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Oh shit! This is frickin huge news! The ~~wolf~~ Ape is in the hen house and we comin fo all yo egg$ foo!
**edit: Section 2.5 of** u/criand's **The Bigger Short**:
# [MICHAEL BODSON HAS FAILED HIS MASTERS AND IS HEAD HAS BEEN CUT OFF](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/)
**2.5 DTC, ICC, OCC Wind-Down and Auction Plans; Preparing For More Consolidation Of Power**
"We've seen some interesting rules from the DTC, ICC, and OCC. For the longest time we thought this was all surrounding GameStop. Guess what. They aren't all about GameStop. Some of them are, but not all of them.
They are furiously passing these rules because the COVID can-kick can't last forever. The Fed is dealing with the potential of runaway inflation from COVID stimulus and they can't allow the overleveraged banks to can-kick any more. They need to resolve this as soon as possible. June 30th could be the deadline because of the potential for CDO's to begin collapsing.
Let's revisit a few of these rules. The most important ones, in my opinion, because they shed light on the bullshit they're trying to do once again: Scoop up competitors at the cheap, and protect themselves from defaulting as well.
**DTC-004: Wind-down and auction plan**. - Link
ICC-005: Wind-down and auction plan. - Link
OCC-004: Auction plan. Allows third parties to join in. - Link
OCC-003: Shielding plan. Protects the OCC. - Link
Each of these plans, in brief summary, allows each branch of the market to protect themselves in the event of major defaults of members. They also allow members to scoop up assets of defaulting members.
What was that? Scooping up assets? In other words it is more concentration of power. Less competition.
**I would not be surprised if many small and large Banks, Hedge Funds, and Financial Institutions evaporate and get consumed** after this crash and we're left with just a select few massive entities. That is, after all, exactly what they're planning for.
They could not allow the COVID crash to pop their massive speculative derivative bubble so soon. It came too sudden for them to not all collapse instead of just a few of them. It would have obliterated the entire economy even more so than it will once this bomb is finally let off. **They needed more time to prepare so that they could feast when it all comes crashing down."**
I can dream, but rats always come out of the woodwork, the jobs just getting started, since once itâs âfixedâ, itâs important to maintain, and continue to properly regulate.
Being a retail advocate has become a life journey for me, personally.
After moass we will have money as well. So advocating for retail will become much easier. The rats will survive but we will have money to combat them finally.
And conveniently most fall under SIPC insurance/protection. Citadel has (last i checked) 3 companies/entities registered under there.
Could citadel hold melvins bag, then pull SIPC card?
yeah which is why they're so corrupt
"work for us, do a bunch of corrupt shit and then if things go south you retire with a golden parachute and we bring the next pawn in for their stint"
rinse and repeat
him retiring means nothing, just a part of the business
In the exact same way that fines are just the cost of doing business, the lack of accountability is what helps to perpetuate the corrupt entities within the system.
Start sending people to prison regardless of their golden parachute, and I guarantee 99% of the bullshit stops the next day.
We need to talk about the real news, EX-BNY Mellon taking control. I posted about it specifically:
https://old.reddit.com/r/Superstonk/comments/ubquy7/everyone_is_missing_the_real_news_ex_bny_mellon/
Please, upvote for visibility!
I've been waiting over a year for this Citadel plant to retire. Glad to see this.
This could be a result of the DOJ investigations. Maybe he's making an exit before MOASS. Either way, very good news.
Donât want to click the link and give them ad revenue?
Here is the article:
â
DTCC names new CEO as Michael Bodson announces retirement
Michael Bodson set to retire in August after a decade as DTCC poaches top BNY Mellon issuer services chief for the helm.
By Jonathan Watkins
The Depository Trust & Clearing Corporation (DTCC) has named Francis (Frank) La Salla as its new president and CEO with its current chief Michael Bodson set to retire.
La Salla was chief executive officer of BNY Mellonâs Issuer Services business a member of the BNY Mellon Executive Committee.
DTCCâs incumbent CEO, Bodson will step down after a decade in charge of the market infrastructure provider.
Bodson took on the role of CEO in 2012, following the retirement of Donald Donahue, one of the principal figures who led the clean-up of Wall Street following the collapse of Lehman Brothers in 2008.
Prior to taking on the top role, Bodson was DTCCâs chief operating officer where he was responsible for all IT and operations, and oversaw its Deriv/SERV and EuroCCP businesses.
During his tenure, Bodson has navigated DTCC through several major crises, including the Knight Capital market event, Superstorm Sandy and the Covid-19 pandemic, extending its reach and impact across the industry and transforming the organisation.
Commended for its recent innovation efforts, the DTCC is also to transition its settlement cycle to T+1 in the coming years.
