News for hackers. Stuff that matters.

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 totalZero on Thursday January 28, 2021 @11:54PM (#25954110)
This explanation is unsatisfactory. If clearing stock trades were the problem, RH could have limited buy orders to fully cash-secured transactions only.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by Confusion on Friday January 29, 2021 @01:03AM (#25954559)
Theoretically, yes. In practice their UI simply may not have that option and you don’t just build something like that reliably on such short notice.
[ Parent | on HN ]
Re:Robinhood is said to draw on bank credit lines amid tumult by TheKarateKid on Friday January 29, 2021 @12:17AM (#25954276)
Or restricted accounts whose cash transfers didn't settle yet.
[ Parent | on HN ]