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Topic	Explain the Gamestop situation like I'm ten and barely understand stocks
AllegraD 01/27/21 9:29:41 PM #21:	Accolon posted... So who did the hedgefund borrow the stocks from, and what do those people get out of this? They borrowed the stocks from the Investment banks who own the stocks. Those people get fees for loaning said stocks. Have you ever seen Wolf of Wall Street? In that movie, the investment bank was doing an IPO for Steve Madden. That means the investment bank owned all the stocks - to sell how they saw fit on the market. Investment Banks being: Goldman Sachs JPMorgan/Chase Deutsche Bank Merril Lynch etc. --- Ohhh boy! <cite>AllegraD posted [p:949998203] in Explain th... [t:79263851]...</cite> <quote>Accolon posted... </cite> <quote>So who did the hedgefund borrow the stocks from, and what do those people get out of this?</quote> They borrowed the stocks from the Investment banks who own the stocks. Those people get fees for loaning said stocks. Have you ever seen Wolf of Wall Street? In that movie, the investment bank was doing an IPO for Steve Madden. That means the investment bank owned all the stocks - to sell how they saw fit on the market. Investment Banks being: Goldman Sachs JPMorgan/Chase Deutsche Bank Merril Lynch etc. --- Ohhh boy!</quote> ... Copied to Clipboard!
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