Pretty much. That's why people say go local.
But then there is the Depository Trust Co. that someone brought up a few days ago. At 55 Water St NYC (5:5, watch the water?) They are supposed to own all the banks or something. They are said to have cleared $1.6 quadrillion last year.
This kind of consolidation corrupts absolutely. We will probably need to unite as a planet, but not under these predators. House cleaning comes first.
Buy GME shares through your broker, then DRS them. Takes them out of the broker/DTCC pool, changes it from street name, which is basically your broker, and transfers it to Computershare, where your name is put on your shares. Those shares are then in your name, and cannot be lent out by anybody.
Pretty much. That's why people say go local.
But then there is the Depository Trust Co. that someone brought up a few days ago. At 55 Water St NYC (5:5, watch the water?) They are supposed to own all the banks or something. They are said to have cleared $1.6 quadrillion last year. This kind of consolidation corrupts absolutely. We will probably need to unite as a planet, but not under these predators. House cleaning comes first.
Buy GME shares through your broker, then DRS them. Takes them out of the broker/DTCC pool, changes it from street name, which is basically your broker, and transfers it to Computershare, where your name is put on your shares. Those shares are then in your name, and cannot be lent out by anybody.