One Step Ahead

[zeninvestor32]

ADDENDUM 4

Just a thought. The NSCC rule filing may also have limitations in terms of application to prior events of negligence and willful misconduct. For example, if I caused an accident 6 months ago and had a policy with a settlement cap of $500k but subsequently changed it to a $100k cap, anyone suing me later should fall under the terms of the policy in effect at that time. Obviously, I haven't seen the terms of this rule filing and its details but that's just something to keep in mind. The NSCC/DTC may be protecting themselves from all FUTURE fallout as a result of what may be exposed in the very near future. Your guess is as good as mine but it sure is fishy when in March the DTC comes out to ADAMANTLY deny that there are any naked shorting problems ( http://www.dtcc.com/PressRoom/2005/euromoney_letter.html ) and yet just 6 weeks later puts into effect a change in their liability for gross negligence, willful misconduct and Federal securities law violations. Talk about backpedaling!!!