Re:Robinhood reports 43% revenue decline
by geph2021 on Friday April 29, 2022 @03:39PM
(#31209754)
I wonder if Robinhood could have changed their GME margin requirements?
Not sure if that's allowed, but surely that would have allowed them to unwind some (margin call everyone who is leveraged long), and some customers who were willing to put up 100% to cover their GME buys could keep buying.
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As mentioned in my other comment, they can't use customer funds to fund collateral requirements.
Re:Robinhood reports 43% revenue decline
by quickthrowman on Friday April 29, 2022 @06:23PM
(#31211281)
No, the clearinghouse wasn’t going to change margin requirements, because those exist so transactions are completed………it’s the entire purpose of a clearinghouse.
This subject is infuriating to discuss, nobody understands the basics of why it happened!!