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Ernest Hancock Will Love This: Fed to Backstop $25 Trillion in CDS for Cede & Co.

02-10-2010 • ZeroHedge.com

Ernest Hancock nailed this years ago! Best known for its Cede & Co. partnership which is the holder of virtually every single physical stock certificate in the universe, and accounts for over $2 quadrillion in stock transactions per year...

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Ernest Hancock Will Love This: Fed to Backstop $25 Trillion in CDS for Cede & Co.

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