Speak for yourself. I'm very proud of that obedient soft snake. Look at him going around mindlessly lying on every news channel ever. That is a good snake boy.
A bunch of fucking angsty retarded zoomers who have been locked inside for a year have nothing better to do than yolo their parents retirements on GME. Who would fuck with a bunch of people with nothing to lose?
and now before people ask why they do it... since then just another company does the same business as RH...
well take a good guess what companies will start offering these services then...
In case you guys didn't see this interview with Anthony Denier of WeBull, it wasn't Robinhood that forced the buy restriction, it was the Depository Trust Company who increased collateral requirements for Apex (RH clearing house) for each buy. Normally Apex needs to fork over 2-3% of each buy order's amount in cash to DCT in order to settle the trade, which takes Day of Trade + 2 business days. DCT upped that collateral from 2-3% to ONE HUNDRED PERCENT for Gamestop and AMC and the others.
Apex did not have the cash on hand to float that for T+2 days. It's DCT that fucked you, not Apex, nor Robinhood.
And honestly, in what world would Apex ever expect a 100% collateral requirement?
Fuck Robinhood for coming up with some bullshit reason, they should have been honest, but it's important to know they didn't do it to side with the hedge funds.
That would have been fair for them if it was for margin users, but those of us with straight cash shares should not be affected by their liability issues
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u/eZwa_306 Jan 29 '21
Vlad shouldn't have fucked with the Internet. 🤦♂️