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by hehehaha 1969 days ago
They had to access money for 3-4 days due to (1) surge in turnover in regards to GME including weekly option rollovers which by Wednesday had ballooned, and (2) influx of new accounts opened with instant access to buy meme stocks.

It was a liquidity issue but if he had come on TV and stated that, there would have been market collapse and utter chaos. I can’t understate how close we got to having a big liquidation event on the entire market, which we still may depending on how this week goes.

1 comments

Does this make it okay to lie to the people utilizing your services?
My honest opinion? If you’re in it to make memes about it then maybe don’t take it too seriously when market breaks due to the collective actions.