Digital-currency investment firms are cited in Federal Reserve Bank studies as the firms the Fed would deal through to “invest in the economy”, as commercial banking is eliminated by a Federal Reserve digital currency regime. The Wall Street figure now most prominently involved in creating such firms, is perhaps the worst single perpetrator of serial crimes in the 21st Century’s roster of London/Wall Street financial criminals. All those crimes were the result of actions prohibited to banks by the Glass-Steagall Act.
This bankster’s name, largely unknown outside Wall Street and London, notorious in some committees of the U.S. Senate, is Blythe Masters. She was a senior investment banker and for eight years head of Global Commodities Trading at JPMorgan Chase — and left that bank for reasons given below in 2014. Masters is supposed to have invented, while there, the credit default swap, the derivative which triggered the global financial crash of September-October 2008 and ensuing economic collapse. She is now inventing “digital technology for financial services and investment” as CEO and board member of the newly and heavily funded Digital Asset Holdings and Motive Partners firms, reported {Forbes) in December 2019.
https://www.forbes.com/sites/michaeldelcastillo/2019/12/17/blythe-masters-is-backat-a-new-473-million-private-equity-fund/#460835135cc0](https://www.forbes.com/sites/michaeldelcastillo/2019/12/17/blythe-masters-is-backat-a-new-473-million-private-equity-fund/#460835135cc0)">
In 2011 Masters sat along with Goldman Sachs CEO Lloyd Blankfein in front of Sen. Carl Levin’s Senate Permanent Sub-Committee on Investigations, as Levin’s two primary Wall Street targets and criminal referrals for blatant securities fraud during 2008. Her CDS discovery had been used by the two banks to swindle investors of billions, collectively, by dumping purchases of “long” positions in securities on the investors, which the banks’ trading desks were “shorting” at the same time. Neither was prosecuted by the Obama Justice Department.
