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A comment on Robinhood is said to draw on bank credit lines amid tumult. Parent comment

Re:Robinhood is said to draw on bank credit lines amid tumult by CrazyStat on Thursday January 28, 2021 @08:27PM (#25952381)
That was their second post of the day. Their first post [1] made no mention of liquidity or clearinghouse deposit requirements, but rather framed the decision entirely in terms of "helping" customers deal with volatility.

That post was at best misleading.

[1] https://blog.robinhood.com/news/2021/1/28/keeping-customers-...

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Re:Robinhood is said to draw on bank credit lines amid tumult by Igelau on Thursday January 28, 2021 @08:53PM (#25952604)
The first one looks like a form letter that they had on deck for "we need to stop trading right now" situations and they just plugged in the list of symbols. The second one is the more adequate explanation for when there was time to get actual humans involved.
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Re:Robinhood is said to draw on bank credit lines amid tumult by kahrl on Thursday January 28, 2021 @10:43PM (#25953574)
It was a lie.
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