tarpley's list of insider banks
TERM SECURITIES LENDING FACILITY (TSLF)
http://actindependent.org/mainstreetlending.pdf
Under this program, the firms that are listed as primary dealers of Treasury securities are allowed to exchange certain types of collateral for Treasury bills and bonds, which are (so far) extremely liquid and easy to sell. The collateral these dealers can offer appears to include securities which can be very volatile. The program is operated together with the Bank of England, the European Central Bank, the Bank of Japan, the Swiss National Bank, and other foreign central banks. Here is an early 2008 list of the primary dealers who work with the New York Fed. Note the presence of many foreign banks, who thus qualify for special privileges where American producers and small businessmen do not:
ABN AMRO Incorporated
BNP Paribas Securities Corp
Banc of America Securities LLC
Banc One Capital Markets, Inc.
Barclays Capital Inc.
Cantor Fitzgerald
Bear, Stearns & Co., Inc.
CIBC World Markets Corp.
Credit Suisse First Boston Corporation
Daiwa Securities America Inc.
Deutsche Banc Alex. Brown Inc.
Dresdner Kleinwort Benson North America LLC
Fuji Securities Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities, Inc./Chase Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Morgan Stanley & Co. Incorporated
Nesbitt Burns Securities Inc.
Nomura Securities International, Inc.
SG Cowen Securities Corporation
Salomon Smith Barney Inc.
UBS Warburg LLC.
Zion’s First National Bank (Utah - RB)
This is a very damaging press release - short and sweet - easy to repost to comments and letters to the editor.
Get this word out before the election. The CASH-4-TRASH bill was one of the biggest scams ever pulled off.
It's just an interesting paragraph from his long essay of October 2.
If only he spent more time doing this and less time ranting and raving about 'the Obama movement''s proto-Nazi tendencies.
for this invaluable list of the usual suspects.
why do these institutions have (and maintain) this extraordinary privilege?
or perhaps a more pressing question is WHY do Americans (and the world) put up with it???
___________________________
"Money" has no value - people do.