Trading platform debacle

You have no idea what's going on dude.

Assets frozen-people can transfer their assets out of RH/IBKR to fidelity etc.

Worst that could happen is hedge funds go insolvent and brokerages who are holding the shorts for these guys can't claim and go insolvent.

Brokerages like Fidelity hold millions in GME and will do just fine. Those who lent out shares are pretty fucked if they can't claim from hedgies and they still have to pay cash to customers they borrowed stocks from if those customers decide to sell.

You think brokerages are too big to fail? Robinhood almost bankrupted and had to get 1B emergency cash line lol. Let's see how long it holds up if the price goes to 500 on Monday.

Obviously everyone getting fucked is doing all sorts of shit and risking jail time but it remains to be seen if their tactics work.

/r/singaporefi Thread Parent