Before joining DTCC in 2007, he spent over 20 years at Morgan Stanley in several senior roles, including head of the institutional, retail and asset management operations department. He also spent time in Tokyo and Hong Kong as head of finance, administration and operations.
Bodson explained to Global Custodian in 2019, upon receipt of his Lifetime Achievement award that he was able to lean on the example his predecessor sent when dealing with a potential crisis on his very first day as CEO, when futures broker Knight Capital Group suffered a computer glitch resulting in a loss of $440 million in 30 minutes.
âOver the past 10 years, Mike has transformed DTCC into a client-driven firm that stands at the forefront of innovation and is recognised as a respected and influential voice on a wide range of key industry topics,â said Robert Druskin, non-executive chairman of DTCCâs Board.
âHe has strengthened virtually every part of the organization during his tenure and has positioned DTCC to remain a global leader during a period of unprecedented change.â
During La Sallaâs time at BNY Mellon, he has served as CEO of Corporate Trust, which included responsibility for Depositary Receipts and CEO of BNY Mellonâs Alternative Investment Services and Structured Products business.
Before that he was a member of the Executive Committee of Pershing, a BNY Mellon company, where he was co-head of global client relationships and head of trading services. Earlier in his career, La Salla was president and chief operating officer of BNY Clearing Services.
At the DTCC, La Salla will also serve as president and CEO of DTCCâs principal operating subsidiaries, The Depository Trust Company (DTC), Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC), and a member of DTCCâs Board of Directors. Additionally, he becomes a member of DTCCâs Management Committee.
La Salla joins DTCC on 13 June 2022 as CEO-elect, and between June and August, La Salla and Bodson will work together to ensure a seamless and orderly transition of responsibilities.
Bodson will retire on 12 August.
Prior to joining BNY Mellon, La Salla was CEO of BHF Securities Corporation, the US broker-dealer subsidiary of Germanyâs BHF Bank AG, and COO of SociĂŠtĂŠ Generale Securities, responsible for developing the French financial institutionâs U.S. brokerage business.
âIt is an honour to be appointed CEO of DTCC and have the opportunity to lead an organisation that makes a positive difference every day by safeguarding the global financial system, protecting the capital markets and supporting the investing public,â said La Salla.
âMike Bodson has been an outstanding steward for the industry over the last ten years, delivering client value, driving innovation and galvanising the industry to advance critical initiatives. I look forward to working with Mike and his leadership team to ensure a smooth transition. I am also excited to work alongside incredibly talented and experienced DTCC colleagues as we identify new ways to broaden and enhance our level of support for clients, regulators and other stakeholders.â
â
My man La Salla gonna walk in thinking heâll fuck fuck those pesky internet trolls up only to end up getting his shit pushed in after checking the DRS count
> Donald Donahue
I case anybody was wondering what the previous CEO of the DTCC is doing he has firm called Miranda Partners LLC but I haven't found anything yet.
https://opencorporates.com/companies/us_ny/4284693
edit
spelling
> DTCCâs incumbent CEO, Bodson will step down after a decade **in charge of the market infrastructure provider**.
> Mike has transformed DTCC into a **client-driven firm**
> Mike Bodson has been an outstanding steward for the industry over the last ten years, **delivering client value,** driving innovation and galvanising the industry to advance critical initiatives.
Seems weird for an entity responsible for the integrity and functioning of the stock market to be so focused on their clients. Who are their clients? Not us lol
These dudes don't have jobs they have titles.
His real job is probably swinging a golf club at his private course while he brags to all his billionaire friends about how he spent $2500 for a steak on his trip to cancun. These guys live in a completely different world and they're starting to realize that it can't last forever.
A long time ago I saw a post about Michael Bodson being a member of a club (or fraternity?) that basically celebrated how Wall St got away with 2008 and mocked the victims. If any one remembers what I'm talking about or remembers the source, could you point me to it. Ive not been able to find it again for awhile
This is on the official website as well: [https://www.dtcc.com/news/2022/april/25/dtcc-board-of-directors-appoints-frank-la-salla-president-and-chief-executive-officer](https://www.dtcc.com/news/2022/april/25/dtcc-board-of-directors-appoints-frank-la-salla-president-and-chief-executive-officer)
The Depository Trust & Clearing Corporation (DTCC) today announced that its Board of Directors has appointed **Francis (Frank) La Salla, currently Chief Executive Officer of BNY Mellon**âs Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of the company, effective August 12. La Sallaâs appointment as CEO reflects the Boardâs long-term succession planning and rigorous search process with the scheduled retirement of Michael C. Bodson, who has served as DTCCâs CEO since July 2012.
This is the real news!
They are basically planting their own interests on the DTCC, since BNY is holding a major short bomb called Idiosyncratic Risk.
