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> Is what RH doing legal for a brokerage?

At this point, nobody cares - Reddit found a repeatable distributed exploit that cannot be patched, and the financial system's self-preservation instinct kicked in.

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The big short was the same thing. The VW short squeeze too. This is nothing new. The fix is to just close your short position.

I love that movie it shows them 'fixing the House' / messing them around in other ways. ratings houses refusing to downgrade MBS rates and the banks that wrote Burry's trade refused to execute until they also were on the right side.

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