Roaring Kitty to testify on GameStop alongside hedge fund managers

Re:Roaring Kitty to testify on GameStop alongside hedge fund... by avereveard on Sunday February 14, 2021 @09:56AM (#26132876)

of course, but if you buy without margin the balance in your account should already be enough to cover the collateral.

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Re:Roaring Kitty to testify on GameStop alongside hedge fund... by gruez on Sunday February 14, 2021 @10:24AM (#26133103)

But it's not the brokerage's money on the line, it's DTCC's. From the perspective of the DTCC, there's no difference between a retail brokerage buying $10M of GME and lehman brothers buying $10M of GME.

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Re:Roaring Kitty to testify on GameStop alongside hedge fund... by ric2b on Tuesday February 16, 2021 @05:40PM (#26159702)

But if the brokerage already has your money they can use it to post collateral. And yet they banned everyone from buying. A lot of stuff doesn't add up here.

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