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re: The Face of Scum: Interactive Broker's Chairman Thomas Peterffy on CNBC

Posted on 1/28/21 at 5:06 pm to
Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 1/28/21 at 5:06 pm to
Once again, some of y’all don’t understand the dynamics of all of this.

Robinhood has drawn on multiple credit lines today. If you think they’re fricking you by stopping trades, wait until you see how difficult it will be to trade if they fail.

ETA- this isn’t a hedge fund problem.
This post was edited on 1/28/21 at 5:21 pm
Posted by NotoriousFSU
Atlanta, GA
Member since Oct 2008
10262 posts
Posted on 1/28/21 at 5:12 pm to
Anyone still trading on RH after this farce is a cuck.
Posted by NYNolaguy1
Member since May 2011
20936 posts
Posted on 1/28/21 at 5:18 pm to
So a giant hedge fund might go under because they made bad financial bets?

Perhaps they should make better financial decisions.

This reeks again of "too big to fail" mixed in with "we protect our own".
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80804 posts
Posted on 1/28/21 at 6:13 pm to
quote:

Robinhood has drawn on multiple credit lines today. If you think they’re fricking you by stopping trades, wait until you see how difficult it will be to trade if they fail.

Good, really hope they get fricked into oblivion
Posted by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5728 posts
Posted on 1/28/21 at 7:16 pm to
quote:

Once again, some of y’all don’t understand the dynamics of all of this. Robinhood has drawn on multiple credit lines today. If you think they’re fricking you by stopping trades, wait until you see how difficult it will be to trade if they fail. ETA- this isn’t a hedge fund problem.


Can you explain what this means and why not allowing further purchases of GME is in the best interests of those that would otherwise want to buy it? How does Robin Hood fail by letting the hedge funds that bet badly on GME fail?
Posted by Taxing Authority
Houston
Member since Feb 2010
57398 posts
Posted on 1/28/21 at 7:22 pm to
quote:

ETA- this isn’t a hedge fund problem.
Its been a great real-time observation on how propaganda works. The autists have been told and are parroting “we’re sticking g it to hedge funds!” with zero idea of what’s they are actually doing—or to whom.

There were some really nice regulatory roll backs scheduled in March to help small investors. Almost certain to get shelved because of this.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 1/28/21 at 8:11 pm to
quote:

this isn’t a hedge fund problem.


Yea it is. They should’ve closed out there positions awhile back so they didn’t screw over brokers
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55858 posts
Posted on 1/28/21 at 8:18 pm to
My issue is less with robinhood shutting things down and more with CSNBC et al rushing to save the hedge fund with suit guests and misleading headlines
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