Nomora Bank is on OUR Side?
Gamers,
The ASBT swap dd posted yesterday that outlined the archegos bullet swaps enlightened us on how these bullet swaps on ETFs are used to synthetically short the underlying securities in the ETFs.
Archegos was the short party to these swaps, and it has been documented that Nomora Bank was the counterparty on many of these swaps. So what does that mean? NOMORA IS LONG.
UBS has inherited archegos's short position on these swaps through credit suisse and they are getting fucked because they have to pay Nomora a rate based on the prices of the securities in the basket every time they have to roll these swaps.
So why roll these swaps? Well as discussed in the DD, these bullet swaps provide real synthetic short pressure to the underlying securities in the ETF. Eventhough these basket swaps are synthetic, they have a real tangible negative impact on the price of GME. So if I also have real tangible shares sold short along with my swap position, I need to keep these swaps rolling to continually manipulate the prices of the basket stocks down so I dont fall too deep underwater on my real short position.
So UBS in this case is the bear, and Nomora is a fucking APE. They are donkey kong hommie, they want these shorts to explode.
So how do we do that? Well first, we give GME awesome discounts on pokemon cards and nintendo products(lol).. and oh, we raise the japanese overnight rate putting massive interest rate pressure on the european shorts, while also enriching ourselves on our loans to by some more GME.
Lets go GME, lets go japan, lets go pokemon