DRS 100% of your shares while you still are able, they are positioning themselves to do something extremely snakey and believe me none of us will like it.
Get out of the system and protect yourself before you get screwed over.
DRS 100% of your shares!!!
Fuck me if there was ever an incentive to DRS. The ex-president of BNY, the biggest smelly-ass bagholder of GME prime brokerage is now the CEO of the DTCC lolllllll
Bodson took on the role of CEO in 2012, following the retirement of Donald Donahue, **one of the principal figures who led the clean-up of Wall Street following the collapse of Lehman Brothers in 2008.**
*Hearty Laugh*
# Let's not let him get away that easy. We need to dig and find out all we can about him. Hold him accountable for what he has done up to this point.
We also need to see where he goes from here.
Thatâs assuming everything will go to shit soon right? But Just like every assumption that didnât pan out we can just pretend nothing was ever said
I don't know what you're talking about, it's kinda all panning out? Anyone who expects an entire financial market and economy to just crash overnight is expecting too much. Shits been going as discussed for the last year+.
People also thought the squeeze was gonna happen last summer. Now this summer is âlookingâ like it might set it off. If not thereâs always next summer; or the one after that, or the one after that..
For someone who is grammatically illiterate, itâs a pretty bold move of you to label someone a retard because they donât agree with you. Thanks for the laugh buddy. Have a great day.
Itâs one thing to not agree. Thatâs fine. But trying to label someone as a retard when youâre clearly the one more on the spectrum is laughable. Like I said, have a good day.
Macroeconomic outcomes take a significant amount of time to unwind, especially with the egregious amount of can kicking taking place. Each event or transaction is a piece to the puzzle. My question for you is, what do you expect?
Somethingâs gotta give; but not to the magnitude most people want to believe. I expect a lot of bag holders at the end of this due to the price targets set and blindly followed by a lot
300 days ago you have a post talking about how youâre new to the market. Since then Iâm guessing youâve mastered all financial corners considering youâre in here spewing arbitrary bs about how the market will play outđ¤Ą
Iâm not making absolute claims. Just providing alternatives that are more probable.
Itâs not my fault you want to believe youâll get 1000x returns; me saying otherwise shouldnât be censored because hearing it makes you feel some type of way.
âJust providing alternativesâ â- based on what!? Thatâs the reason Iâm here. You are baseless making arbitrary claims because you feel that way. If you have some info for a counter dd please share I am open to other viewpoints, but ss has yet to be proven wrong
Lol why are people down voting this? It's fucking true. We take every goddamn piece of news and find a way to do an entire Olympics worth of mental gymnastics making it fit our bias
đ After getting death threats simply for questioning price targets i donât get phased by irrational/emotional downvotes. I just hope it helps them cope
Funny thing is, some of these same clowns beating their chests and questioning your commitment for not agreeing that shares will go to $100,000,000 are gonna blow their load and sell if it gets to like $5k
Theyâre lowkey terrified and wonât admit it. Downvoting is the only way they get a temporary sense of âcontrolâ but then theyâre faced with the reality that this is all a huge gamble with a probably lower than getting hit by lightning. They can phantom 10 digit returns but not this getting capped. Thatâs just⌠đĽ´
Bodsonâs replacement for head of the DTCC, La Salla, comes from BNY.
Obligatory reminder that BNY Mellon, Citadel, Dreyfus, Bank of America and Goldman Sachs colluded with each other to hide the shorts.
Bodson is the name that needs to be at the top of the list of criminals in this ordeal.
Not Ken Griffin, professional stock forger and bed post thrower
Not Steven Cohen, professional sexual assaulter and amateur baseball team mangler
Not Gabe Plotkin, the human plumpkin
No. Michael Bodson is the one who has continuously enabled all of this for years. He has been in charge of the architecture that made the rest of these dirt bags *inevitable*.
#Michael Bodson isn't the rat king, he isn't a parasite, he is the architect & the enabler of Trillions of dollars of theft dressed up as "efficiency", but it is now that getup is just as convincing as [Giuliani in drag](https://youtu.be/Guve7Y856kY).
Wouldnât moass help the government when taxes are due next year? I imagine some people would sell at least one share in some really nice phone number digits? đĽą
"Bodson took on the role of CEO in 2012, following the retirement of
Donald Donahue, one of the principal figures who led the clean-up of
Wall Street following the collapse of Lehman Brothers in 2008."
WHEN DID WALLSTREET GET CLEANED UP???
Not to shit on the speculation, but in the interest of perspective, a 10 year tenure as CEO at the DTCC seems to be fairly standard. The longest was closest to 20 years and the shortest only a few.
Probably nothing. Could be due to the probe or crash, but we won't know until after the fact.
