You own nothing, so says TD

Discussion in 'Chit Chat' started by stock777, Jul 19, 2009.

  1. by Tyler Durden
    on Sat, 07/18/2009 - 21:18

    If you think you own a security - think again. The DTCC is the Registered Owner - holder - of your stock or bond. The DTCC is the legal property-holder, share-holder, stock-holder, owner and purchaser. This means that your lawful Rights in that stock or bond (by default) are confined to that of a successor or heir of DTCC subsidiary Cede & Company


    omg, what a shocking Revelation.

    Would you call the poster a

    1) Genuis
    2) Tin Foil Hat Wearer
    3) Just another blognut
  2. Along the same lines, if the bank owns my home in part, then how do they not pay the property tax for it? Not MY home, its paid for but you get it.