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They would have gone out of business if they did not restrict trading and GME went back down to the 20-40 USD range though.
by skizm 6y ago
They would have gone out of business if they did not restrict trading and GME went back down to the 20-40 USD range though.
- oneeyedpigeon 6y agoWould they have gone out of business if they had suspended trading as opposed to suspending just buying?
- skizm 6y agoSelling helps them cover all the loans they gave out to pretend that buying / selling stocks is instant (and depositing money). The clearing house they use dramatically increased the collateral needed due to market volatility and they basically did not have the cash. They literally had to go raise another billion dollars in funding over night to cover costs.