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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
The Third Is We Need to Improve Disclosure
The crooks were able to borrow 125 billion dollars, hundred and 25 billion on the four point eight billion of notional so they were able to lever themselves up 26 times. The rules at the s c right now is to discourage disclosure. We should force everybody to publish what they n on a weekly or monthly basis. A platform like robin hood can decide what's bought and what's sold. And then, e, i think that we should have a short term trading tax. If you had passed this ten basis point tax in 20 18 on churtram trading, it would created a trillion dollars almost.
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