Thursday, February 17, 2011 2:21:46 PM
However the company is still viable and has not filed BK, therefor brokers are still locked into a fiduciary responsibility to their clients on their IOU's
The brokers Need money to buy certs to fill demands from clients for their certs,(direct from the company) so the DTCC lends the brokers the funds, the brokers in turn go to the shorting clients with a FED/Margin call,if they do not respond, they will sell shares held as collateral to in turn pay the DTCC back the borrowed funds..
Nothing hard about it.................
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