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A comment on Robinhood is limiting purchases of stocks: AMC, Blackberry, Nokia, and GameStop. Parent comment

Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by raducu on Thursday January 28, 2021 @03:26PM (#25948548)
Genuinely curios, what type of assets can only be liquidated 33 cents on the dollar?

And what is the likelyhood Melvin had such a significant proportion of their portfolio in such assets?

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by sandworm101 on Thursday January 28, 2021 @03:53PM (#25949038)
Junk bonds. Packages containing failed/failing mortgages. Unsecured medical debt.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by georgeecollins on Thursday January 28, 2021 @05:22PM (#25950271)
Good grief, can you imagine trying to sleep at night with a portfolio of unsecured medical debt? "Pay me for your cancer treatment!"
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by sandworm101 on Thursday January 28, 2021 @06:39PM (#25951126)
If you want to feel good, buy it for pennies and then forgive it. 100$ to you can be several thousand to someone owing the debt.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by hanklazard on Thursday January 28, 2021 @07:05PM (#25951420)
You can do exactly this through: https://ripmedicaldebt.org
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by birktj on Thursday January 28, 2021 @09:13PM (#25952778)
Could you in theory buy your own debt?
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by wyldfire on Friday January 29, 2021 @09:13AM (#25957375)
Yes. Or just negotiate it with the current holder, knowing what it goes for on the market.
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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by bozhark on Thursday January 28, 2021 @07:13PM (#25951544)
This would be a good NFP strategy until US gets universal healthcare

@hanklazard best me to it

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Re:Robinhood is limiting purchases of stocks: AMC, Blackberr... by ethbr0 on Thursday January 28, 2021 @03:46PM (#25948936)
The type of assets that you need to sell in the next hour, of such a magnitude that there are only a few buyers.
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