New York/London/Hong Kong/Singapore/Sydney, May 15, 2023‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC Board member Kevin M. Kessinger has been appointed Non-Executive Chairman of the DTCC Board of Directors and Chairman of the Board Executive Committee, effective January 1, 20.
the federal reserve could do one simple thing to stop this. the fed can decide to end this practice. one that never should have been allowed in the first place. there are companies out there that actually do productive work, take raw materials and turn them into a thing they sell to people. banks move money around. if you let the banks hijack the actual raw materials we actually make product from, they can rip us off yet again. this very issue, in fact, was addressed today in the united states senate. joining me now is senator sherrod brown, democrat from ohio. he led senate committee hearings today that focused on bank ownership of commodities operations. my first question to you, senator, is how has this been going on under everyone s noses for three years? and my sense is no one knew this was happening until the the new york times wrote about it. we found out it was happening because some of the can manufacturer the soft drink and the beer manufacturers came to us and said tha
that twhal do produactually do productive work, take raw materials and turn them into a thing they sell to people. banks move money around. if you let the banks hijack the actual raw materials we actually make product from, they can rip us off yet again. this very issue, in fact, was addressed today in the united states senate. joining me now is senator sherrod brown, democrat from ohio. he led senate committee hearings today that focused on bank ownership of commodities operations. my first question to you, senator, is how has this been going on under everyone s noses for three years? and my sense is no one knew this was happening until the the new york times wrote about it. we found out it was happening because some of the can manufacturer the soft drink and the beer manufacturers came to us and said that they have been that the whole laws of supply and demand were upsidedown, that the wall street companies, you mentioned goldman sachs, there are two other banks that have bee