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matrix

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matrix

Re: Art2Gecko post# 77385

Wednesday, 05/09/2007 3:07:30 PM

Wednesday, May 09, 2007 3:07:30 PM

Post# of 159752
Saying the DTC forced this action doesn't make sense.

The system supposedly still has a number of FTDs. Let's assume Megas' story is true that those who have stock canceled can take action against their brokers. After the lawsuit, the DTC and brokers will be in the same situation they were before filing. The only way I can see the DTC recommending this idea is if cancellation voids delivery requirement, or Megas cuts more certs.

ohbull said the idea came from Legacy. That's more believable because they weren't tied up in the mess.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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