I have a feeling GME sped-up the plan. The economy was bound to shit the bed, GME knocked out a huge pillar holding it up.
GME would, in theory, exchange hundreds of billions, and even trillions of dollars back to regular people.
This alone probably strung along more institutions that could have been “saved” despite a market crash. Just means more opportunities for common folk, and a lot less institutional power ALL across the board.
Whatever they want. They have full rights to them in a catastrophic event. Not to mention they could be entirely liquidated and you only get SIPC coverage for your shares ($500k max).
Also technically Cede & Co (Cabal) own them if they aren’t DRS’d. I personally DRS’d the majority of my shares and left IRA & a few shares at a couple different brokers.
The ONLY play.
I have a feeling GME sped-up the plan. The economy was bound to shit the bed, GME knocked out a huge pillar holding it up.
GME would, in theory, exchange hundreds of billions, and even trillions of dollars back to regular people.
This alone probably strung along more institutions that could have been “saved” despite a market crash. Just means more opportunities for common folk, and a lot less institutional power ALL across the board.
Gov knows it’s gonna fall anyways, this is why they’re running the cash printer full speed, trying to bide as much time as possible.
There’s no way out of it. However there would be slight “relief” in all them taxes.
But then again, I don’t expect the feds to give a fuck regardless.
BUY. HODL. DRS.
I also have some of my shares in a brokerage account and I’ve been a little worried. What do you think they might try to do??
Whatever they want. They have full rights to them in a catastrophic event. Not to mention they could be entirely liquidated and you only get SIPC coverage for your shares ($500k max).
Also technically Cede & Co (Cabal) own them if they aren’t DRS’d. I personally DRS’d the majority of my shares and left IRA & a few shares at a couple different brokers.
Not financial advice. I just like the stock.
Can you explain what DRS is, and how to go about doing it?