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E19: Breaking down Robinhood's GameStop decision: Why did it happen and how can it be prevented in the future?
All-In with Chamath, Jason, Sacks & Friedberg
What Would You Have Done if You Were a Banker?
The Wall Street bank was under aquetized, according to the former CEO of Citi. He says they let people trade with high margin and in volatile stocks. The capital markets were originally set up for investing in businesses rather than trading things up and down. "It has effectively become a synthetic casino, or a synthetic gambling model," he said.
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