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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
I'm Not Sure I Wouldimpune All the Motives to Them.
Hedge funds have known for years, sory dears, how this business worked when somebody buys a call option. They are legally obligated to post margin on behalf of that person. So they went through this liquidaty crisis and saw it building in the system. This was nothing except negligence. But where i totally agree with uchamot is with respect to the effects of their decision. And specifically, they didn't stop people from selling. They only stop people from buying. The effect of that was we had these hedge funds from wall street. They were on the ropes, right? I mean, let's discuss who these guys. These are the apex predators of wall street. They
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