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tsa
Feb 3, 2014

Facebook Aunt posted:

I love the wording here. We weren't robbed, some of our individual customers were robbed. Some of our customers were not robbed. Too bad for those guys who got robbed though. Don't blame us, blame the guy who robbed you.


Can you imagine a bank claiming some particular customer accounts were robbed rather than the bank itself being robbed? Yeah, sorry, the sack of money with your account number on it was stolen, so your money is gone.

Actually they just spread the loss to all investors- everyone is taking a 30 something percent cut.

Three-Phase posted:

Does the broker get left holding the bag if he just declares bankruptcy?

Can't get blood from a rock.

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