NotMyOldRedditName

Dlr is canada and takes 3 days.

And even a +1 day is a long time. And then there's weekends and holidays. So you could do something on Thursday, Fridays a holiday, so then it's Monday is the +1 and you are settled and complete on Tuesday morning.

A lot can happen between a Thursday morning trade and Tuesday morning, and a lot can happen in a regular +1 day. The markets don't really care about non business days and shit happening.

Same day within minutes settlement would be huge.

It would reduce the settlement time from multiple days to likely minutes.

When you trade a stock today, it's not actually complete for 2 or 3 business days as it has to go through the settlement process. Generally, it doesn't cause problems for retail traders as exchanges act like its completed, but even for us it can introduce real issues sometimes and delay you from making a trade.

For example, in Canada, the cheapest way we can convert CAD<-->USD is through a process called Norbits Gambit.

You buy DLR.TO (CAD) or DLR.U.TO (USD) and then your have them journal your shares from one to the other for free, or a small fee like $10. You don't pay an exchange rate fee, however, because the trade hasn't actually settled when you buy the shares for 3 days, they can't journal them. So for 3 business days you're exposed to any fluctuation in the exchange rate. Generally that's cheaper than what a bank will charge you and it's the risk you take. It's also a 1 way risk, I can't recall if it's USD -> CAD or CAD -> USD, but one of them is locked in, and the other is exposed. (Edit: It's DLR.U.TO that exposes you. Holding either is like holding USD, so when you buy DLR.TO you already bought the USD value in CAD)

At WealthSimple, when you sell some shares, you can't actually transfer the money to your bank account on the same day. The balance isn't available to transfer.

I'm sure it can cause more problems for professional traders and institutional stuff, and even other ways it impacts us that I don't know about.

Don't forget to sell the unicycle when you buy the car.

I think the point is, if you're not carrying 4 passengers all the time, why the fuck did you buy a car when you could have bought a unicycle instead?

I bet the cage will be gold since Trump loves gold.

if(true) { return deny } else { return deny }

RFK Jr announces that the environmental hazard causing autism is being hit by a neutrino while in the womb!

So, turns out Tesla really is going to try and get the verdict tossed by the judge due to trial and/or jury mistake rather than (or in addition) to an appeal.

https://storage.courtlistener.com/recap/gov.uscourts.flsd.593426/gov.uscourts.flsd.593426.568.0.pdf

Tesla Is Entitled to Judgment as a Matter of Law (or at Least a New Trial) on Liability. For Tesla to be liable in any amount for this tragic accident, Plaintiffs were required to prove both that Tesla’s 2019 Model S was defective in some way and that the defective design or warnings caused McGee to blow through a stop sign and crash his car into an SUV that was parked well off the road when he was pushing the accelerator while fishing around for his phone. Lesnik v. Duval Ford, LLC, 185 So. 3d 577, 581 (Fla. Dist. Ct. App. 2016). Plaintiffs’ liability case hinges on two experts whose testimony did not meet the standards established by Federal Rule of Evidence 702. Especially without their testimony, the record cannot sustain the verdict. But even with their testimony, Plaintiffs failed as a matter of law to establish that the 2019 Model S—which provided a carefully engineered system and offered extensive warnings on its breakthrough Autopilot system—was defective or caused the injuries that Plaintiffs suffered after McGee crashed into Benavides and Angulo. The Court should grant judgment as a matter of law in Tesla’s favor on liability or, at a minimum, a new trial.

Edit: Also I was asking googles AI about differences between the term JMOL and what I saw and posted about earlier JNOV, and they're apparently the same thing. One used to be for before the verdict, and one after, but now it's just the same term. They're basically saying the Jury got it wrong with or without the evidence.

Still a greater Louisiana problem

Overall, according to Louisiana's Department of Health, "four black mothers die for every white mother" in the state. It outpaces a three-to-one ratio nationwide, which is already the worst in the developed world, Politico reported.

https://www.businessinsider.com/gop-senator-la-outlier-maternal-death-rate-skewed-black-women-2022-5

"For whatever reason, people of color have a higher incidence of maternal mortality"

🤦

Causing damage for political purposes - terrorists.

Death penalty.

Then they'll ban you for life like they do other people who violate their rules, and they're very good at banning people who try to open new accounts and banning people who have any links to you.