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Alan Greenspan, Head of the Private Federal Reserve, Chairman of the Board of Governors, has been a chief criminal agent in the USA for the thieves, their thievery, and their International Organized Crime.   Prime criminal activities include:

Scam #1, The Rip-off Of The US Treasury:
http://BriansEstate.com/scam1.html

Scam #2, The Rip-off Of Investors And Their Corporations:
http://BriansEstate.com/scam2.html

Scam #3, The Rip-off Of Nations Of The World:
http://BriansEstate.com/scam3.html

Scam #4, Corruption Of The US Senate:
http://BriansEstate.com/scam4.html

Scam #5, The Rip-off Of GOD'S Properties
http://BriansEstate.com/scam5.html

The Private Federal Reserve Corporation, a/k/a The Federal Reserve System, controls and regulates the banking and monetary system of the United States of America.   As such the private Federal Reserve has usurped total control of the life blood (the monetary system) of this nation independent of any real oversight by the Congress of the United States.

The Depository Trust Company (DTC) is responsible for processing securities transactions made by the Securities Markets in response to banks and brokerages purportedly serving the Public, keeps records, etc.   The DTC is a privately owned bank, a limited purpose trust company, and is a division of the Federal Reserve Corporation.   That is, the DTC is a brokerage clearing firm and transfer center for member firms (i.e. Specialists, banks, and brokerages) and operates under the umbrella of the private Federal Reserve.

Cede And Company, Cede Company, or Cede & Co is a private holding company of the DTC.   That is, the law forbids a banking trust company (DTC for example) from holding a client's property in the bank's own name.   Therefore, to circumvent the law Cede & Co. has been established.   They call themselves "The Registered Owner" of someone else's securities which is a violation of the law which forbids a banking trust company from "owning" a client's property in their (the bank's) name.   Cede therefore is in reality a "Registered Agent" for the true owner termed "The Beneficial Owner" who bought and paid for the purchase.   This is all part of the cloud that the thieves have created to divert public attention from the real fraud and thievery conducted by the Market Operators.   Note:   Since CEDE is an arm of the DTC and the DTC is a division of the Federal Reserve then CEDE is also an arm of the private Federal Reserve.

Securities Market Specialists are the people who handle the buys and sells of securities.   They are dealers who actually or theoretically buy (own) or sell (or short sell) securities.   The Specialists set the price on each transaction and are taking sides opposite the public.   When the Specialists have no securities being purchased by the public they sell (short sell) anyway.   These counterfeit receipts represent legitimate securities and when the Specialists have sold, sold, and sold an abundance of bogus receipts the company gets bankrupted to obliterate the Specialists' responsibility to repurchase his liabilities, the myriad bogus receipts.   The Federal Reserve agents, DTC and Cede, merely serve the Specialists' accounting, records keeping, mail outs, etc.   The Specialists' secret omnibus accounts, in turn, profit without even getting their feet wet.