>what the brokerage needs to do is take a loan against the settled cash they are... | Hacker News

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		gruez on Jan 31, 2021 \| parent \| context \| favorite \| on: Why Robinhood disabled buys but not sells >what the brokerage needs to do is take a loan against the settled cash they are already holding in escrow for ~24 hours. and that's exactly what they did. On thursday night they secured a $1B loan.

sokoloff on Jan 31, 2021 [–]

That's not exactly what they did. What they did was to get $1B in funding against other assets that are actually theirs.

Just because your house is worth $1M doesn't mean that I (being "not you") can go get a mortgage pledging your house as collateral.

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