Bartermania and Tele - I believe the DTCC is controlled by the brokers and industry. I think they even sit on their board of directors. It's all an incestuous thing.
The overseas shorting, arbitraging, desking and other forms of manipulation CAN be stopped but the US would have to get tough. The SEC seems unwilling or without resources to tackle complicated problems. They prefer the PR type cases, e.g., Martha Stewart.
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