TL;DR- The DTC has been taken over by big money. They transitioned from a manual to a computerized ledger system in the 80s, and it played a significant role in the 1987 market crash. In 2003, several issuers with the DTC wanted to remove their securities from the DTC's deposit account because the DTC's participants were naked short selling their securities. Turns out, they were right. The DTC and it's participants have created a market-sized naked short selling scheme. All of this is made possible by the DTC's enrollee- Cede & Co.

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Andrew MoMoney - Live Coverage

I hit the image limit in this DD. Given this, and the fact that there's already SO MUCH info in this DD, I've decided to break it into AT LEAST 2 posts. So stay tuned.

Previous DD

1. Citadel Has No Clothes

2. BlackRock Bagholders, INC.

3. The EVERYTHING Short

4. Walkin' like a duck. Talkin' like a duck

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Holy SH*T!

The events we are living through RIGHT NOW are the 50-year ripple effects of stock market evolution. From the birth of the DTC to the cesspool we currently find ourselves in, this DD will illustrate just how fragile the House of Cards has become.

We've been warned so many times... We've made the same mistakes so. many. times.

And we never seem to learn from them..

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In case you've been living under a rock for the past few months, the DTCC has been proposing a boat load of rule changes to help better-monitor their participants' exposure. If you don't already know, the

I've been spending a lot of time reading up on the history and evolution of SPACs, the causes of the SPAC boom, why companies SPAC, and who invests in SPACs. Here is what I've learned:

SPAC Ancestors

SPAC-like companies have existed for many years starting in the early 1700s in England with blind pools during the South Sea Bubble. Blind pools made their way into the US as investment trusts during the Roaring 20s. They emerged again as blank check companies during the booming and fraud-filled penny stock market of the 1980s. Sadly many of these blank check companies where pump and dump schemes orchestrated by sketchy boiler room brokerage firms à la Wolf of Wall Street. Due to the rampant fraud in penny stock markets congress passed the Penny Stock Reform Act in 1990 which gave the SEC the power to regulate penny stocks. The SEC then issued Rule 419 setting regulations and investor protections for blank check companies which largely killed them off. Thousands of blank check companies where created in the 80s while only around a dozen where created during the early 90s after regulation. However it also caused a new type of company to form, the SPAC.^(1)

The Birth of SPACs

SPACs where first created by David Nussbaum and his firm GKN Securities Corporation in the early 1990s.^(2) His SPACs avoid regulation as a blank check company under SEC Rule 419 by being too large to qualify as penny stocks namely by making sure the IPO raises over $5 million and shares are priced at over $5. However he also adopted many of the regulations that the SEC had put on blank check companies like requiring that the SPAC hold most of it's money in an escrow account invested in liquid government-backed securities, requiring that the SPAC spend at least 80% of its money on the acquisition, requiring the SPAC to make a deal within 18 months or give the money back, and giving investors the chance to get their money back if they don't like the deal. SPACs didn't adopt all the Rule 419 regulations most notably SPAC investors can trade their shares before it deSPACs.^(3) SPACs were also designed as a sort of private equity substitute which public market investors can invest in. Because of this SPAC structure tries to mimic private equity fund structure in some ways. For example the 20% promote received by SPAC sponsors mimics the 20% carried interest private equity fund managers usually receive.^(2)

Fifteen SPACs IPO'd in the early 90s but SPACs died out by the end of the decad

#Happy Tuesday, Barkada --

#The PSE gained 2 points to 7283 ▲0%

The Solar Philippines Nueva Ecija Corp [SPNEC pre-IPO] will set its final IPO offer price today, but we might not hear about that until tomorrow.

I also have a couple of great interviews coming up, so keep your eyes open for these "Inside the Boardroom" special reports sometime in the next few days:

• Pammy Olivares-Vital, President of Ovialand, on Ovialand's preparations for its 2022 IPO, and the fascinating role of the Pag-Ibig Fund in mass market housing; and

• Ramon Monzon, President of the Philippine Stock Exchange, on the recent issue with PSE EASy refunds, and how IPO allocations are determined.