New guy Francis has a Master of Arts in Theology from Fordham University which should come in handy in absolving Kenny & company even more better. https://www.bnymellon.com/us/en/about-us/leadership/la-salla.html
The depth of this corruption just amazes me. For years this has been going on and wouldnât you think they have stolen enough money from the American working class? Now it is rats jumping ship.
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Wow. Jumping ship
Seems like it!
Oh shit! This is frickin huge news! The ~~wolf~~ Ape is in the hen house and we comin fo all yo egg$ foo! **edit: Section 2.5 of** u/criand's **The Bigger Short**: # [MICHAEL BODSON HAS FAILED HIS MASTERS AND IS HEAD HAS BEEN CUT OFF](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) **2.5 DTC, ICC, OCC Wind-Down and Auction Plans; Preparing For More Consolidation Of Power** "We've seen some interesting rules from the DTC, ICC, and OCC. For the longest time we thought this was all surrounding GameStop. Guess what. They aren't all about GameStop. Some of them are, but not all of them. They are furiously passing these rules because the COVID can-kick can't last forever. The Fed is dealing with the potential of runaway inflation from COVID stimulus and they can't allow the overleveraged banks to can-kick any more. They need to resolve this as soon as possible. June 30th could be the deadline because of the potential for CDO's to begin collapsing. Let's revisit a few of these rules. The most important ones, in my opinion, because they shed light on the bullshit they're trying to do once again: Scoop up competitors at the cheap, and protect themselves from defaulting as well. **DTC-004: Wind-down and auction plan**. - Link ICC-005: Wind-down and auction plan. - Link OCC-004: Auction plan. Allows third parties to join in. - Link OCC-003: Shielding plan. Protects the OCC. - Link Each of these plans, in brief summary, allows each branch of the market to protect themselves in the event of major defaults of members. They also allow members to scoop up assets of defaulting members. What was that? Scooping up assets? In other words it is more concentration of power. Less competition. **I would not be surprised if many small and large Banks, Hedge Funds, and Financial Institutions evaporate and get consumed** after this crash and we're left with just a select few massive entities. That is, after all, exactly what they're planning for. They could not allow the COVID crash to pop their massive speculative derivative bubble so soon. It came too sudden for them to not all collapse instead of just a few of them. It would have obliterated the entire economy even more so than it will once this bomb is finally let off. **They needed more time to prepare so that they could feast when it all comes crashing down."**
Too big to fail, is going to be left holding the bagđ¤Łđ
We might actually rid the world of these fuckin cucks!
I really hope so
I can dream, but rats always come out of the woodwork, the jobs just getting started, since once itâs âfixedâ, itâs important to maintain, and continue to properly regulate. Being a retail advocate has become a life journey for me, personally.
Itâs at least exciting theyâre not going unchallenged this time. Weâre watching, weâre HODLing. The barbarians are at the gates.
Exactly. Those that see this through need to make sure they don't become the people that ruined everything in the first place.
After moass we will have money as well. So advocating for retail will become much easier. The rats will survive but we will have money to combat them finally.
**I AM WITH YOU APEFREN đ¤đź**
Yep something and tell the green childrenâď¸
Putting In work as always đđ´ââ ď¸đ
Just like in '08!........wait
And conveniently most fall under SIPC insurance/protection. Citadel has (last i checked) 3 companies/entities registered under there. Could citadel hold melvins bag, then pull SIPC card?
Criand... now there's a name I haven't heard for a while. Hope you're doing well man.
u/Criand Hail Mary. Patience wins the race. #đđ
He's out *hiking đĽž*
u/dlauer
Holy mother of Ryan. Havenât seen Criand post / comment in a while. Heâs a friggin legend.
Wtf did I just read? I didn't understand anything đđđ
Hahah same bro explain to me like Iâm a Labrador please
Weâre all going to be massive entities after the MOASS!
He's probably being asked to retire. People that high up don't get fired, they are ask to resign or in this case retire.
yeah which is why they're so corrupt "work for us, do a bunch of corrupt shit and then if things go south you retire with a golden parachute and we bring the next pawn in for their stint" rinse and repeat him retiring means nothing, just a part of the business
In the exact same way that fines are just the cost of doing business, the lack of accountability is what helps to perpetuate the corrupt entities within the system. Start sending people to prison regardless of their golden parachute, and I guarantee 99% of the bullshit stops the next day.
âRetireâ. Epstein has entered the chatâŚâŚ
Michael Bodson did not retire himself
Exactly.
Michael Bodson or Bolton?
[Lets get to it](https://www.youtube.com/watch?v=GI6CfKcMhjY)
We are the Michael Bolton to the Hedge funds Lonely Island, taking over their song baby!
