Re:Robinhood stock trading app confirms $110M raise at $1.3B...
by smaddox on Wednesday April 26, 2017 @04:07PM
(#14206498)
Is it Robinhood's money? Are they required to maintain reserves to cover 100% of the loans they issue? If not, then it's not their money.
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Re:Robinhood stock trading app confirms $110M raise at $1.3B...
by theseatoms on Wednesday April 26, 2017 @04:56PM
(#14206908)
Good point. I sure hope that they're required to hold 100% reserves on loans. I'd like to see an end to fractional reserve banking. That's not unique to Robinhood, but part of a much larger conversation—one that more people should be having.