Shout-outs to Alec, @n0mpeh, Palaboy Trader, Chris Darko, Joe Latham, mArQo, Just’n, TODAY! Headlines of the Day, Chip Sillesa, Lance Nazal, Lysender, Evolves Capital, Inc., Stephen Chiong, and Jing for the retweets, and to Kathryn Felice Catahan, Mike Ting, and Evolves.co, for the FB shares.

#▌In today's MB:

>- [NEWS] Converge [CNVRG 30.80 ▼1.44%] investor sells 420 million shares in Friday block sale... The shares were sold by CNVRG’s American investor, Warburg Pincus, through its Coherent Cloud investment company. Coherent Cloud sold 419,800,000 shares of CNVRG at ₱30.00/share, reducing its overall stake in CNVRG from 15.8% to 10.25%. As a nice side effect, the public float (the shares owned by the general public) increased from 20.4% to 26.0%. The price paid was at a slight discount to the market price at the time of the trade, which was conducted by block sale with Morgan Stanley and UBS as joint bookrunners for the sale. > - MB: *CNVRG doesn’t seem to be focused too much on the price of the trade, as they’ve got their eyes on inclusion into the Morgan Stanley Capital International (MSCI) Index; CNVRG’s President, Grace Uy, thinks that having a larger public float will put CNVRG into a “stronger position” when it comes to the upcoming index inclusion review. (That might be more than speculation, considering Morgan Stanley acted as a bookrunner for the deal.) A larger public float usually means more willing buyers and sellers, which makes for

Good morning, good afternoon and good evening all you lovely apes. My name is u/piece-friendly and I’m a crayon eating apetard.

Y’all ready for some of that sweet, sweet DD?

Buckle up…

So let’s get started at the beginning…

As a quick intro, I’ve been an investor in GME since January, I’ve seen the rips and I’ve seen the dips. In February, when u/deepfuckingvalue doubled down, I also did too. I have incredible faith in the turn around of GameStop, the new leadership team and their drive to give value to shareholders - this wonderful community I’m proud to be in.

During March and April I went fully tinfoil. I went down rabbit hole after rabbit hole, sponging everything I read, learning about new terminology, new processes and expanding my smooth brain and grew some wrinkles.

Since May, I’ve really taken a bit of a back seat and chilled out a bit, taking time to concentrate on my job, my pregnant gf, and a life I nearly blanked out through absolute commitment, some would say obsession, for the stonk.

Quite recently I’ve seen the likes of u/dlauer, Wes, Trimbo talking about the serious issues with the stock lending market, and I wanted to draw to your attention to some of the research I gathered some time back that should be known and more widely recognised. It’s not something that I’ve seen covered in many of the DDs from the likes of u/atobitt u/heyitspixel u/rensole u/criand u/sharkbaitlol or others, but totally forms another part of a big ol’puzzle.

So firstly for the smooth brains that don’t read good, what’s stock or securities lending?

“Securities lending is the practice of loaning shares of stock, commodities, derivative contracts, or other securities to other investors or firms. Securities lending requires the borrower to put up collateral, whether cash, other securities, or a letter of credit.

When a security is loaned, the title and the ownership are also transferred to the borrower. A loan fee, or borrow fee, is charged by a brokerage to a client for borrowing shares, along with any interest due related to the loan. The loan fee and interest are charged pursuant to a Securities Lending Agreement that must be completed before the stock is borrowed by a client. Holders of securities that are loaned receive a rebate from their brokerage.

Securities lending provides liquidity to markets, can generate additional interest income for long-term holders of securities, and allows for short-selling.” (https://www.investopedia.com/terms/s/securit

I don't want to step on anybody's toes here, but the amount of non-dad jokes here in this subreddit really annoys me. First of all, dad jokes CAN be NSFW, it clearly says so in the sub rules. Secondly, it doesn't automatically make it a dad joke if it's from a conversation between you and your child. Most importantly, the jokes that your CHILDREN tell YOU are not dad jokes. The point of a dad joke is that it's so cheesy only a dad who's trying to be funny would make such a joke. That's it. They are stupid plays on words, lame puns and so on. There has to be a clever pun or wordplay for it to be considered a dad joke.

