Wednesday, July 1, 2009

Fed of NY reports:

List of the Primary Government Securities Dealers Reporting to the Government Securities Dealers Statistics Unit of the Federal Reserve Bank of New York

BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J. P. Morgan Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
RBS Securities Inc.
UBS Securities LLC.

The whole idea of this entry is to point out that the Federal Reserve is not part of the US Government but rather a privately owned cartel with motives and purposes that do not exactly always match up with the best actions for the country as a whole on a long term basis.

A 41 minute video that may be helpful for understanding: Money, Banking and the Federal Reserve

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