I'm pretty sure that they weren't planning for it to happen, although it feels like they have safeguards toward everything. Perhaps this was their Achilles' heel?
From what I hear, the hedge fund guys were openly talking about what they were doing on Twitter. Naked short sales are supposed to be illegal, but they've been doing it for so long that they just didn't care about getting caught.
From what I hear, the hedge fund guys were openly talking about what they were doing on Twitter. Naked short sales are supposed to be illegal, but they've been doing it for so long that they just didn't care about getting caught.