OmCheeto
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On a somewhat older side note, from the following article:
Does anyone know what that means? $1.8 quadrillion?
Is that the sum of all annual transactions?
http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation"
http://www.rollingstone.com/politics/news/wall-streets-naked-swindle-20100405"
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits
By Matt Taibbi
April 5, 2010
Rolling Stone (again...)
"I personally went to senior management at *DTC in 1993 and presented them with this issue," she recalls. "And their attitude was, 'We spill more than that.'" In other words, the problem represented such a small percentage of the assets handled annually by the DTC — as much as $1.8 quadrillion in any given year, roughly 30 times the GDP of the entire planet — that it wasn't worth worrying about.
Does anyone know what that means? $1.8 quadrillion?
Is that the sum of all annual transactions?
http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation"
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