Post by imSINGLEruRICH on Mar 22, 2007 0:12:47 GMT -5
By: narvo0
21 Mar 2007, 08:38 PM EDT
Msg. 338662 of 338671
Jump to msg. #
And NASAA Files A Great Amicus Brief Lambasting the DTCC
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 3/20/2007 5:34 PM
NASAA just issued forth a remarkable Amicus brief in the Whistler case, lambasting the DTCC's position that it should be answerable to essentially nobody for its role in an alleged fraud against investors.
NASAA argues that the DTCC, a private monopoly, shouldn't be above the law, or recourse in state court, because of the laughable, "Too big to fail" arguments it has advanced.
And consider the hubris required to try that argument in the first place.
Read the Amicus brief here.
www.nasaa.org/content/Files/Amicus_Whistler_Brief.pdf
21 Mar 2007, 08:38 PM EDT
Msg. 338662 of 338671
Jump to msg. #
And NASAA Files A Great Amicus Brief Lambasting the DTCC
Location: Blogs Bob O'Brien's Sanity Check Blog
Posted by: bobo 3/20/2007 5:34 PM
NASAA just issued forth a remarkable Amicus brief in the Whistler case, lambasting the DTCC's position that it should be answerable to essentially nobody for its role in an alleged fraud against investors.
NASAA argues that the DTCC, a private monopoly, shouldn't be above the law, or recourse in state court, because of the laughable, "Too big to fail" arguments it has advanced.
And consider the hubris required to try that argument in the first place.
Read the Amicus brief here.
www.nasaa.org/content/Files/Amicus_Whistler_Brief.pdf