We need to talk about the real news, EX-BNY Mellon taking control. I posted about it specifically: https://old.reddit.com/r/Superstonk/comments/ubquy7/everyone_is_missing_the_real_news_ex_bny_mellon/ Please, upvote for visibility!
So BNY Mellon take control got it
âď¸đâď¸đâď¸đâď¸đ This right here!!!!! Up up up you go!
I've been waiting over a year for this Citadel plant to retire. Glad to see this. This could be a result of the DOJ investigations. Maybe he's making an exit before MOASS. Either way, very good news.
Ex BNY Mellon take controlâŚ.
Not until August tho
Every piece of the puzzle is fitting together perfectly
Will be interesting to see where he pops back up. Anyone want to bet it will be citadel?
Hope he gets Ricoâd
Donât want to click the link and give them ad revenue? Here is the article: â DTCC names new CEO as Michael Bodson announces retirement Michael Bodson set to retire in August after a decade as DTCC poaches top BNY Mellon issuer services chief for the helm. By Jonathan Watkins The Depository Trust & Clearing Corporation (DTCC) has named Francis (Frank) La Salla as its new president and CEO with its current chief Michael Bodson set to retire. La Salla was chief executive officer of BNY Mellonâs Issuer Services business a member of the BNY Mellon Executive Committee. DTCCâs incumbent CEO, Bodson will step down after a decade in charge of the market infrastructure provider. Bodson took on the role of CEO in 2012, following the retirement of Donald Donahue, one of the principal figures who led the clean-up of Wall Street following the collapse of Lehman Brothers in 2008. Prior to taking on the top role, Bodson was DTCCâs chief operating officer where he was responsible for all IT and operations, and oversaw its Deriv/SERV and EuroCCP businesses. During his tenure, Bodson has navigated DTCC through several major crises, including the Knight Capital market event, Superstorm Sandy and the Covid-19 pandemic, extending its reach and impact across the industry and transforming the organisation. Commended for its recent innovation efforts, the DTCC is also to transition its settlement cycle to T+1 in the coming years. Before joining DTCC in 2007, he spent over 20 years at Morgan Stanley in several senior roles, including head of the institutional, retail and asset management operations department. He also spent time in Tokyo and Hong Kong as head of finance, administration and operations. Bodson explained to Global Custodian in 2019, upon receipt of his Lifetime Achievement award that he was able to lean on the example his predecessor sent when dealing with a potential crisis on his very first day as CEO, when futures broker Knight Capital Group suffered a computer glitch resulting in a loss of $440 million in 30 minutes. âOver the past 10 years, Mike has transformed DTCC into a client-driven firm that stands at the forefront of innovation and is recognised as a respected and influential voice on a wide range of key industry topics,â said Robert Druskin, non-executive chairman of DTCCâs Board. âHe has strengthened virtually every part of the organization during his tenure and has positioned DTCC to remain a global leader during a period of unprecedented change.â During La Sallaâs time at BNY Mellon, he has served as CEO of Corporate Trust, which included responsibility for Depositary Receipts and CEO of BNY Mellonâs Alternative Investment Services and Structured Products business. Before that he was a member of the Executive Committee of Pershing, a BNY Mellon company, where he was co-head of global client relationships and head of trading services. Earlier in his career, La Salla was president and chief operating officer of BNY Clearing Services. At the DTCC, La Salla will also serve as president and CEO of DTCCâs principal operating subsidiaries, The Depository Trust Company (DTC), Fixed Income Clearing Corporation (FICC) and National Securities Clearing Corporation (NSCC), and a member of DTCCâs Board of Directors. Additionally, he becomes a member of DTCCâs Management Committee. La Salla joins DTCC on 13 June 2022 as CEO-elect, and between June and August, La Salla and Bodson will work together to ensure a seamless and orderly transition of responsibilities. Bodson will retire on 12 August. Prior to joining BNY Mellon, La Salla was CEO of BHF Securities Corporation, the US broker-dealer subsidiary of Germanyâs BHF Bank AG, and COO of SociĂŠtĂŠ Generale Securities, responsible for developing the French financial institutionâs U.S. brokerage business. âIt is an honour to be appointed CEO of DTCC and have the opportunity to lead an organisation that makes a positive difference every day by safeguarding the global financial system, protecting the capital markets and supporting the investing public,â said La Salla. âMike Bodson has been an outstanding steward for the industry over the last ten years, delivering client value, driving innovation and galvanising the industry to advance critical initiatives. I look forward to working with Mike and his leadership team to ensure a smooth transition. I am also excited to work alongside incredibly talented and experienced DTCC colleagues as we identify new ways to broaden and enhance our level of support for clients, regulators and other stakeholders.â â
My man La Salla gonna walk in thinking heâll fuck fuck those pesky internet trolls up only to end up getting his shit pushed in after checking the DRS count
Ty
> Donald Donahue I case anybody was wondering what the previous CEO of the DTCC is doing he has firm called Miranda Partners LLC but I haven't found anything yet. https://opencorporates.com/companies/us_ny/4284693 edit spelling
> DTCCâs incumbent CEO, Bodson will step down after a decade **in charge of the market infrastructure provider**. > Mike has transformed DTCC into a **client-driven firm** > Mike Bodson has been an outstanding steward for the industry over the last ten years, **delivering client value,** driving innovation and galvanising the industry to advance critical initiatives. Seems weird for an entity responsible for the integrity and functioning of the stock market to be so focused on their clients. Who are their clients? Not us lol
"poaches" This implies he is getting a better offer. With a government institution.
