You say the DTC is not responsible for determining real shares from bogus ones....yet they appear to making that judgment now...after the fact. How do you account for this? Seems to me they are protecting their owners...and you know who they are...if this trades, the owners are left holding the bag for any bogus shares their clients hold, whether they be counterfeit physical shares...or the NSS kind. Also, what about the MMs that used the 'Madoff Exemption' to make a market for shares that did not exist in the quantities demanded? What about those air shares?
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