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Anyone remember when Chrysler was rumored to collapse? The Feds rescued it.

You must have a problem with the English language.

You should be a funny man at a bar - no serious trading firm will consider you. If they do and its publicly traded, please let me know, so I can short their shares! Brutal enough? I'm not kidding either. I am guessing you cant get a job as a history teacher and thats why you're posting.

Hey Don, Do you have an audited balance sheet?

I see your point, but think of it as paying for their balance sheet. Any pickup in P&L the added leverage gives isnt worth much if a shop closes their doors overnight.

I'd guess that any firm that isnt highly rated credit-wise and rep wise is experiencing client defections.

fly -- I've been playing OSTK lately from the long side and I'm surprised how firm the stock is EVERY day, even when the market ticks down, there seems to be bids around for OSTK. I think if they can get some earnings, you'll see this thing fly.

Why not go direct to RBS and ask them if they have any thoughts on this? The worst thing that can happen is they wont speak to you and thats where you are now. The best is they have a solution you like.

Hhmmm, if you want to work for someone without getting paid, why not apply to a respectable IB and offer to work for 50% of what they hire people for?

Interesting view - but arent you still at risk from the broker blowing up or a lien being placed on the firm? If it was me, I'd try to see if they could sweep the money into some sort of T-bill, or some T-bill equivalent product where your credit risk shifts out of the firm and into something...

I kind of like the QM like this - no noise traders!

Maybe he gets magical results wqith them!

Ninja Trader supports ClearPort as well.

But how do you see that working? The FX broker is worried the cust blows up and doesnt pay up, the cust is worried the broker blows up due to the brokers probs or another cust prob. Maybe they can simply move your money to your own a/c at the same bank the money is held with at the end of...

Bank v broker fine print is a good question. I humbly submit that it depends on the circumstances. In a court run bankruptcy, I doubt anything but the judge matters. In other cases, again, IMO, its the rep of the firm that matters. I once had a boss rip in half a document that lawyers had...

Why do brokers who cliam the best service, cheapest rates, quality service NEVER publicly qoute rates?

You should google what happened to China Petroleum for some idea of what can happen.

Switched to trade OIH today. If a product is a hassle to trade, why bother?

Even briefing is saying theres something going out of the ordinary in OSTK today.

Lawyers have a ethical/contractual responsibility to act in the best interests of their client. Of course the client may direct the attorney to act otherwise, but in bankruptcy, the judge decides. In my very limtied reading of all this, it has always struck me that these type of firms, esp in...