Again, to all the fellow dads, I apologise if I'm sounding too harsh. But I just needed to get it off my chest.

Hi friends, before we begin the information in this post is probably going to be a bit controversial. I'm not posting this with the intention to cause an argument, I simply just found some interesting connections that I believe you should be aware of. Further, this post is more of an update post - please investigate the whole narrative before commenting so as to avoid unnecessary arguments.

Genesis Post

Summary: Kestra Advisory Services have an 8 trillion dollar portfolio according to Fintel and 4 13F files that popped up in the last 12 months - with the first 13F being filed November 2020. Kestra Advisory Services are the No.1 holder of Blackrock Fund: IWM Institutional Ownership - iShares Russell 2000 ETF. This video will help you understand why this is important to our narrative. Upon Investigation I discovered that Kestra Advisory Services is actually part of a much larger group, the Kestra Allegiance. After examining the Kestra Allegiance in more depth I found Kestra Private Wealth Services and another 3 13F files, again all submitted since November 2020. This brings the total portfolio value of Kestra to $10.5 trillion. Kestra also have a thick history of corruption and fraud according to numerous SEC changes. - Please see original post for all the links.

Part 1

Summary: The main argument against Kestra having a $10.5 Trillion portfolio all of a sudden is that it must be a mistake. In this post I examine exactly how such a mistake could have been made. I also highlight the fact that these mistakes have not been amended and they also seem to align with some pretty weird things that Kestra were doing around November 2020. I also dig thorough Kestra's history and find a direct connection to NFP Holdings, LLC a financial firm that has been ordering large quantities of 3-HYDROXYBUTYRIC ACID SODIUM from several Chinese Biotech companies - all in the last 12 months. - Please see original post for all the links.

Part 2

Summary: In this post I investigate the connection between Kestra and Blackrock as well as introduce the 'Kestra

Alot of great jokes get posted here! However just because you have a joke, doesn't mean it's a dad joke.

THIS IS NOT ABOUT NSFW, THIS IS ABOUT LONG JOKES, BLONDE JOKES, SEXUAL JOKES, KNOCK KNOCK JOKES, POLITICAL JOKES, ETC BEING POSTED IN A DAD JOKE SUB

Try telling these sexual jokes that get posted here, to your kid and see how your spouse likes it.. if that goes well, Try telling one of your friends kid about your sex life being like Coca cola, first it was normal, than light and now zero , and see if the parents are OK with you telling their kid the "dad joke"

I'm not even referencing the NSFW, I'm saying Dad jokes are corny, and sometimes painful, not sexual

So check out r/jokes for all types of jokes

r/unclejokes for dirty jokes

r/3amjokes for real weird and alot of OC

r/cleandadjokes If your really sick of seeing not dad jokes in r/dadjokes

Punchline !

Edit: this is not a post about NSFW , This is about jokes, knock knock jokes, blonde jokes, political jokes etc being posted in a dad joke sub

Edit 2: don't touch the thermostat

Do your worst!

First off, this is not in-fighting, this is clarifying and hopefully for the very person I write this for - enlightening.

My approach in general is that I am handing out lights, but I wanna be honest - yours atobitt - occasionally go out in the very darkest places.

And I really hope this is not intentional, because what you are essentially creating is blind followers, dependent on you. But the worst is, you don´t realize your dependance on them.

Every DD that followed after "The everything short" reiterated errors and literally bend reality to fit your thesis, even after you were proven to be wrong many times by other DD Writers.

Your understanding in regards to the bond market is flawed and you drowned out any remarks into that direction, to the point of even ganging up on commentors, while reiterating errors long after they were made public.

So while the beginning of this DD may come off as harsh and stern, my intentions are to elaborate, that everyone contributed to uncovering - be it through morale engagement, informing or by educating others.

