IMAGINE, I'M ARCHEGOS
a story by ASBT.
If i was archegos, I think between EEM, QQQ, SPY, XRT, XLF...
I could swap those etfs rights to anyone ,
blocktrading the swap order from jurisdiciton to jurisdiction where regulation sucks,
receiver rehpothecates the swap in ATS in foreign jurisdiction , which multiplies the share rights used for redemptions which result in FTDS which aren't reported correctly, and could use those to super short an underlying.
like, more than the floats worth.
i mean, this was wat i had credit suisse did.
with the xrt 1/4/2021 swap that went into brazil where credit suisse had an indemnity clause in the master agreement.
hell. if i had that kind of power, why not use this to short everything?
SPY contents?
QQQ contents?
XRT contents?
XLF contents?
it would result in FTDS and then we could even gaslight retail about how ftds only come from shorts!
not swaps rolled out on certain days which require us to go out and locate the underlying, but we cant because they're in darkpools getting rehpothecated!
damn. imagine. a family fund who could dodge margin requirements and pull alll this off , it would be greatly helpful as these total return swaps could be sused for inflows to carry all those damn ass credit default swaps.
i mean.
I only need the system to survive until they finish the CBDC, right?
man.
#imagine if i was archegos.