UST Stablecoin Loses Dollar Peg

Re:UST Stablecoin Loses Dollar Peg by toolz on Tuesday May 10, 2022 @02:48PM (#31330946)

Yes I'm still stuck on that, it's a story people often recognize and just because there has been no naked shorting found as of that report doesn't mean there isn't significant naked shorting involved. With the shorting moved to dark pools on top of the fact there were likely 45 million shares still shorted after that reporting data shows, it's not as clear cut as you might be implying.

Many people are confident naked shorting happens and GME hit 140%, the highest ever according to that report. So yeah, consider me skeptical that the SEC was able to find evidence of a non-scandal and used that evidence to report a non-controversial finding.

You can bury your head in the sand and pretend the market is fair if you want, but I'll stay skeptical.

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Re:UST Stablecoin Loses Dollar Peg by kristjansson on Tuesday May 10, 2022 @03:29PM (#31331511)

I don’t know that I’d go so far the other way to infer the market is _fair_ to retail traders, but the 140% short number is not itself evidence of impropriety. All it requires a lot of longs allowing their shares to be lent (check) and a lot of shorts with appetite, conviction, and deep pockets (check).

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