Who is Cede & Company?

...and deception for The Participants.

It Captures Deeply

A Digital Roach Motel

If the Fed is fiat money, printing paper, this monster eats paper and regurgitates --
Fiat Securities ...
from deep within its sunken lair.

Black-ops For The Black Box In The Black Hole

From a story in DeepCapture about Carol Remond of Dow Jones Newswire:

“last September, she wrote a column assuring us that the Depository Trust and Clearing Corporation (DTCC) is an upstanding institution. What other “journalist” would dare attempt such a feat? I can think of only one: Gary Weiss, a former BusinessWeek reporter who runs black-ops public relations efforts for the DTCC, anonymously attacking the organization’s critics on stock message boards and even wangling special editing privileges of the DTCC’s Wikipedia entry, all the while flat-out lying about his activities.

The DTCC’s job is to “clear and settle” all securities transactions, but it doesn’t do that very well, which is a big reason why there is so much phantom stock (i.e. stock that doesn’t “settle”). The DTCC knows who is naked short selling and it has a lot of data showing how much phantom stock is in the system. But it says it won’t release this information because it’s against DTCC rules. Which isn’t surprising, since the rules are written by the DTCC’s owners, who are the very same Wall Street firms that engage in naked short selling.

The SEC technically regulates the DTCC, but SEC officials admit they have neither a clue how the place operates, nor the power to force it to turn over complete data. So the DTCC is an essentially unregulated, criminal-protecting, black box institution – which happens to handle more than $1.5 quadrillion – or 30 times the total gross product of the entire planet – every year. There should be a pack of journalists outside its machine-gun fortified doors, cameras flashing, questions hurled.
Instead, there is Carol. Her column gloats that a court dismissed a legal case brought against the DTCC by a company called Nanotech, which was attacked by naked short sellers. Carol says it is bad for companies to sue the DTCC. It is bad because the SEC (whose officials say they have no idea what the DTCC does) filed an amicus brief saying that it had signed off on the DTTC’s rules (which are written by naked short-sellers). Listen to the SEC and trust the DTCC, says Carol, who claims to like short-sellers because they are the market’s “skeptics.”

The head of the DTCC’s PR department is named Stuart Z. Goldstein. He’s a real master of whirly logic and circuitous denials. He’s a mean guy, too — nasty as hell. Question the DTCC’s rectitude, and Stuart Z. will threaten to get you fired and unleash the lawyers.

But Carol loves Stuart Z. And Stuart Z. loves Carol. Ask about the DTCC, and get no answer from Stuart Z. Instead, says he, “Read Carol, and you will see, she’s the best there is. Nobody understands the DTCC” – only Carol and Stuart Z.”

http://www.deepcapture.com/5000-words-about-an-obscure-bad-n...

Spelunk The Black Hole

http://www.dailypaul.com/node/55223#comment-664624

Did you notice this one, too?

http://www.reuters.com/article/pressRelease/idUS220144+20-Fe...