/biz/ - Business & Finance

Anonymous Thu Nov 17 17:44:13 2022 No.52489162 [View]
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>when you realize one company owns all the stock in America

https://en.wikipedia.org/wiki/Cede_and_Company

>connected to The Depository Trust & Clearing Corp
>private company that stores over 36 trillion dollars of stocks and bonds
>DTCC vault was flooded during Hurricane Sandy likely destroying billions to trillions of stock certificates

Here's video of $13 trillion in stock certificates being destroyed. Only 2.5k views.

https://www.youtube.com/watch?v=ZN03yAVyj-0

I took this from an old thread btw >>/biz/thread/S16428641

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