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Comment by tptacek | Hacker News Reader

This is a WSB conspiracy theory. What in fact seems to have happened (I'm going from a reported account in Fortune) is that the NSCC substantially waved a multi-billion-dollar collateral call that would have bankrupted Robinhood because they halted trading in the meme stocks at question. WSB has taken this to mean that NSCC was unconcerned with the collateral risk.

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What evidence do you have that the NSCC waiver was conditional on a voluntary trade halt? I haven't been able to find the article that you mentioned

https://www.google.com/amp/s/fortune.com/2021/02/02/robinhoo...

The article quotes a third party source who claims "According to the source close to the NSCC, the lower amount came about because of Robinhood’s decision to limit trading in GameStop and other meme shares." but then the article goes on to directly say "While Robinhood did speak with executives at NSCC, the conversation entailed confirming that limiting the stock sales would count toward reducing its $3 billion collateral demand—but did not result in the amount being reduced." I don't believe this is good counter evidence as mentioned in the above comment, it seems self contradictory if anything. How could it be conditional if there was no negotiations, yet the entire thing was waived on a discretional basis?

Rubbish. TD Ameritrade, WeBull and half a dozen other brokers with gigantic balance sheets also suspended trading. This was a rug pull executed by Robinhood on behalf of it's clients.

I've read this 3 times trying to figure out how you didn't just pose a self-refuting rebuttal.

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