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Message
Robinhood Drawing Down Credit
Posted on 1/28/21 at 4:26 pm
Posted on 1/28/21 at 4:26 pm
Bloomberg Link
Wow... sounds like RH has to GM draw down credit from its credit lines. While normal to use credit this makes me think they were at risk of solvency or liquidity / capital requirements and that is the real reason for the hold on transactions.
It tells me they potentially over lent shares or struggled keeping up. This doesn’t shock me after all of the crashes they have had in 2020.
A key platform losing liquidity would have been a massive disrupter here.
Wow... sounds like RH has to GM draw down credit from its credit lines. While normal to use credit this makes me think they were at risk of solvency or liquidity / capital requirements and that is the real reason for the hold on transactions.
It tells me they potentially over lent shares or struggled keeping up. This doesn’t shock me after all of the crashes they have had in 2020.
A key platform losing liquidity would have been a massive disrupter here.
3
Posted on 1/28/21 at 4:27 pm to CaptainJ47
Clearinghouses increased the capital requirements for clearing GME
Posted on 1/28/21 at 4:31 pm to CaptainJ47
what happens if we have stock or cash there and they go belly up?
Posted on 1/28/21 at 4:32 pm to Smirkeaux
quote:
what happens if we have stock or cash there and they go belly up?
better read your TOC
Posted on 1/28/21 at 4:51 pm to CaptainJ47
Good, time to bleed you Robinhood frickers
Posted on 1/28/21 at 5:10 pm to Smirkeaux
RH is a SIPC member so you have $500k protection and $250k can be cash. Also if you have the RH card to earn interest on your account money, the cash in your RH account is swept among multiple banks and you have FDIC protection for each bank.
This post was edited on 1/28/21 at 9:51 pm
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