LB's - "the edited stock pit"

[stocktoastcrunch]

lance, hey thx for relaying this. with the DTC having cleared these shares, where does that leave their culpability in this - the shares that are settled and cleared in our accounts are un-ignorable now, are they not? Should the DTC have caught this, or should the brokers/clearing firms caught it first. What is the responsibility primarily of the clearing firms that brokers use in a situation like this, given that the flow process is basically electronic. i am trying to get a sense of the food chain here and the process. And since DTC is not some government unbiased agency but is owned mostly by big money / big brokers - ultimately they will HAVE to buy these back, will they not - how could they escape it? did your DTC contact give you any sense on that?
I wonder why these brokers arent lined up in spades with a per-share settlement offer right now, as opposed to facing a buy-in?
thx for reporting on this. contacting dtc was a very keen move.

stc