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Re: nsomniyak post# 5179

Friday, 08/11/2017 5:20:13 PM

Friday, August 11, 2017 5:20:13 PM

Post# of 17395
nsomniyak, thank you for this info! I called Fidelity on this, and although they don't promote it, they do have the program and they sent me forms. They only have 7K retail customers enrolled. Reg brokerage accounts and IRA, and I will use both. They also borrow cash as collateral for your accounts to cover 101% of the value of the stock that they lend out. You could lend out SNAP today and earn 40%. If you add up all the parties and counter parties and loan, this is VERY expensive for the shorts. Let them eat cake....
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