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Is There a Systemic Risk?
If you and i own those shares, why do we need them be held by an intermediary? If we hold em on our our ap, our wallet, if theyare tokenized on our wallet, but in our schwab orr t d or our mei, whatever accounts they're held on behalf of that. Why does that exist? In one part, to take fees on fees on fees that they don't disclose as fees because lawyers made it constructed as a way where only investet management fees,. These aren't commissions, they're processing fees. So oure paying more than you did when you were paying a stockbroker in the eighties, yes, but you have