Thursday, October 2, 2008

Who Owns Your Money? DTCC?

This is a primer on DTCC - if you need - it via Seeking Alpha. Biggest bank in the world that many have never heard of. Registered owner of 99% of all paper (stocks, bonds, securities, etc.). Scary? Perfectly good reason for it - with electronic trading, it is impossible to make timely changes to registered ownership of paper.

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