| After the huge MF fiasco how secure or safe are places like Computershare, BNY Mellon, American Stock Transfer and others that are supposed to be re-investing dividends or accepting direct investments from folks wishing to invest directly into companies ?
A dangerous precedent has been established. MF folks thought they had contracts or statements that showed positions and ownership of what they actually held. Those were much like stock re-investment and purchase plans. Have we reached a point in time where only actual stock certificates and money in hand can be relied on as being yours ? That immediately forces one to consider return OF principal instead of return ON principal.
Sure there are supposed to be safeguards in place but look at CME's refusal to back up their claim that : No customer has ever lost a penny as a result of a clearing member default at CME group.
Has the outright and blatant theft and fraud permeated every aspect of the financial community to a point that you can no longer trust anyone? If we have indeed reached that point the end truly is very near. If folks ever get wind that they are at risk of having investment, retirement, IRA and 401K accounts stolen or be subject to claw backs for getting out after seeing that things are not on the up and up it's going to get ugly and fast or is this simply the way the govt. plans to seize all retirement and pension funds by paying little interest but guaranteeing the principal will be there. |