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Matt Levine comments on this today: https://www.bloomberg.com/opinion/articles/2018-12-14/nyse-needed-some-pretend-traders https://www.bloomberg.com/opinion/art

by kgwgk 8y ago

Matt Levine comments on this today: https://www.bloomberg.com/opinion/articles/2018-12-14/nyse-needed-some-pretend-traders https://www.bloomberg.com/opinion/articles/2018-12-14/nyse-n... "There is a lot of confusion about what Robinhood’s thing is. Delightfully, it is called “Robinhood Checking & Savings,” apparently because calling it a “checking account” or a “savings account” would come too close to implying that it is a real bank account insured by the Federal Deposit Insurance Corp., while “checking & savings” is not a thing and so does not carry that implication. A magic ampersand!"

MrMember 8y ago
That's great. It's like the "chicken wyngz" you can buy at the grocery store that are probably chicken but can't legally be called wings.
- conanbatt 8y ago
  I prefer the chikken wings, which are probably wings but cant be legally called chicken.
  - plopz 8y ago
    You should try the Frozen Dairy Dessert.
    - doctorOb 8y ago
      Or processed cheese food [1] [1] https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfcfr/CFRSearch.cfm?fr=133.173 https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfcfr/CFR...
      - ceejayoz 8y ago
        Try "potted meat food product" on for size. Ingredients: Mechanically Separated Chicken, Beef Tripe, Partially Defatted Cooked Beef Fatty Tissue, Beef Hearts, Water, Partially Defatted Cooked Pork Fatty Tissue, Salt. Less than 2 percent: Mustard, Natural Flavorings, Dried Garlic, Dextrose, Sodium Erythorbate, Sodium Nitrite
        Scoundreller 8y ago
        Seems like a good way to value-add the parts of animals that would otherwise get turned into dog food or exported.