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Post# of 159752
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mastaflash

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mastaflash

Re: LexTrader post# 137752

Friday, 09/23/2011 3:13:01 PM

Friday, September 23, 2011 3:13:01 PM

Post# of 159752
No, imo. Our IOUs come via two sources...1) backed by PinoShares on deposit at DTC, and 2) borrowed on those PinoShares many times over as result of abuse of the SBP at DTC. There is nothing now of course. Our IOUs have ZERO backing at DTC. I don't know of any other case that this has happened.

Lets kiss make up and take these thieves on. - Carlton Huxley

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