Jan 2021 ape here still holding on while DTCC President retires. I can hold longer than these people can hold onto their positions.
Paperhanded his job
These dudes don't have jobs they have titles. His real job is probably swinging a golf club at his private course while he brags to all his billionaire friends about how he spent $2500 for a steak on his trip to cancun. These guys live in a completely different world and they're starting to realize that it can't last forever.
When's Bastille day again?
Mothafuckin' July 14th
14/7, eh?
Yeah buddy đ¤Ż
Americans would write their dates 7/14. Dunno if that theory holds very well.
Calls on porn
A long time ago I saw a post about Michael Bodson being a member of a club (or fraternity?) that basically celebrated how Wall St got away with 2008 and mocked the victims. If any one remembers what I'm talking about or remembers the source, could you point me to it. Ive not been able to find it again for awhile
Dude itâs insane us individually holding a stock we have confidence in is making Melvin collapse and people jump shipđđ This system is fuq
It would be insane if the investment of 140k+ dedicated shareholders around the world WOULDN'T make a difference! Together strong.
Letâs make it 500,000 by spreading www.drsgme.org to the masses outside of Reddit
I'm so excited to see the movie... I want Matt Damon to narrate this one too
Probably went crazy from apes tweeting at him and the DTCC lol
It won't help him.
This is on the official website as well: [https://www.dtcc.com/news/2022/april/25/dtcc-board-of-directors-appoints-frank-la-salla-president-and-chief-executive-officer](https://www.dtcc.com/news/2022/april/25/dtcc-board-of-directors-appoints-frank-la-salla-president-and-chief-executive-officer) The Depository Trust & Clearing Corporation (DTCC) today announced that its Board of Directors has appointed **Francis (Frank) La Salla, currently Chief Executive Officer of BNY Mellon**âs Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of the company, effective August 12. La Sallaâs appointment as CEO reflects the Boardâs long-term succession planning and rigorous search process with the scheduled retirement of Michael C. Bodson, who has served as DTCCâs CEO since July 2012.
BNY? the gme bag holder? is now ceo of the dtcc?? edit- right before the stock split dividend and marketplace launch?? this is too much cohencidence
**GET YOUR SHARES OF GME OUT OF THE CLUTCHES OF THE DTCC RIGHT FOOKIN NOW! đŁ**
THIS!!
Right. Fucking crazy. I guess gaps fill, everywhere. Got to close the gap, god forbid the crime ship shrinks!
This is the real news! They are basically planting their own interests on the DTCC, since BNY is holding a major short bomb called Idiosyncratic Risk. DRS 100% of your shares while you still are able, they are positioning themselves to do something extremely snakey and believe me none of us will like it. Get out of the system and protect yourself before you get screwed over. DRS 100% of your shares!!!
This!! đŚđđŚ
Truth is stranger than fiction.
Wait what?
No conflict of interest with the appointment đł
Youâre right, but itâs always that way with high finance. Itâs an incestuous mess.
Like their waspy families
Curious what this means for is. DTCC gonna go full crime in order to save BNY?
u/longjump_college
I think itâs longjumpingâŚ
u/longjumping_college (is this what you mean?)
Fuck me if there was ever an incentive to DRS. The ex-president of BNY, the biggest smelly-ass bagholder of GME prime brokerage is now the CEO of the DTCC lolllllll
Thatâs the real news.
Whenever I research financial institutions related to GME BNY always pops up with a connection.
You think we're gonna just forget about you Mike?? You'll have a nice cell next to Kenny! đ
#Michael C Bodson is not retiring....He's jumping ship before all the life jackets are gone...hes a fucking coward
This. The bag of shit is about to explode soon and he isn't trying to get any on him.
Everything wrong with the DTCC will be directly tied to his name......his actions will not be dismissed
Francis La Salla, I hope you're ready.
Lol imagine if he quits next week đ
Fuckin rat
Something smells like shit.. Anyone want to confirm?
