Brokerages are able to get away with murder, and do, as your story indicates. The scale of their deception is what really is at the root of the current crisis, and while vaster on scale than your story, originates from the same set of insidious practices.
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Brokerages are able to get away with murder, and do, as your story indicates. The scale of their deception is what really is at the root of the current crisis, and while vaster on scale than your story, originates from the same set of insidious practices.
When I worked for a boutique firm in Philly we had a definate CYA approach to things..for sure.
Not that it was screw the customer every time but there were several times I wondered about why an execution might not go off or why the MM we routed through was slow..
You are definately right about that last message.
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That is very true.
When I worked for a boutique firm in Philly we had a definate CYA approach to things..for sure.
Not that it was screw the customer every time but there were several times I wondered about why an execution might not go off or why the MM we routed through was slow..
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said on Friday
that it may cut ratings on 484 classes of residential mortgage
securities backed by so-called Alt-A home loans. The influential agency
also warned that it could downgrade ratings on 63 classes of net
interest margin securities, a type of derivative that's tied to the
Alt-A backed securities in question. "These actions reflect a
persistent rise in the level of delinquencies among the Alt-A mortgage
loans supporting these transactions," S&P said in a statement.
Total delinquencies for Alt-A transactions issued during 2005 and 2006
have increased 43.27% to 9.90% since July 2007, the agency noted
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just crossed a few minutes ago
SAN FRANCISCO (MarketWatch) -- Standard & Poor's said on Friday
that it may cut ratings on 484 classes of residential mortgage
securities backed by so-called Alt-A home loans. The influential agency
also warned that it could downgrade ratings on 63 classes of net
interest margin securities, a type of derivative that's tied to the
Alt-A backed securities in question. "These actions reflect a
persistent rise in the level of delinquencies among the Alt-A mortgage
loans supporting these transactions," S&P said in a statement.
Total delinquencies for Alt-A transactions issued during 2005 and 2006
have increased 43.27% to 9.90% since July 2007, the agency noted
When Jack Kerouac visited William Carlos Williams, he asked what sage advice Williams could give him about life, writing, or whatever. Williams pointed out the window and said: "Lots of sons of bitches out there!!"
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When Jack Kerouac visited William Carlos Williams, he asked what sage advice Williams could give him about life, writing, or whatever. Williams pointed out the window and said: "Lots of sons of bitches out there!!"
wall,,no more chtr for me,,my sgp coverd those losses,,liz ann saunders,,saw her on the new fox buisness network last week,,that box i believe is with charlie schwab,,and wall as u know every call in a firm is fffiiinnn recorded for the client and for our benefit as well,,,and u also know im sure that the nasd is made up mostly of former brokers so the public almost never will get a fair ruling,,a rigged system ,what a suprise,,,tough week ,time to drink, 2nite its rut over and the over in the knicks in the nba
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wall,,no more chtr for me,,my sgp coverd those losses,,liz ann saunders,,saw her on the new fox buisness network last week,,that box i believe is with charlie schwab,,and wall as u know every call in a firm is fffiiinnn recorded for the client and for our benefit as well,,,and u also know im sure that the nasd is made up mostly of former brokers so the public almost never will get a fair ruling,,a rigged system ,what a suprise,,,tough week ,time to drink, 2nite its rut over and the over in the knicks in the nba
My company installed some new internet browsing software a couple of days ago and it now restricts my access to covers.com because it's considered gaming !!! Perfect timing with the markets rolling over. I'm gonna have to find out the writer/provider and bash them as a POS company on the Yahoo message boards and short these f*ckers.
Anyway, I guess I can take ETFC off my watchlist, especially with the SEC crawling up their arsses now. Hope my money is safe.
Well, going to print this thread, have a couple pints, and get caught up.
Cheers everyone !!!
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DAMN IT !!!!
My company installed some new internet browsing software a couple of days ago and it now restricts my access to covers.com because it's considered gaming !!! Perfect timing with the markets rolling over. I'm gonna have to find out the writer/provider and bash them as a POS company on the Yahoo message boards and short these f*ckers.
Anyway, I guess I can take ETFC off my watchlist, especially with the SEC crawling up their arsses now. Hope my money is safe.
Well, going to print this thread, have a couple pints, and get caught up.
don't forget that the FIRST head of the SEC was old Joe Kennedy, one of the most CROOKED stock manipulators EVER. the reason that you can only short stock on an uptick is that old Joe's syndicate used to "hammer stock" by just naked shorting and shorting and shorting.......until it cratered. MOST of the original SEC rules were designed to STOP the SCAMS that old Joe pulled.
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NASD complience IS a total joke as is the SEC.
don't forget that the FIRST head of the SEC was old Joe Kennedy, one of the most CROOKED stock manipulators EVER. the reason that you can only short stock on an uptick is that old Joe's syndicate used to "hammer stock" by just naked shorting and shorting and shorting.......until it cratered. MOST of the original SEC rules were designed to STOP the SCAMS that old Joe pulled.
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