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I'm ignorant. In your example, the bank manipulated the housing price and now owns the house, earning them an asset. The the Robinhood example, they (maybe) man
by SamBam 6y ago
I'm ignorant. In your example, the bank manipulated the housing price and now owns the house, earning them an asset. The the Robinhood example, they (maybe) manipulated the price, and then forced you to sell, so you now have the money. They don't now own the proceeds from the sale (except what you already owed them). These don't seem similar.
- ric2b 6y agoIf you only look at Robinhood, sure, they're not gaining anything. But look further up, and you'll see that their main client (~40% of their revenue), Citadel, is looking at major losses if this keeps going.