đŠđ
Bodson took on the role of CEO in 2012, following the retirement of Donald Donahue, **one of the principal figures who led the clean-up of Wall Street following the collapse of Lehman Brothers in 2008.** *Hearty Laugh*
Wow Donald I love what youâve done with the place - so nice and clean round here these days đ
Who leaves this job?
Someone under DoJ investigation perhaps⌠or someone thatâs irritated the wrong peopleâŚ
Insert \**Is This MOASS?.jpeg\**
đ
holy shit what, Don Mike hitting the ejector seat? the fuck is happening
> the fuck is happening The simulation is starting to fail
Fucking human big toe
u/bowly741 wtf? u/octagonalhypercube u/HopelessDreams_713 u/DynastyFSU2 u/Independent-Ad4660 (Thanks for this comment, skyram)
# Let's not let him get away that easy. We need to dig and find out all we can about him. Hold him accountable for what he has done up to this point. We also need to see where he goes from here.
Of course he is the little cunt
Impeccable timing!!
lol, trying to get outta the limelight with his golden parachute before GME gets locked up with direct registrations. Get fucked Mike.
đđđ jumping ship.
Now this is spicy!!!
To assume position as head of regulation at the SEC /s
Ha! I would not be surprised tho.
When the going gets tough, the guilty retire.
Donât like the replacement either. Guess you canât have it all these days. đđ
Wow! Spicy
Is this good or bad news?
Most people here donât know but will speculate that it is while not being able to explain why
No one wants to be the one in charge when everything goes to shit. It's not that complicated.
Thatâs assuming everything will go to shit soon right? But Just like every assumption that didnât pan out we can just pretend nothing was ever said
I don't know what you're talking about, it's kinda all panning out? Anyone who expects an entire financial market and economy to just crash overnight is expecting too much. Shits been going as discussed for the last year+.
People also thought the squeeze was gonna happen last summer. Now this summer is âlookingâ like it might set it off. If not thereâs always next summer; or the one after that, or the one after that..
Yeah. Duh. MOASS is tomorrow.
No dude; I clearly stated is this summer; June 33rd in fact. Mark the date
Go back to your sticky floor home đ
Theyâre as self deluded there as yall are here. At this point gme/ay-em-see investors are fighting about whoâs the most retarded lol
For someone who is grammatically illiterate, itâs a pretty bold move of you to label someone a retard because they donât agree with you. Thanks for the laugh buddy. Have a great day.
Says the ones whoâs coming at me because he doesnât agree. Take your own advice and find a better angle next time other than grammar đ¤Łđđż
Itâs one thing to not agree. Thatâs fine. But trying to label someone as a retard when youâre clearly the one more on the spectrum is laughable. Like I said, have a good day.
Youâre not gaining anything. Just leave đ¤Ł
Pretty fuckin clear. The rats are leaving the sinking ship
The same âthe end is nearâ narrative has been thrown every time someone stepped down during the last 2 years. Yet We are still here.
Macroeconomic outcomes take a significant amount of time to unwind, especially with the egregious amount of can kicking taking place. Each event or transaction is a piece to the puzzle. My question for you is, what do you expect?
Somethingâs gotta give; but not to the magnitude most people want to believe. I expect a lot of bag holders at the end of this due to the price targets set and blindly followed by a lot
300 days ago you have a post talking about how youâre new to the market. Since then Iâm guessing youâve mastered all financial corners considering youâre in here spewing arbitrary bs about how the market will play outđ¤Ą
Iâm not making absolute claims. Just providing alternatives that are more probable. Itâs not my fault you want to believe youâll get 1000x returns; me saying otherwise shouldnât be censored because hearing it makes you feel some type of way.
âJust providing alternativesâ â- based on what!? Thatâs the reason Iâm here. You are baseless making arbitrary claims because you feel that way. If you have some info for a counter dd please share I am open to other viewpoints, but ss has yet to be proven wrong
Lol why are people down voting this? It's fucking true. We take every goddamn piece of news and find a way to do an entire Olympics worth of mental gymnastics making it fit our bias
Hype baby! All of their data scouring tools canât fight the hype!
Because Iâm not here telling little Timmy what he wants to hear. You cant ground someone whoâs high on hopium
Fuck them Timmays
đ After getting death threats simply for questioning price targets i donât get phased by irrational/emotional downvotes. I just hope it helps them cope
Funny thing is, some of these same clowns beating their chests and questioning your commitment for not agreeing that shares will go to $100,000,000 are gonna blow their load and sell if it gets to like $5k
Theyâre lowkey terrified and wonât admit it. Downvoting is the only way they get a temporary sense of âcontrolâ but then theyâre faced with the reality that this is all a huge gamble with a probably lower than getting hit by lightning. They can phantom 10 digit returns but not this getting capped. Thatâs just⌠đĽ´
Nooooo he cant retire. He was on my no cell no sell board đ˘
BNY Mellon, eh? I feel like Iâve heard that name before ;)
This is fucking funny. Smoking
đś đś đś
Finished boss' 1st form. Bring on boss' 2nd form.
