Hey! I’ll admit I’ve slept a bit on the status of DRS estimates between the quarterly report numbers… thank your for taking up the mantle of providing this data!

Replace “teller” with “bank” because we are talking about legal ownership, not physical control.

They don’t have anything but a responsibility to care for it

While they absolutely “have a responsibility” to you, they also benefit from holding it, so your “anything but” rhetoric is incorrect. Brokers and banks alike earn money by lending the assets the have, despite their corresponding liabilities.

Do you think there isn’t a “clear record” without direct registration (from your other comment)

Correct. Legally, you have a “security entitlement”. Per UCC 8-503, the property interest you have a result of this entitlement is merely “a pro rata property interest in all interests in that financial asset held by the securities intermediary”, i.e. what your broker actually has, which is (a) opaque to you as a customer, and (b) is fundamentally difficult even for them to pin down - as it is composed primarily of their DTC account balance, ideally but they undoubtedly have many derivatives, transactions to settle (which can extend beyond 2 days because FTDs are common), shares lent out that are due to them, etc. So while the number of security entitlements in your account has a clear record, your property interest in the issuer does not have a clear record.

Reuploaded to OP!

@Chives@lemmy.whynotdrs.org doesn’t user tagging work?

The “event timestamp” is most likely stored in epoch seconds but being interpreted as epoch milliseconds. If you correct that, it works out to March 3rd, 2021.

Edit to add: Regardless, I am calling this a nothingburger, I’d be willing to bet that the 999… value is just a placeholder for unknown values.

Maybe if you have a fever, and the only prescription is more DRS

(sorry, couldn’t resist)

I’ve been going with Liquidate Wall Street personally

It’s the older one that was made for actual collaboration on the drsgme.org website.

I’ve re-uploaded it to my Google drive: https://drive.google.com/file/d/1gqT4UdIoURT_LFZko3tpnfqzNc7pffcc/view?usp=sharing

Thanks Miller!

As if the implosion of untethered corruption weren’t reward enough!

In more words: there are a spectrum of possible outcomes, but I do think there is a significant possibility that in attempting to deliver the underlying securities and thus closing out net short positions, the market price would go astronomically high, and that some of that could be paid for by liquidation of other institutional assets. I don’t have enough confidence in capitalist financial institutions to assign high probability to “full” payouts at MOASS market prices, but even “merely” the destruction of exploitative wealth hoarding necessary for a partial payout would result in more financial equality and less financially-driven social dysfunction, which is motivation enough for me. (Also worth keeping in mind that the exposure is not limited to individual short parties, but also to all members of the relevant clearing/depository organizations, pursuant to the rules of those organizations and their own individual self interests.)