Rai_Jin posted...
why would simply buying a stock cripple the economy huh?
This is the failure in the whole plan. Its not even about the economy, just the idea that a hedge fund or major financial institution is going to go bankrupt to buy shares, with money they likely dont have, at insane prices to comply with a contract is crazy. They will just not buy the shares and deal with a lawsuit and fines after the fact. Its much more rational and doesnt involve bankrupting the company.
Lets say I enter into a bunch of contracts that says I will buy millions of shares of GME on some random date. And I dont expect the price to be above $10 on that date.
If suddenly there are games being played in the market to make the price $400/share when the due date comes Im not going to spend 40x the amount to buy the shares, especially when I dont have the money. Im just going to breach the contract.