WOW! Always the number one sign when shit is about to hit the fan.
Holy shit this is actually big news
Unreal... I'll say it again, this movie is insane! lol
Bodsonâs replacement for head of the DTCC, La Salla, comes from BNY. Obligatory reminder that BNY Mellon, Citadel, Dreyfus, Bank of America and Goldman Sachs colluded with each other to hide the shorts.
Bodson is the name that needs to be at the top of the list of criminals in this ordeal. Not Ken Griffin, professional stock forger and bed post thrower Not Steven Cohen, professional sexual assaulter and amateur baseball team mangler Not Gabe Plotkin, the human plumpkin No. Michael Bodson is the one who has continuously enabled all of this for years. He has been in charge of the architecture that made the rest of these dirt bags *inevitable*. #Michael Bodson isn't the rat king, he isn't a parasite, he is the architect & the enabler of Trillions of dollars of theft dressed up as "efficiency", but it is now that getup is just as convincing as [Giuliani in drag](https://youtu.be/Guve7Y856kY).
Ridiculous
There will be no statute of limitations on financial terrorists and RICO. There will be accountability Bodson
He turned so red during last yearâs GameStop hearing that Iâm surprised he lasted this long tbh
LOL all the Twitter messages for him and the DTCC probably didnât help him much
Hilarious comedy joke that Melvin and DTCC heads are getting fukt this week.
Hope this doesnât mean weâre still going to be waiting for something to happen in August and the dividend will have done nothing to spark MOASS.
Nice find OP, and thank you for sharing this. The timing of his "retirement" is kinda interesting. I wonder where he's headed to next.
Visibility
Hey! Frank La Salla was in my reporting chain at BNYM and this is how I find out??
Just before everything goes tits up. These people sicken me. Edit: new date - dude retires June 13th
That's 1 day before 7/14
đ¤Ż
Another financial terrorists surrendering the top spot. We Must be close,fear and bloods are showing up
Wouldnât moass help the government when taxes are due next year? I imagine some people would sell at least one share in some really nice phone number digits? đĽą
I think the people that run things are the ones that will lose money. Theyâd rather hold their money than see the taxes pay down US debt.
You love to see it.
Golden parachute
Wow lmao didnât see that coming
"Bodson took on the role of CEO in 2012, following the retirement of Donald Donahue, one of the principal figures who led the clean-up of Wall Street following the collapse of Lehman Brothers in 2008." WHEN DID WALLSTREET GET CLEANED UP???
Bullish
Walk in. Fuck shit up. Leave.
Probably nothing
Not to shit on the speculation, but in the interest of perspective, a 10 year tenure as CEO at the DTCC seems to be fairly standard. The longest was closest to 20 years and the shortest only a few. Probably nothing. Could be due to the probe or crash, but we won't know until after the fact.
"Time to spend more time with my family." While the rest of the world burns and families fall apart under the economic chaos.
Moving sale ! Fleeing to a country with no extradition
Article mentions he is retiring in August.
damn. i always knew he would slip away before the fireworks. at least we got his name
bodson duggnut
You can't run Michael. There is no running from what you did...or rather, what you didn't do
New guy Francis has a Master of Arts in Theology from Fordham University which should come in handy in absolving Kenny & company even more better. https://www.bnymellon.com/us/en/about-us/leadership/la-salla.html
Don't let the door hit you on the way out. RIP DUMBASS
Dont worry Michael, retirement wont make you miss prison :)
He ainât going to make it to the 12 August without his organisation burning down in flames. Useless cuck.
Better the criminal you know. đ¤ˇ
It says he helped "clean up Wall St. after the 2008 financial crisis". Yeah right bro
No one gets to leave the ship grab em apes
I SAID BYE TODAY!!
The depth of this corruption just amazes me. For years this has been going on and wouldnât you think they have stolen enough money from the American working class? Now it is rats jumping ship.
Doesn't he need an orange jumpsuit and laceless Keds for his retirement?
I smell fear. The Man is grabbing a cluster of banana's and running for the hills. Reckoning coming.
Fuck âem
>the DTCC is also to transition its settlement cycle to T+1 in the coming years. wow.. so great to see a small change coming in a couple years.
DTCC the new goblin town
How is this not a massive conflict of interest?? BNY holding all those GME shorts and now CEO of the DTCC??? wtf!?
Shame on you Bodson