I don´t have time now to explain the Volkswagen short squeeze in detail. It is well explained by Bloomberg. It is a crazy story. Hedge funds were shorting Volkswagen until Porsche started buying its shares and all the shorters were forced to cover. As a result Volkswagen right now is the most valuable corporation in the world its shares are up 90%. It is worth 100 times more than GM, 12 times more than Boeing. And the banks who were shorting it have lost their shirt. Can somebody end this madness? These are the banks that all of us are financing through our tax money?
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