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gtv

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gtv

Re: Big Mur post# 16618

Thursday, 07/19/2007 9:32:00 PM

Thursday, July 19, 2007 9:32:00 PM

Post# of 51429
I'm still a bit unclear on how deep the rabbit hole goes.

Since there are so many NSS floating around, what if the 400K that Schwab grabbed today will be FTD? Then they have to keep buying more until they can finally get real shares?

Also, when a FTD occurs, does the brokerage just have to wait for the MM to deliver eventually? or does the broker take the loss and say the customer has the shares?
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