Hi Harley. Yes, the DTCC are in it to collect money and that is about it.
They do not even regulate what they are supposed to regulate. Someone is now regulating them since September 1st. As JJ said regulating the regulator.
But the CNS program still goes on unabated.
How are synthetic shares made? Now you know.
All of the collateral banks need to cover their losses is drying up,
In a bear market the best place to place to cover losses with gains is in the bond market. Bond market is getting crushed, so they have to look elsewhere like the housing market where nobody is buying because houses are too expensive. Treasury bond yields are getting smoked, can't go there. Liquidation of stocks is what banks are doing and because they need the cash, hence the bear market. Everything is drying up on these banks, hedge funds, and family offices. The Fed cannot bail them out. Just did with Covid exemptions and unlimited collateral. No more Covid exemptions and unlimited collateral. Those options are gone. Blackrock is propping up the housing market and will take a tremendous hit paying $50 grand over asking prices of homes that are not selling.
Banks love mortgages, but many banks are closing their mortgage offices because nobody is buying. Cannot afford houses, Mortgages and interest rates associated with those mortgages are considered collateral. That collateral goes into the derivatives market, The derivatives market
with $2,2 quadrillion is drying up. Yes, you read that right, QUADRILLION.
Banks, hedge funds, and family offices are feeling it, but this is only the beginning. When CE is removed from #DBMM I would highly suggest all
#DBMM longs not to sell their shares too early into a potential squeeze.
All we have to do is relax for now. Play video games.
This shaak smells $$$GREEN$$$ blood in the water.
