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This explanation is plausible, but then the question becomes RH's lack of openness, and its CEO's laughable non-answers in interviews on the issues. Their hand
by himinlomax 6y ago
This explanation is plausible, but then the question becomes RH's lack of openness, and its CEO's laughable non-answers in interviews on the issues.
Their hands may be tied here, but they look bad any way you look at it, and for good reasons.
- valuearb 6y agoThe only honest answer the CEO can give is “we are a thinly capitalized startup with a unique business model, that meant when the DTCC jacked margin requirements on BME further trades would have pushed us into insolvency” That’s not the kind of message any CEO wants to put out in public,
- rdiddly 6y agoIt can be spun. "We did it to ensure the stability and integrity of our platform."
- valuearb 6y agoSure but if the the statement gets too close to admitting a liquidity crisis the market will close their doors the next day.
- himinlomax 6y agoThat maybe a reason to lie, but that's still fucking lying.