99.9% of brokerage account investors have no idea what is being done to them when their stock certificates are registered in “Street Name”. It allows their broker to lend their shares to short sellers, driving down the price of your investment. Additionally, this method allows the broker to “re-hypothecate” your assets and borrow money against your shares so they can speculate in the derivatives market.
“These hidden risks are the seeds of tomorrow’s ultimate collapse of broker dealers which could dissipate the assets of customer accounts as experienced in the MF Global fiasco.”
http://www.jsmineset.com/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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