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That's exactly how it works. What you are describing is the standard IB B.S. speech. It has been debunked multiple times, starting from the time of DLJ.
by notyourday 9y ago
That's exactly how it works. What you are describing is the standard IB B.S. speech. It has been debunked multiple times, starting from the time of DLJ.
- kelnos 9y agoHuh? I'm not saying it's reasonable/good or doesn't involve cronyism and "discounts" for "favored" investors, but what I described is actually how it works.