idk if this has been posted but this is an interesting read. i have one insanely insanely wealthy friend with connections who work on wall st who can somewhat confirm a disaster was seconds away without their interference.
I'm not certain how much truth there is in all this but god damn this might be bigger than a couple hedge funds going under. tomorrow might be a really interesting day. if this reddit post does have some truth to it, i have a feeling they "solved" most of the issues today because big money always wins but still..
*please excuse my slightly tinfoil hat here
https://www.reddit.com/r/GME/comments/l7dg4s/please_understand_why_robinhood_pulled_the_stunt/
idk if this has been posted but this is an interesting read. i have one insanely insanely wealthy friend with connections who work on wall st who can somewhat confirm a disaster was seconds away without their interference.
I'm not certain how much truth there is in all this but god damn this might be bigger than a couple hedge funds going under. tomorrow might be a really interesting day. if this reddit post does have some truth to it, i have a feeling they "solved" most of the issues today because big money always wins but still..
Weirdly enough, big money doesn't always win. We could have a good ol fashioned crisis of capitalism on our hands