DBMM.
How is Alpine doing by the way~? Power Up Lending still on the come back trail~? No~? How about other arms of the Kramer businesses (family offices). Archegos and Kramers only two of thousands of family offices in the US that go UNREGULATED. Family offices don't have to report anything to regulators. The previously called hedge funds have so many violations they are now demoted to "Family Offices". It's okay, just who people want to do business with, unregulated criminals.
Tic toc tic toc tic toc................. cannot stop what is coming.
Bill Hwang/Archegos proves one thing. The scope of fraud with Family offices may be much larger than most had ever suspected. $54-$56 billion in short exposure locked away for 50 years because they didn't want anyone to know or see what they had done. All being exposed in the trial.
How many family offices have understated their short exposure throughout the United States~? They never had to show numbers because they were totally unregulated. Nothing to show anyone. Wow~!
tic toc tic toc
Volume is so low with $DBMM. Wonder why "they" cannot buy shares to take the share price down with~? C to B too high~? Shadow banking is DONE~! Stick a friggin' fork in it~? "They" are about out of ammo. Really are.........
No more money because they have run out of places to go. Nobody is loaning money to them............
$DBMM traded 128,000 shares yesterday, and 60 thousand on Friday........... as they try to walk the share price down on light volume.
What I'd like to know is if Citadel is also in this play. Hhhmmmmmmm
Just going to watch the fun.......... time is slipping away for "them". As long as businesses are still solvent and running "they"
are in deep trouble. $DBMM isn't going bankrupt anytime soon.
tic toc tic toc...........
$DBMM baby~!
Bullish
