Authored by Michael Snyder via TheMostImportantNews.com,
Have you ever heard of the Depository Trust & Clearing Corporation? What about Cede and Company? If those names are foreign to you, then you don’t really understand how the core of our financial system really works. A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold. Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act. Someone needs to investigate how these decisions were made at the DTCC, and if laws were broken those that were responsible for the decisions need to go to prison.
http://feedproxy.google.com/~r/zerohedge/feed/~3/FIr0gxL9yy8/these-are-shadowy-new-york-financial-institutions-forced-robinhood-restrict-trading-certain
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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