No one here was wrong about their research, their efforts and sleepless nights.What got many through, were these random DDs adding up with their own conclusion and random strangers on the Internet, who maybe know 4-6 words, but kept everyone informed and in delight. So start to be aware that everyone helped in their own way. And consider input as addition, not as substraction of your thesis, because if you ignore too many, your thesis will have too many holes left.

https://preview.redd.it/zox4n8i615v61.png?width=883&format=png&auto=webp&s=f7f0a6ec18518a63ebdf7c83fedd0265fb6b9068

Link to u/crazysearch´s DD:

https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/gsx0wrx/?utm_source=share&utm_medium=web2x&context=3

https://preview.redd.it/cpl94cce15v61.png?width=919&format=png&auto=webp&s=7f260a2234c31a1d92ef20877fa5af072b50a38e

=> That´s why DD Writers should only work with assumptions and not phrase their input as factual. Because a Theory is always adjusted to reality and not the other way around as you did - bending reality to fit your Thesis.

Even your own audience admits, even through memes, that they have a hard time to follow you, which is not only due to the sheer amount of your input

Ants don’t even have the concept fathers, let alone a good dad joke. Keep r/ants out of my r/dadjokes.

But no, seriously. I understand rule 7 is great to have intelligent discussion, but sometimes it feels like 1 in 10 posts here is someone getting upset about the jokes on this sub. Let the mods deal with it, they regulate the sub.

They were cooked in Greece.

I'm surprised it hasn't decade.

Two muffins are in an oven, one muffin looks at the other and says "is it just me, or is it hot in here?"

Then the other muffin says "AHH, TALKING MUFFIN!!!"

Don't you know a good pun is its own reword?

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

It really does, I swear!

And now I’m cannelloni

Because she wanted to see the task manager.

But that’s comparing apples to oranges

And boy are my arms legs.

Heard they've been doing some shady business.

but then I remembered it was ground this morning.

Edit: Thank you guys for the awards, they're much nicer than the cardboard sleeve I've been using and reassures me that my jokes aren't stale

Edit 2: I have already been made aware that Men In Black 3 has told a version of this joke before. If the joke is not new to you, please enjoy any of the single origin puns in the comments

BamBOO!

They’re on standbi

A play on words.

My daughter, Chewbecca, not so much.

Pilot on me!!

How the hell am I suppose to know when it’s raining in Sweden?

Christopher Walken

Nothing, he was gladiator.

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

Or would that be too forward thinking?

At work, I have a workstation.

edit: cheers u/cheer_up_richard

First off, this is not in-fighting, this is clarifying and hopefully for the very person I write this for - enlightening.

My approach in general is that I am handing out lights, but I wanna be honest - yours atobitt - go out in the very darkest places.

And I really hope this is not intentional, because what you are essentially creating is blind followers, dependent on you. But the worst is, you don´t realize your dependance on them.

Every DD that followed after "The everything short" reiterated errors and literally bend reality to fit your thesis, even after you were proven to be wrong many times by other DD Writers.

Your understanding in regards to the bond market is flawed and you drowned out any remarks into that direction, to the point of even ganging up on commentors, while reiterating errors long after they were made public.

So while the beginning of this DD may come off as harsh and stern, my intentions are to elaborate, that everyone contributed to uncovering - be it through morale engagement, informing or by educating others.

No one here was wrong about their research, their efforts and sleepless nights. What got many through, were these random DDs adding up with their own conclusion and random strangers on the Internet, who maybe know 4-6 words, but kept everyone informed and in delight. So start to be aware that everyone helped in their own way. And consider input as addition, not as substraction of your thesis, because if you ignore too many, your thesis will have too many holes left.

https://preview.redd.it/omq1u537chv61.jpg?width=883&format=pjpg&auto=webp&s=a2feec9327a9b04b21437a89f94859e17a12214f

Link to u/crazysearch´s DD: Debunking the "The everything short"

https://preview.redd.it/5noz7d5fchv61.jpg?width=919&format=pjpg&auto=webp&s=0b27de899574034fd245704f0b3ae5dc5961e4e7

• => That´s why DD Writers should only work with assumptions and not phrase their input as factual. Because a Theory is always adjusted to reality and not the other way around as you did - bending reality to fit your Thesis.
• => Even your own audience admits, even through memes, that they have a hard time to follow you, which is not only due to the sheer amount of your input, but also the discrepancies that do not add up. Especially how you phrase your DD
• **=> So let me reiterate too, this is the last beer I