This is how it's getting explained
Wall Street traders are currently raging, as online "degenerates" successfully execute a massive short squeeze of GameStop, forcing hedgefunds to be bailed out for billions of dollars
https://www.theguardian.com/business/20 ... all-streetMelvin took out a loan to short GME
It went up and now he has to pay up.
He liquidates his assets but it isn't enough.
The bank he got the loan from is on the hook for his bad decisions. If they can't pay it back, because autists keep driving the price up, they go bankrupt.
Then the bigger banks are on the hook - and so on and so forth all they way up to the fed.
The federal government of the United States may literally have to print money to buy gamestop stock back from a bunch of nerds.