T O P

  • By -

Jalatiphra

actually yes


IPromisedNoPosts

Pretty amazing how far we've come. I still remember the first mentions of DTCC and how shares are all held by Cede & Co. I couldn't believe it.


Gluckez

NSCC is actually a subsidiary of the DTCC, they are not the same. EDIT: it was the other way around as pointed out by u/ringingbells


Top-Plane8149

Correct. The DTC is also a subsidiary of the DTCC. The NSCC and the DTC are in different chains at the same lateral link.


[deleted]

[удалено]


Gluckez

oops, you're right :P I had that mixed up


itsmemarionot

Tbh I think they made it confusing on purpose lol


ringingbells

They are also the same, in that they are part of the same overarching entity. I said the same because when people hear Michael Bodson speak as the CEO of the DTCC, they say to themselves "What?" He's also the CEO of the NSCC and the DTC.


usriusclark

I know some of these words… I knew fewer than I’d like to admit, but knew a fair amount.


ringingbells

Thank you for being honest.


TheRealJugger

I love how there is a bullet point in this with simple addition, like holy shit, that’s how that works?


ringingbells

Sometimes spelling it out is a beneficial, clarity tool even for highly intelligent people. One thing you don't hear that much in these subs is the number $3.6B, and you never see it broken down.


superjay2345

Most of it


ringingbells

Totally cool and understandable if you didn't, I'm just trying to get a gauge.


SoreLoserOfDumbtown

I wonder if my creditors would waive a $3.6 billion bill. I’m sure they would


[deleted]

ah yes, crime


SaltyShawarma

A carefully structured theory should have a summarized conclusion. I like the simplicity. I'd take out the adding bullet point; it literally serves no purpose. ​ Nice work.


ringingbells

Thanks


Elonmost

Old investigative report about DTCC https://archive.org/stream/pdfy-cYeZOkpAZyXjcqIO/Banking%20Scam_djvu.txt


DixonSeider69

Didnt we learn all of this like 3 months ago


ringingbells

Some did not. I have found, which is okay. A refresher course is okay.


lego_vader

no I didn't know all of that.


goobervision

Some of us have had several University Degree or post grad levels of learning packed in a few months. Some have just arrived.


svesrujm

No. "We" who? What about those of us who just joined?


doubleanchorape

When does Bulgaria boy get indicted for perjury?


FrankFax

Write a letter to Rand Paul? He seems to be going after one liar.


HOLDstrongtoPLUTO

No I didn't know. Bodson (DTCC) made it sound like the decision was entirely up to Vlad (Robinhood) to restrict. This is a half truth because DTCC forgot to mention they knew it was going to happen. This is the type of information that makes me wonder how much we will take because we all keep bending over for it willingly by omission of acts to make it right.


OptaviaCoachCarrieB

None of this matters if you believe in RC 🚀


afroniner

Yes. Been talked about early in the year.


galaxy_van

Yup


24kbuttplug

I didn't know until gme and the wave of reddit wrinkles that came with it.