A good article from Z__o H___e:
It’s Not Just Robinhood, Reddit Rebellion Has Clogged Entire Financial System’s Plumbing
(search for it on bing, I don’t know if we’re allowed to post from Z—o H-—e here.)
A good article from Z__o H___e:
It’s Not Just Robinhood, Reddit Rebellion Has Clogged Entire Financial System’s Plumbing
(search for it on bing, I don’t know if we’re allowed to post from Z—o H-—e here.)
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Zero hedge posts a lot of stuff that is actually from someone else-that’s why you can’t make a post to the forum from them. Generally you can find the original author-in this case it appears a lot came from twitter, so I found a thread reader to link to:
Compound248
Twitter logo
29 Jan, 102 tweets, 16 min read
Dear Media,
What’s happening with RobinHood?
A quick primer.
This is a “plumbing” issue. It is esoteric, even for those on Wall Street.
A very long thread on how the toilet is clogged.🚽🧻🪠
Read on
👇👇👇💎💎💎🚀🚀🚀👇👇👇
First: RH was not the only brokerage to restrict buying in $GME et al. Much of the below applies to many brokerages. I’m going to use “RH” in my writing for simplicity and because it’s the most prominent, but it’s not fair to call this a RobinHood issue, per se.
The restrictions impacted retail AND institutional players – many institutional prime brokers (”PBs”) did the same thing to their hedge fund clients.
Why? ...snip...
https://threadreaderapp.com/thread/1355274739351248898.html
good find GW.
Z__o H___e:
you can post a link, just not a thread,
IIRC..