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OK, thanks for the validation. I think the next step, then, is to observe that I don't see how this can be characterized as a case of Robinhood getting out ove

OK, thanks for the validation. I think the next step, then, is to observe that I don't see how this can be characterized as a case of Robinhood getting out over their skis. Gamestonk looks for all the world to me like it was a black swan event that nobody could have anticipated. And the amount of reserve money Robinhood's clearer required is, realistically, set by the clearer. I suppose technically Robinhood could have held more, but that seems like the kind of thing that no consortium of mere humans would ever actually do, right? Just something a monday morning quarterback might say they should have done.

filoleg 4y ago
> I suppose technically Robinhood could have held more, but that seems like the kind of thing that no consortium of mere humans would ever actually do, right? Yep. That's why RH wasn't the only major brokerage that disabled buying of GME on that day. They just got the most media coverage. Probably because most of superstonk users, I assume, used RH instead of other brokerages, or because RH was an easy target for the media. Webull, Schwab, IB, and some other brokers restricted GME trading activity during that time as well, here is a list with details on each major brokerage someone on WSB has compiled[0]. I cannot verify all of those myself, but I can confirm that Webull definitely restricted it as well, as I used it myself during that time period. But that little fact wouldn't support the whole "shadow cabal" conspiracy theory though, so it gets conveniently omitted in almost every discussion of it by superstonk users. 0. https://www.reddit.com/r/wallstreetbets/comments/l6xlw3/robinhood_td_ameritrade_charles_schwab_trading/ https://www.reddit.com/r/wallstreetbets/comments/l6xlw3/robi...