💭 Brainstorm preliminary narrative ideas

I understand the [^trust] thing isn't exactly accurate from a nuts-and-bolts technical justification BS from Wall Street, but I really don't think there's any denying that this was the end effect on Main Street - and that's really all that matters given NSCC can arbitrarily waive its own rules thereby solving the crisis in any favor they see fit. They voluntarily chose to gatekeep a select few favorite assets, and I think we all know why.

Author: JFWooten4

comments/S7-27-15/main.md

@@ -1,12 +1,53 @@
 ---
-title: Markdown page example
+title: In re S7-27-15 (Transfer Agent Regulations)
 ---
 
-# Markdown page example
+```
+Originator: John Wooten <@JFWooten4>
+Discussion: https://github.com/orgs/WhyDRS/discussions/TBD
+Status: Draft
+  live: DATE_TBD # normally the due date per Fed Register if new item
+  file: S7-27-15
+  href: SEC_URL # for when submitted
+```
 
-You don't need React to write simple standalone pages.
+`extends`: https://www.sec.gov/comments/sr-occ-2024-001/srocc2024001-474471-1355754.pdf
+^First page header used in BT argument chain
 
+`thesis`: Federal Preemption of Challenges in U.C.C. Article 8
+^Ongoing page header
 
+
+####tbd repl just extends,header
+---
+
+Ms. Vanessa Countryman
+c/o U.S. Securities and Exchange Commission
+100 F Street NE
+Washington, DC 20549
+
+
+[move rough draft frame here from syndicate]
+
+
+---
+
+# Narrative ideas
+
+- We don't trust Wall St because Wall St doesn't trust us.[^trust]
+- Requisite decentralized clearing/settlemnet/exhange [exchange since obv no need for delegation in digital assets][^jed_1]
+- Direct clearing for brokers to use with simle settlement regime comeptition(use as segue to anticompetative practices and materially dive into the need for competition from TAs)
+- Narrative around TA future as  seomthign more than a cert pusher, express neeed fro better systems per EQ hack and horrendus best pract
+- Using regulatory status to preclude competition[^ta-alt]
+- FAST requirements are based on a flawed system for transferring ownershuip of book entry securities
+- FAST requirements do not protect investors because TAs can get 100%-deductable insurance (coul use adequately here if youi want to give some derffference to commission rulemaking procedures commenting on the policies)
+
+[^trust]: _See, e.g., supra_ note [] at n.X detailing the manipulation of capitalistic supply and demand when firsm ceased believing in the ability of free markets to accurately value multiple public companies with current Commission filings.
+[^jed_1]: _See, e.g.,_ .. and then build the narrative around intiial nonprofit system per art/"stimulating" motives docuemnted at (https://web.archive.org/web/20100730143358/http://mtgox.com/trade/history) v. sale and death of single efficient provider after introducing profit (by aquirer) at https://web.archive.org/web/20111016114851/https://mtgox.com/fee-schedule
+[^ta-alt]: By and large, there is generally (in the modern context) only one fucking reasons that an issuer would request a cert pull, whcih was dissalowed at https://www.sec.gov/rules-regulations/self-regulatory-organization-rulemaking/sr-dtc-2003-02 {although I agree with [these comments](https://discord.com/channels/1102309240145707049/1136343213091856486/1258778464924729427)}
+
+move for url heme: idea - 
+https://dao.whydrs.org/refs/MtGox-Situation-Draft-CC-BY-NC-twobitidiot-25-Feb-2014.pdf
 ### sources from desktop
 
 https://www.mercatus.org/research/books/permissionless-innovation-continuing-case-comprehensive-technological-freedom
@@ -48,3 +89,18 @@ https://www.sec.gov/newsroom/speeches-statements/peirce-statement-rules-improve-
 
 https://www.sidley.com/en/insights/newsupdates/2023/12/us-sec-adopts-rules-requiring-central-clearing-in-the-us-treasury-market
 (ref only likely)
+
+
+### on 17 CFR 240 § 15c3-3(b)(3)(iii)(B) https://www.law.cornell.edu/cfr/text/17/240.15c3-3
+
+conundrum of increased treasuries borrowing cost as financign method 
+comment on rate hikes and such
+extrapolate? explore furhter. this could be counter-productive because htey might want to hold more Treasuries and post them so that they get a yield at the same time as make a margin call, assuming hypothecation interest goes to poster
+
+# securrency
+
+- antithical to business model
+
+xyz
+wooten.link/securrency
+https://github.com/Securrency/SmartContraX/releases/tag/v0.9.0