The Financial Coup: More Missing Money & FASAB Standard 56 with Dr. Mark Skidmore

The following table shows the top 15 broker-dealers based on their assets under management in 2018. These are the firms that play an important role in helping U.S. government-issued securities to be distributed from the primary brokers that contract directly with the Federal Reserve Bank all the way down the investment chain to small retail…

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The following table shows the primary dealers of U.S. government securities. According to the Federal Reserve Bank of New York, “Primary dealers are trading counterparties of the New York Fed in its implementation of monetary policy. They are also expected to make markets for the New York Fed on behalf of its official accountholders as…

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