[Libloather]

All your Benjamins are belong to us.

[Secret Agent Man]

All your fiat money belong to us.

[volare737]

As if we needed another reason to own precious metals.

[Responsibility2nd]

https://www.perplexity.ai/search/https-www-foxnews-com-opinion-3qZ2dKDhS0aZtSBJtMwKAw#0

[Jonty30]

It is really unfortunate that the only time you have the assurance of no fraud investment will be eternity.

[dayglored]

So it appears this “news article“ is an opinion piece by a guy selling a book. Not that there’s anything wrong with that.

[lee martell]

This possibility (remote, but present) is but one reason I closed my Wells Fargo account and transfer most of my retirement savings to a small local bank, almost nobody has ever heard of.

The other reason is my W.F. account was twice invaded by ‘sources’ who called me, pretending to be part of the Wells/Fargo Fraud Prevention Unit, when actually, they were the Sharks circling in the water! First time, I was a blabbermouthed fool and got stolen from. Next year, I knew the signs and just hung up. I closed my accounts at that bank the next day. W/F needs to look closely and ask why it’s credit/ debit accounts are so easily invaded.

[PGR88]

Under the current DTC model, most investors no longer directly own their securities. Instead, they hold what the law refers to as a "security entitlement." This arrangement is contractual in nature. It grants certain rights and protections, but it does not confer direct registered ownership.

My mother used to collect stock certificates from the companies in which she invested her savings (AT&T, IBM, etc) - I remember them clearly. Very official looking, many like works of art. She held these shares/stocks for decades.

Would having actual certificates of ownership, held in one's own hands, avoid dealing with his Depository Trust Company?

[KC_Conspirator]

democraps are perfectly fine on this

[cherry]

And there is nothing whatsoever we can do about it...take your money out and you will pay a ton of taxes...move it to reserves?..like that is safe.

[Fido969]

This, unfortunately, has been true for a while. The investment house owns the apartment actual stock. You only hold and account that says you have that stock.

[RoosterRedux]

Bfl

[RoosterRedux]

The idea of "Wall St" taking your account (per the title of this article) would have to be the result of such a catastrophic and unprecedented cascade of failures–regulatory, legal, political, and financial simultaneously–that it probably means that your stocks would have lost most of their value anyway.

It's a bit like worrying about someone stealing your car after a catastrophic accident has already totaled it.

[newfreep]

Ursula von der Leyen, EU President, recently stated their intention to use “private accounts” to fund “progressive investments”.

[rellic]

DTC able to confiscate TIAA/cref?

[redfreedom]

Scares like this have been around for decades. I just sit back without worries while my 401K/IRA just keeps growing and providing income that is reinvested right back.

[SomeCallMeTim]

Ping

[Vaduz]

Safe and Mason jars sales on the increase.

[Tunehead54]

For later - thanks.

😎

[Dalberg-Acton]

"The public are like sheep, and sheep are made to be shorn."
- William Boyce Thompson

[dljordan]

I wonder who paid for that legislation and do they live in NYC?