Del191229
He bangs the drums
- Aug 21, 2018
- 33,006
- 83,152
I fully expected a bunch of people to be left with nothing but squat. I expected billion dollar speculators to cry for bail outs.
But, as cynical as I am about capitalism, I did not expect to see what RobinHood has allegedly done. My guess is that they have less in assets to lose in a law suit than the hedge funds stand to lose in their short positions.
Think of Robinhood like the betting apps that won't let you put on a wager their algorithm tells them you're likely to win a lot of cash on.
They're there as a conduit for your money upwards, not to actually give you a fair chance at making money.





