It is also done by TD Ameritrade and other trading companies. They will lend up to 75% of accounts that are not covered unless you have the actual stock deed. This is standard practice. In other words they are gambling with our money.
Of course they will tell you that you are covered by the FDIC. Remember though that only covers a certain amount. I just want to know how the dollar keeps climbing when no one has money to pay for our exports? Not to mention the losses these companies are about to show this quarter? Then I see food crops are rising and we still have no inflation? Man I guess the world loves food stamps. To bad they don;t give you prizes like S&H green stamps. LOL!