And doesn’t challenge the person in the room
You keep repeating this as if that will make it true. But you literally linked to a video where he leads by clarifying that the crisis is real in response to Peterson’s rhetoric.
And yet RFK doesn’t think the most important one is actually the most important.
You’re just making this up to try to put words in his mouth. This is harmful for actually finding solutions. Again, he has described it as an “existential” problem. RFK Jr is trying to address concerns, because that’s necessary when people have concerns, but you’d rather pretend other concerns don’t exist as if that were a way to achieve anything.
Replace “teller” with “bank” because we are talking about legal ownership, not physical control.
While they absolutely “have a responsibility” to you, they also benefit from holding it, so your “anything but” rhetoric is incorrect. Brokers and banks alike earn money by lending the assets the have, despite their corresponding liabilities.
Correct. Legally, you have a “security entitlement”. Per UCC 8-503, the property interest you have a result of this entitlement is merely “a pro rata property interest in all interests in that financial asset held by the securities intermediary”, i.e. what your broker actually has, which is (a) opaque to you as a customer, and (b) is fundamentally difficult even for them to pin down - as it is composed primarily of their DTC account balance, ideally but they undoubtedly have many derivatives, transactions to settle (which can extend beyond 2 days because FTDs are common), shares lent out that are due to them, etc. So while the number of security entitlements in your account has a clear record, your property interest in the issuer does not have a clear record.