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> "Not being able to transact GME" is one thing, but they disabled the ability to buy, and kept the ability to sell. That’s because the clearinghouse margin re
by quickthrowman 4y ago
> "Not being able to transact GME" is one thing, but they disabled the ability to buy, and kept the ability to sell.
That’s because the clearinghouse margin requirement would be lowered if people sold GME, it wasn’t a nefarious plot to destroy the share price.
There was a massive buy side imbalance on GME which required enormous amounts of cash margin at the clearinghouse. Sales of GME would lower the margin required. Do I need to restate that a third time so you understand?
Melvin Capital shuttered their fund recently anyways, the apes won.