Thursday, October 21, 2021

Jeffrey Sprecher Is About To Take Georgia Using Vernon Jones As His Proxy With "Billionaire Dark Money" - Georgia's Power Woman Kelley Loeffler: Sprecher's "Stepford Wife" - Uncle Tom's Cabin in Georgia

Editor's note: The power elite behind financial institutions are running the political machine in the state of Georgia with Jeffrey Sprecher power, money and influence. Jeffrey Sprecher took a "Stepford wife" 15 years younger than himself with Kelley Loeffler who was an employee at Sprecher's firm. And the irony of it all is that the author of "The Stepford Wives" is the Jewish author Ira Levin. Sprecher must have read Levin's novel and we all know what Ayn Rand discussed when writing novels don't we? Loeffler was picked by Brian Kemp as a temporary US senator from Georgia from 2020 to 2021 despite having no political experience. Public servants becoming multi millionaires. Sprecher is the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange (NYSE). This is the political mechanism behind power politics in Georgia. The Intercontinental Exchange (ICE) located in Atlanta, Georgia is behind ICE Trust involved in derivatives exchange in the estimated $600 trillion derivatives market. This powerful financial network in Georgia runs the racist frontman Vernon Jones who is a Clinton Democrat communist now posing as a Trump conservative convert with "billionaire dark money" behind him. Jones of course is black, and if you understand Sprecher's ethnicity, you should be able to piece together very quickly where Georgia is headed if the criminal (rape charges) racist Vernon Jones wins the election against Georgia's Governor Brian Kemp.
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Derivatives Clearing Group Decides Against Registration

By Ben Protess | December 28, 2010

The world's largest clearinghouse for credit-default swaps, ICE Trust, has had second thoughts about registering with regulators, citing concerns over new rules devised to bring transparency to the $600 trillion derivatives market

ICE Trust, a division of the Intercontinental Exchange, the big derivatives exchange, applied to be a derivatives clearing organization with the Commodity Futures Trading Commission in November. Last week, the company quietly withdrew its application.

In a Thursday letter to the commission, which was released on Tuesday, a lawyer for ICE Trust said the company changed its mind because of "significant changes proposed to" regulations for clearing organizations.

The gesture may be symbolic. In July, ICE Trust will automatically be granted status as a clearinghouse, under the Dodd-Frank financial overhaul law.

A spokesman for ICE declined to comment.

ICE, which has cleared more than $14 trillion of credit-default swaps since it started in 2009, said it had applied with the commission to bring its operations into compliance more quickly and to attract new customers before the rules went into effect in July. But the clearinghouse decided to hold off, owing to uncertainty around the process.

Over the last several weeks, the agency has outlined several proposals for clearinghouses, including a plan to limit conflicts of interest and to open the market to more competition. ICE, the dominant player in derivatives clearing, has been criticized in the past for pushing aside smaller players.

Under the Dodd-Frank rules, the trading commission and the Securities and Exchange Commission have broad authority to regulate swaps — complex financial instruments, some of which collapsed during the financial crisis.

The law requires big banks and other financial institutions to process the opaque investments through regulated clearinghouses, which serve as a backstop in case one party defaults. The rules also require swaps to be traded on regulated exchanges or on so-called swap execution facilities. 
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Editor's note: In the late 1990s, Jeffrey Sprecher, ICE's founder, chairman, and Chief Executive Officer, acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for OTC energy commodity trading. In May 2000, Intercontinental Exchange (ICE) was established, with its founding shareholders representing some of the world's largest energy traders. The company's stated mission was to transform OTC trading by providing an open, accessible, multi-dealer, around-the-clock electronic energy exchange. The new exchange offered the trading community better price transparency, more efficiency, greater liquidity and lower costs than manual trading.

In June 2001, ICE expanded its business into futures trading by acquiring the International Petroleum Exchange (IPE), now ICE Futures Europe, which operated Europe's leading open-outcry energy futures exchange. Since 2003, ICE has partnered with the Chicago Climate Exchange (CCX) to host its electronic marketplaces. In April 2005, the entire ICE portfolio of energy futures became fully electronic. In April, 2010 ICE bought CCX's owner Climate Exchange plc. Climate Exchange plc also owns the European Climate Exchange (ECX).

Sprecher's political hit man and bought and paid for stooge in Georgia posing as a "Republican" right out of Uncle Tom's Cabin:




Here is a discussion on the political events now going down in Georgia connected to "dark billionaire money":


Credit default swaps (CDS) came out of the City of London into Wall Street through JPMorgan:

Who Invented Credit Default Swaps?


Worth noting the state of Georgia leads the US in employees quitting their jobs:



Update for 24 October 2021 on the criminal psychopath Vernon Jones. Imagine the unearned power he will steal if elected to the governorship of Georgia?



We sure aren't going back to days like this in Georgia...

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