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Would they have gone out of business if they had suspended trading as opposed to suspending just buying?
by oneeyedpigeon 6y ago
Would 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.