01-29-2021, 10:16 PM
Buzz wrote:
Robinhood was/is under-capitalized to play this scenario out at the highest level, and couldn't meet its cash reserve requirements; hence the shutdown while it dug into its credit lines to remain/regain its trading solvency.... If you traded thru Schwab, Fidelity or a real big player, you woulda been fine.
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Here is a YouTube video from MSNBC of Stephanie Ruhle explaining the background for what is happening - including what you say about cash reserve requirement. She's a very sharp person who knows her stuff and knows how to clearly explain what's happening (video is about six minutes long):
https://www.youtube.com/watch?v=LAHLifZzKmg