Ernest Hancock Will Love This: Fed to Backstop $25 Trillion in CDS for Cede & Co.
• ZeroHedge.comErnest 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...
Good thing the Bank of International Settlements met in secret this week in Sydney.