News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by hnburnsy on Sunday March 12, 2023 @07:47PM (#35128339)
Thanks for letting me know my shares of JPM aren't really paying me a quarterly dividend. Should I just send these fictions back to 270 Park Ave?
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by dragonwriter on Sunday March 12, 2023 @07:52PM (#35128391)
No, I’m telling you “JPM” is just an abstraction for you (the shareholders collectively, not just you personally).

That periodically the profits associated with that abstraction are distributed to you is a function of that, not a disproof of it.

[ Parent | on HN ]