[Pen-l] Re: If they don't fix it, there just won't be an options market on Monday

["Sabri Oncu" <sabri.oncu@xxxxxxxxx>]

Shane:

> How this is supposed to stabilize the market eludes me.

Me, too. More importantly, this is the worst "short squeeze" of all
times. Those who went short before the ban now have to cover their
short positions, and if they cannot, what happens?

Tom was right: the distinction between stabilize and paralyze is quite
thin. While you try to stabilize one side of an already unstable
thing, you may paralyze another side.

Let us see what happens Monday. Now that the institutional and retail
money market funds are saved, we will see what happens to hedge funds,
which were experiencing a run even before the money market funds.

Who is going to bail them out?

Best,
Sabri
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