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They were dismissive enough of retailers that it didn't even enter their feeble minds that they might need to be able to cover the costs of a real market manipu
by prohobo 6y ago
They were dismissive enough of retailers that it didn't even enter their feeble minds that they might need to be able to cover the costs of a real market manipulation, the kind that institutions do all the time without having these kinds of problems.
They were always working for their hedge fund investors. They just got a hard slap to the face by the people they claimed to be working for.
And honestly, I'm not very impressed by anyone who would defend them.
- kryogen1c 6y ago> They just got a hard slap to the face by the people they claimed to be working for. youre saying WSB making a stock so volatile that a brokerage cant afford to keep it on its books is a moral victory? what morals are you basing this on? > And honestly, I'm not very impressed by anyone who would defend them. we're commenting on an article about how RH had to borrow billions to stay afloat AFTER they already took action to minimize their exposure. they couldve gone under, and were probably insolvent. im not exactly doing mental gymnastics here.
- zekrioca 6y ago> youre saying WSB making a stock so volatile that a brokerage cant afford to keep it on its books is a moral victory? what morals are you basing this on? The person has already answered it: >> the kind that institutions do all the time without having these kinds of problems.