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Can you explain how it's possible that 99% of shares were held by owners that were willing to loan their share? Surely at least 2% of GME was owned by "regular
by esrauch 6y ago
Can you explain how it's possible that 99% of shares were held by owners that were willing to loan their share? Surely at least 2% of GME was owned by "regular people" whose shares just sit in their brokerage accounts?
- dragontamer 6y agoThose brokerage accounts loan the shares out and collect some interest %%% while waiting. The shares don't have your name on it. It has like Robinhood's name on it, holding on behalf of the customer.
- esrauch 6y agoI was completely unaware this was a thing: that means there can be a "run on the bank" if all of the customers wanted to sell on a short time period, and they don't actually have the shares to cover the sales?