So it’s much worse than I realized. I was just thinking exposure due to SWVXX but if Schwab fails then there is the stocks in the brokerage accounts of Schwab and TD Ameritrade (they merged last year I think but accounts are still separate).
I wonder how it works, would brokerage accounts use your stock equity to loan out money? Perhaps loan out the shares if that is how shorting or buying on margin works.
I thought they just made money on the trade commission and some market maker payments.
So should I get paper certificates and put it under my mattress?
