John Street Capital on the Markets, Retail Investing, Regulation and Why He’s Bullish on Crypto (EP.165)
Panic with Friends - Howard Lindzon
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Democratizes? O Shut Up?
"It wasn't even a run on the bank as much as it was arun on the fact that they didn't have the intrday collateral beset all right, because we still settled t plus two," he says. "And i think hat the big fault that they had was not having the observation systems in place to see that they ware going to bump up against collateral requirements in certain names." 'They moved off apex a couple of years ago to become self clearing, and i think that you really need people that have done this before doing it'
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