via CNBC
Who is going to tell them they’re actually in the hole trillions?
Funny enough, they plan to offset the loss on paper to pretend it doesn’t exist, thanks to a special accounting trick from “negative goodwill”.
This is just them saying ‘we acquired X for $ but actually it’s worth $$$, just nobody else knows it yet’.
Sound familiar?
Instead of “Sold not yet purchased, at fair market value” this is like ‘Purchased not yet sold, at fair market value’.
For that reason, I’d now like to do the same with my GME shares as collateral.
I’m going to Chase as soon as it opens to take out a $2Trillion loan against a portion of my GME shares.
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