DTCC Fraud Cover-up In Progress!
I've been ranting for a long, long time about the DTCC and how it is the hub of criminal activity in our Free Markets. The Depository Trust & Clearing Corporation provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. Basically it is the MOTHER SHIP of all documentation repositories throughout the entire spectrum of financial transactions...and it is where evil lurks in the shadows. Massive "Failures to Deliver", massive fractional reserve stock certificate fraud, facilitator of High Frequency Trading, phoney certificates and MASSIVE AMOUNTS of duplicate share certificates. Did you know that when you buy a stock your brokerage firm doesn't even purchase anything on your behalf? It just goes into their pool of IOU's to be netted out at some future date that never actually comes!!
Proof of massive banking fraud lies in the DTCC archives...and it is now being PURGED!
Stock Certificates Feared Damaged by Sandy
Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy.
The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault "are likely damaged," after its building at 55 Water Street "sustained significant water damage" from the storm that battered New York City's financial district earlier this week.
The vault contains certificates registered to Cede & Co., a subsidiary of DTCC, as well as "custody certificates" in sealed envelopes that belong to clients.
The DTCC provides "custody and asset servicing" for more than 3.6 million securities worth an estimated $36.5 trillion, according to its website.
This is the Mother of All Bankster cover-ups in progress and nobody is allowed inside (or under water!)
I have long written about the DTCC fraud. Just go to search function on the website and enter DTCC and you will find tons of references. Here's the link:
More to come on this cover-up in progress as the days and weeks wear on.
May the Road you choose be the Right Road