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Re: XenaLives post# 183181

Wednesday, 02/27/2019 11:29:57 AM

Wednesday, February 27, 2019 11:29:57 AM

Post# of 463445
Patrick Byrne of overstock has written extensively on the problem of fraudulent short sales. In this case shares ours are sold that have not even been borrowed yet. The rules are such that they have three days to deliver those shares if they can’t come up with the shares in the three day time limit it is called a failure to deliver. Unfortunately the three day rule is rarely enforced. And the failure to deliver can go on for a very long time. The corruption is deep. The clearinghouse is a private Company set up by the five largest banks. It has a monopoly on the clearing function. And of course those banks on Congress and the state on the regulators. And now you know why the three day rule is not enforced or why can’t it can’t be just one day or 10 minutes
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  • 5Y
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