Reply to Robin Hood just ended trading on GameStop and AMC

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Supposedly ba whistleblower inside of Robin Hood has leaked on WSB that the White House and Sequoia Capital have pressured management at RH to block trading of GME.

Who in the WH requested this is the real question. Maybe it is Biden's new pick Janet Yellen? LO AND BEHOLD, Yellen has received huge sums of money from Citadel, one of the main firm in the middle of this all.

https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223

This could be a huuuuge scandal unfolding. WSB and reddit are exposing the insane corruption of our system.  [/quote]

WSB already debunked this as fake. The dude who posted the rumor was supposedly "low level IT employee of Robinhood" who heard the rumor 3rd hand. So dumb if you believe this without a shred of verification.[/quote]

God it's like we learned nothing from QAnon.[/quote]

It will only get worse if RH and the hedge funds are not punished...

[/quote]

[b]RH let people buy on margin.  They had no choice but to protect themselves. [/b] A lot of people are going to suffer, and it's not going to be hedge funds or trading platforms or banks.  It's going to be small investors who got in over their heads.  The stock is not anywhere near its actual value, and no small investor should be paying more than its actual value.  We can have differences in opinion as to what that value is, but it sure ain't $400.  It's not $100.  [/quote]

Stop right here. This was only one small part of the issue.

The bigger controversy is that Robinhood, Interactive Brokers, and Apex Clearing (which services dozens of retail trading platforms) outright BANNED cash purchases and call options for specific single name equities. There was no margin involved in these trades. They only allowed sales transactions. If you ban purchases and only allow sales, which direction do you think the price will go?!?

The chairman of Interactive Brokers went on CNBC this afternoon and said he was banning purchases of GME because "we want to protect our investors" and "I think it's only worth $17."

F#cking nuts and utterly corrupt. This was all about protecting their hedge fund clients and dumping the losses on retail investors. People should literally be sent to prison for this - it's outright theft.[/quote]

This![/quote]

This is correct and is the big problem. Why stop people from buying with cash, crazy and not fair![/quote]

The brokerages are not risk free in executing these trades.[/quote]

What is the risk of executing a cash trade? [/quote]

The risk is angering the hedge funds.  [/quote]

This. We're out for blood. No one in hell tomorrow's calls on AMC and GME are covered. My rocket is ready to ride.

[img]https://preview.redd.it/af2t6dp725e61.png?width=960&crop=smart&auto=webp&s=8092a511adae797facbdac48d3a29d1a6c04aff1[/img][/quote]

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