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Boris the Spider

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Boris the Spider

Re: None

Saturday, 02/12/2022 8:09:11 PM

Saturday, February 12, 2022 8:09:11 PM

Post# of 735911
Why escrow checks make more sense.

Could this all be by design? If the brokerages were to handle escrow payments it gets pretty complicated. Since W9s are involved, the IRS gets 28% off the top, which gets complicated with brokerage accounts when large sums are involved. Plus some investors may not want that money with a broker and would rather have checks sent so they can deal with them how they wish.

So there could be a reason this was done. Don't panic quite yet. There could be a method to this madness. Something is up. COOP goes thru the roof on big volume on a down market day....plus they board $50B at the same time....where the hell did that money come from?! $50B???

Give it some time peeps. Could get very interesting soon.
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