Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Dnorman who wrote (5108)	8/23/2002 3:37:09 PM
From: Jim Willie CB	Respond to of 89467

I think all brokers will have a tough time, but the worst will be seen with those whose future is tied with investment banking, highbrow banking, and mastercards Schwab has no invbanking, and is not connected to anything else so many other brokerages are subject to risk of lawsuit since they are tied to invbanking Salamon SB is a subsidiary of Citigroup and Citibank has $13B at risk in Brazil (to go bad by winter) the combo of shholder lawsuit and defaulted sovereign debt will be awesome to watch Schwab is already trimming down their overhead is larger than some slim online brokers who knows? I expect some brokerages to go under and a few onliners to go under I have thought more and more about protecting myself and I highly recommend it to others have your stocks issued into certificate form and mailed to you you are NOT imposing on the broker house it is your right as an investor that is the old-fashioned way that was done for decades the new way is never to see your shares except on a screen I expect every single niche within the financial sector to be shaken to its core this autumn & winter / jim