Article: Cleaning House: Combatting Money Laundering

Article - Media, Publications

Cleaning House: Combatting Money Laundering

Martin Cheek, 02 June 2021

Money laundering, for the general public, is the stuff of gritty dramas like Ozark or the notorious dealings of Pablo Escobar and El Chapo. In popular culture, it is depicted as an activity to be done in the dark of night with neatly-stacked wads of cash deposited into duffel bags. The reality, however, is much more banal, with most money laundering occurring in the guise of an unremarkable series of transactions designed to obfuscate the trail for any who might be inclined to investigate.

The real estate sector has long been a favorite of money launderers, as the lack of regulation and use of shell companies have enabled them to “wash” a large quantity of cash through the system in one transaction. The truth is that nobody really knows how much money is laundered through real estate—not least because much of it currently goes undetected. This opacity might serve shady operators well, but it can have catastrophic effects on the rest of the economy, as the 2008 housing crisis demonstrated all too devastatingly. Continue reading “Article: Cleaning House: Combatting Money Laundering”

Article: Secrecy in the Battery Industry Is Becoming a Headache for Everyone

Article - Media, Publications

Secrecy in the Battery Industry Is Becoming a Headache for Everyone

Akshat Rathi, 20 April 2021

Most automakers have now committed to electrifying their fleets. That’s brought growing attention to batteries, which still make up about a third of the cost of an electric car, and led to multibillion-dollar valuations of secretive startups.

All well and good for battery chemists who get large sums of money to pursue wild scientific ideas that may lead to major breakthroughs. But when secrecy and early-technology risk collide with public markets, it can spell trouble. Continue reading “Article: Secrecy in the Battery Industry Is Becoming a Headache for Everyone”

Article: Carlyle’s $396M Oil Loss Row With Excess Insurers Revived

Article - Media, Publications

Carlyle’s $396M Oil Loss Row With Excess Insurers Revived

Caitlin Simpson, 14 April 2021

A New York appeals court has reversed a ruling that Carlyle Group affiliates can’t tap into excess insurance to cover part of $396 million in losses when a Moroccan oil refinery was seized, finding factual disputes remain about whether the policy’s coverage for theft was triggered.

A four-judge Appellate Division panel for the First Department on Tuesday reversed Justice O. Peter Sherwood’s July order that had granted underwriters at Lloyd’s of London’s motion for summary judgment and had rejected Carlyle’s assertion that its oil was essentially stolen by refinery operator Societe Anonyme Marocaine de l’Industrie du Raffinage, or SAMIR. Continue reading “Article: Carlyle’s $396M Oil Loss Row With Excess Insurers Revived”

Subject: Daleep Singh

Subject of Interest

Daleep Singh is a member of the executive committee at the Federal Reserve Bank of New York.  He is executive vice president and head of the Markets Group at the Federal Reserve Bank of New York. Prior to joining the New York Fed, Mr. Singh was senior partner and chief U.S. economist at the global investment firm SPX Capital, from 2017 to 2019. Before that, he worked at the U.S. Department of the Treasury from 2011 to 2017. Prior to his tenure at the Treasury Department, Singh worked for Goldman Sachs, from 2003 to 2007, and again from 2008 to 2011. He was also a partner at Element Capital Management from 2007 to 2008. Singh holds a bachelor’s degree with Duke University in economics and public policy. He also holds a master of business administration/master of public administration from the Massachusetts Institute of Technology, and Harvard University.


Federal Reserve Bank of New York

Web: Our Financial Oligarchy; Emperors of a Brave New World


Our Financial Oligarchy; Emperors of a Brave New World

They own the regulators; they own the brokerage houses; they own the clearing houses; they own all of your investments; and it’s even been shown that they can exert complete control over the government.

To understand how these banks exert complete control over our financial system, one must first understand the securities clearance system.

In the United States of America, there is only one central clearinghouse: The Depository Trust and Clearing Corporation, and for almost 50 years they have maintained a virtual monopoly over this essential service.

It is a private corporation that is owned by these mega-banks and brokers.

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PDF (470 Pages): Our Financial Oligarchy Back-Up