http://buzz.money.cnn.com/2012/11/02...ficates-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."
Depository Trust and Clearing Corp. Interesting name...
http://www.cnbc.com/id/49655109
Last edited by martin earl; 11-05-12 at 05:01 AM.
All commercial paper is held in trust ?
AND below sea level, it would seem...lost at sea, waiting for redemption from the depths?Originally Posted by shikamaru
Thank you!
That company at that admiralty-sounding address has always intrigued me a bit:
It looks to me like that one company is the primary operation of the worlds securitization and speculation:In recent years, the DTCC has spearheaded an effort to encourage electronic-only share and bond issuance, so the proportion of securities that exist in paper form has declined. The organization has further encouraged the process by encouraging “dematerialization”, where certificates are converted to electronic format.
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.
Has anyone read Where Did The Towers Go? by Judy Wood?
I'm thinking about ordering it.
It's supposed to address the puzzling hurricane evidence of 9/11 along with the inexplicable dustification of the towers, besides other evidence.
Treefarmer
There is power in the blood of Jesus
Some believe 55 Water Street is where the Original Birth Certs are stored and assigned for monitization on the international market...of course, there is no way to prove this.
Maybe 55 water is the HARBOR/PORT for all the TRUST documents with the little feet prints on them?
$36.5 TRILLION is a very, very big number.
The original bc and statement of live birth are stored in the jurisdiction they where created in.
They are not federal documents so each province or state stores their own.
There is no one building that holds the whole countries bc or solb.
Hey all,
I have a buddy who works in 55 Water for S&P. He is still working from home as they are not allowing any one in the building until all the systems are fixed (elevators, electrical,etc...) I really doubt anything is going on, at least on a large scale, as the DTCC has many offices and this vault I doubt was in the basement as the DTCC is in a 50 story building (i think it is on the 12th floor, been a while since I was in that building) also the building prides itself on self sustainability.
(this is from the building owners brochure)
A virtual city unto itself, 55 Water Street provides a fail safe operating environment. Powerful systems support massive capacities, instilling a level of risk management that far surpasses other properties. An extraordinarily advanced technological infrastructure includes multiple redundancies in every major operating system from electric, HVAC and telecom to life safety and security. Tenants can also avail themselves of emergency generator power to operate without interruption for multiple days.
Not sure if anyone remembers Pastor Tony King he was touting to one day go get our money from the accounts at the DTCC. I believe he turned out to be a fraud, but made lots of money selling this promise of the Holy land, DTCC!
Very nice. That's how I intend to design my house.
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