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Specifically mentioned by Nancy Pelosi as a possibility back when the TARP thing was originally being debated. Is that mainstream enough? OldTrader

Recently someone tried to make an unauthorized charge on a credit card I've had for about 10 years with Bank of America. So I had the card cancelled, and reissued under another number. Today, I received the new card and called to activate it. A customer rep gets on the phone, goes through a...

I haven't had a single problem recently. OldTrader

C'mon now...having read any number of your posts, you aren't really averse to communism and/or other forms of statism, are you? OldTrader

I have AVG 7.5 installed on 3 computers, the paid version on all. No problems, and I update daily and run scan. I definitely downloaded updates every day in November. In fact, I've never had any problem at all with the software. I believe I've been running it for 5 years or thereabouts...

Well guys, Bush helped to sell capitalism down the river. Wave goodbye. That said, is there a politician in either party who is not in agreement? Obama? Barney Frank? Chris Dodd? Nancy Pelosi? Harry Reid? Anyone? I think not. Bush simply reflected the principles that are alive...

Hi Brandon: Thanks for relating your story here. I think it was Hemingway who spoke of "grace under pressure", the relatively few opportunities we all have in life to act with "grace" and "courage" when confronted with life and death situations. I admire the courage and grace with which you...

Actually, the benchmark is fed funds, not libor. Used to be libor but they changed to fed funds quite a number of months ago. Fed funds is currently under 1/2%. OldTrader

The bottomline is that they don't liquidate unless you're under maintenance. Like someone else said, it's one thing if they liquidated $100K in positions for $1100 under maintained. But I doubt that's what happened. My guess is you've got a small account, probably very few positions. Without...

I recall the worry that MF Global was going broke. Was that just earlier this year? LOL. Evidently they got good commissions though. I don't think our OP cares about that. But for those that do, make sure you check their financial statements and net capital. By the way, there are no...

That's called "fraudulent conveyance". Amply covered in bankruptcy law. It's not an original idea to try to eliminate some assets from a bankruptcy. OldTrader

My understanding of the wash sale rule would lead me to believe that stopping trading for the last 30 days of the year would be sufficient. I can't see what the first 30 days of the next year would have to do with it. OldTrader

I don't regularly read the P/L thread, but I thought svenzn (spelling?) was a futures trader. Maybe I got it wrong. I've been trading index futures since the beginnings. First Value Line, later S&P beginning in 1982. Now ES. I've never posted to the P/L thread, although I have read it a...

The way I read your question, it is a question regarding bankruptcy rather than having anything to do with a mortgage. In a bankruptcy, all assets and liabilities are placed into the bankruptcy. The bankruptcy trustee settles the debts with the proceeds from any assets. Trying to keep an...

I guess you don't remember the crisis that almost put Velocity out of business earlier in the year. Would it have made a difference what your day trade margin was if the company was gone? LOL. Today I watched the ES move 30 handles down in 9 minutes (that included 12 handles in 1 minute)...

After 8-10 years with IB, I've never had a so-called "phantom trade". In fact, I've had remarkable few difficulties over the years. Yet, we have guys who come on here with every conceivable problem. Makes you wonder why there is such a difference in results from one trader to the next...

Bullshit. No CUSTOMERS got hammered at all. Perhaps instead of panic mongering what you should do is attempt to determine the facts concerning IBs financial condition, and the rather considerable further insurance backing for brokerage accounts. OldTrader

I'm not worried either. Frankly, I think the IB account is safer than the SIPC that insures it. Not that I think the government won't back that up either if necessary. OldTrader

That leaves buring it in your backyard. OldTrader

Push the limit? This moron claims he gets a margin liquidation at $4.50, but is profitable at $4.80. LOL. Not likely, but you see who you're dealing with. OldTrader