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Comment by heybrendan | Hacker News Reader

So what happens to the Archegos bags CS was holding? Why would UBS willingly take on such deep exposure?

We're in a weird timeline when the investors on /r/SuperStonk begin accurately predicting the future.

My guess is the exposure is directly related to the 100b/200b (seeing the later now being reported) in backing on the deal should things go south. The real question is, will that be enough if the (swaps) are as bad as /r/superstonk and other believe them to be?

I'm going to pop some popcorn and watch it play out either way.

> Why would UBS willingly take on such deep exposure?

"Willingly" in what sense? I suspect they were heavily leaned on by the Swiss government.

People have be “predicting” or more like coming to an educated guess using the plethora of public data on these subreddits for many years. I used to be an active poster on wallstreetbets years before the meme stock stuff and there was always people like you who would come after the fact and be like I can’t believe you predicted the future, but they never showed up when I was wrong. It’s only a weird timeline because you probably joined these subreddits after the hype not before.

Impressive. You managed to not answer any of my questions.

Reddit can and does create echo chambers. But that doesn't mean I wasn't willing to fully acknowledge and concede that this Reddit community was /right/ about this.

Dial back your sensitivity. We're on the same side.

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