4 ms·
Is it Robinhood's money? Are they required to maintain reserves to cover 100% of the loans they issue? If not, then it's not their money.
by smaddox 10y ago
Is it Robinhood's money? Are they required to maintain reserves to cover 100% of the loans they issue? If not, then it's not their money.
- theseatoms 10y agoGood point. I sure hope that they're required to hold 100% reserves on loans. I'd like to see an end to fractional reserve banking. That's not unique to Robinhood, but part of a much larger conversation—one that more people should be having.