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๐Ÿ“ณ Social Media

Dr. T on Twitter: Oh, I didn't say they can't/don't keep track of FTDs and FTRs. Trust me, if a broker owes something to DTCC, they keep track of it! Likewise if broker owes broker! The question is: will they tell household investors? <spoiler alert!> No

Dr. T on Twitter: Oh, I didn't say they can't/don't keep track of FTDs and FTRs. Trust me, if a broker owes something to DTCC, they keep track of it! Likewise if broker owes broker! The question is: will they tell household investors?
dismal-jellyfish ๐Ÿ“ณ Social Media

Dr. T on Twitter: OK, but Apples & Oranges. Fed gives net income (less capital replenishment) to Treasury:$107.4 billion for 2021. "Cede" or DTC [not DTCC] "rebates" net income (less cap repl) to DTC members: $0 for 2021, $25 million for 2020.

Dr. T on Twitter: OK, but Apples & Oranges. Fed gives net income (less capital replenishment) to Treasury:$107.4 billion for 2021. "Cede" or DTC [not DTCC] "rebates" net income (less cap repl) to DTC members: $0 for 2021, $25 million for 2020. Fed could
dismal-jellyfish ๐Ÿ“ณ Social Media

Dr T on Twitter: Hard to understand why Issuers still allow this in underwriting agreements: "In connection with this underwriting, UNDERWRITERS MAY OVERALLOT [trade more than we offer) to MAINTAIN THE MARKET PRICE AT A LEVEL ABOVE THAT WHICH MIGHT..

Dr T on Twitter: Hard to understand why Issuers still allow this in underwriting agreements: "In connection with this underwriting, UNDERWRITERS MAY OVERALLOT [trade more than we offer) to MAINTAIN THE MARKET PRICE AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL." [false price support] Reddit Post
dismal-jellyfish ๐Ÿ“ณ Social Media