Owning The Earth (In Fee Simple)
While reading this news article from the Associated Press (AP) "Banks Set Plan to Revive Credit Market" I could not help but recall the goal specified in the old 1889 Great Red Dragon book about the Money Power's sociopathic desire to "own the earth in fee simple." This means acquiring TITLE, not just investing.
The article refers to three separate Money Center banks, as quoted here:
"The Treasury Department introduced the idea of a bailout in recent talks with Citigroup Inc., Bank of America Corp., JPMorgan Chase & Co and others"Now here is where things get interesting. We know Henry Paulson, who currently heads the US Treasury, came from Goldman-Sachs, so take a look at the Major Holders of that company.
Symbol Name Of Corporation GS
Major
HoldersGoldman Sachs Group Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Barclays Global Investors UK Holdings Ltd 22,514,539 5.55% $4,880,026,328 5.61% Marsico Capital Management, Llc 12,927,441 3.19% $2,802,022,836 3.76% State Street Corporation 12,689,794 3.13% $2,750,512,849 3.04% Vanguard Group, Inc. (The) 11,006,804 2.71% $2,385,724,767 2.47% AXA (Paris, France) 9,765,292 2.41% $2,116,627,041 3.72% FMR Corporation (Fidelity Management & Research Corp) 7,343,232 1.81% $1,591,645,536 1.47% Mellon Financial Corporation 7,078,709 1.75% $1,534,310,175 1.57% Wellington Management Company, LLP 7,053,880 1.74% $1,528,928,490 1.68% Northern Trust Corporation 6,598,370 1.63% $1,430,196,697 1.73% Janus Capital Management, LLC 6,130,098 1.51% $1,328,698,741 -.--% % of Shares Held by All Insider and 5% Owners: 3% 2% Top 10 [1%] of 1001 Institutional Holders Control 25.43% 26.88% Percentage of Barclays and "Associates" Control 12.06% 11.95% Next, the article mentions Citigroup, so take a look here:
Symbol Name Of Corporation C
Major
HoldersCitigroup Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Capital Research And Management Company 230,517,177 4.63% $11,823,226,008 3.59% Barclays Global Investors UK Holdings Ltd 179,123,520 3.60% $9,187,245,340 4.70% State Street Corporation 150,346,292 3.02% $7,711,261,316 3.11% AXA (Paris, France) 144,848,238 2.91% $7,429,266,127 3.43% Vanguard Group, Inc. (The) 139,606,101 2.81% $7,160,396,920 2.55% Wellington Management Company, LLP 104,426,206 2.10% $5,356,020,105 2.39% FMR Corporation (Fidelity Management & Research Corp) 87,306,811 1.76% $4,477,966,336 1.42% Morgan Stanley 69,711,306 1.40% $3,575,492,884 1.28% UBS Global Asset Management (Americas) Inc 68,769,985 1.38% $3,527,212,530 1.28% Mellon Financial Corporation 57,947,534 1.16% $2,972,129,018 -.--% % of Shares Held by All Insider and 5% Owners: 1% 1% Top 10 [0.7%] of 1479 Institutional Holders Control 24.77% 25.01% Percentage of Barclays and "Associates" Control 9.18% 10.35% And then here for Bank Of America:
Symbol Name Of Corporation BAC
Major
HoldersBank of America Corporation (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Barclays Global Investors UK Holdings Ltd 216,775,448 4.89% $10,598,151,652 4.15% State Street Corporation 134,600,750 3.03% $6,580,630,667 2.99% FMR Corporation (Fidelity Management & Research Corp) 132,450,565 2.98% $6,475,508,122 3.35% AXA (Paris, France) 129,794,733 2.93% $6,345,664,496 2.65% Vanguard Group, Inc. (The) 126,717,189 2.86% $6,195,203,370 2.58% Wellington Management Company, LLP 107,157,525 2.41% $5,238,931,397 2.82% Capital Research And Management Company 101,852,512 2.30% $4,979,569,311 2.03% Mellon Financial Corporation 59,495,000 1.34% $2,908,710,550 1.39% Northern Trust Corporation 53,361,440 1.20% $2,608,840,801 1.29% Goldman Sachs Group Inc 49,079,239 1.11% $2,399,483,994 -.--% % of Shares Held by All Insider and 5% Owners: 1% 1% Top 10 [0.7%] of 1375 Institutional Holders Control 25.05% 24.42% Percentage of Barclays and "Associates" Control 11.57% 9.82% And finally here for JPMorgan Chase & Company.
Symbol Name Of Corporation JPM
Major
HoldersJPMorgan Chase & Co (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 AXA (Paris, France) 177,718,248 5.25% $8,610,449,115 3.91% Barclays Global Investors UK Holdings Ltd 173,206,980 5.12% $8,391,878,181 5.05% State Street Corporation 108,849,305 3.22% $5,273,748,827 3.12% Vanguard Group, Inc. (The) 98,145,819 2.90% $4,755,164,930 2.54% Capital Research And Management Company 79,813,901 2.36% $3,866,983,503 3.32% FMR Corporation (Fidelity Management & Research Corp) 76,899,639 2.27% $3,725,787,509 2.00% Legg Mason Inc. 75,441,580 2.23% $3,655,144,551 2.20% Davis Selected Advisers, LP 74,599,978 2.20% $3,614,368,934 2.05% Mellon Financial Corporation 47,720,685 1.41% $2,312,067,188 1.28% Morgan Stanley 47,578,705 1.41% $2,305,188,257 1.25% % of Shares Held by All Insider and 5% Owners: 0% 0% Top 10 [0.7%] of 1277 Institutional Holders Control 28.37% 26.72% Percentage of Barclays and "Associates" Control 13.39% 12.90% See HOW these groups can work together? Just a tad bit incestuous, wouldn't you say? No insider information being exchanged here. Of course not.
Now, the story talks about buying "distressed securities." What underlies those securities is a TITLE, somewhere, or those securities would not be worth anything to anybody. So THEY get the TITLE, and someone else takes the loss. You should also notice that "Insiders and 5% Owners" are all less than 5%. What this means to me is that these Money Center banks are financial "plantations" with absentee owners. Of course, you have a president of each corporation, but it's easy to think of them as highly paid "plantation management." That's why they're so easily shuffled from one company to another. They all work for the same absentee owners.
Okay, where do you think these Major Holders get the money to play these games? They get their REAL play money from the interest we pay to create our own money! Imagine just how much mischief you could cause receiving part of the yearly interest on 9 TRILLION DOLLARS, without giving anything in return. There IS a solution to all this nonsense.
You will find it in this commentary: A REAL Solution To REAL Economic Problems.
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© 2007 by Edward Ulysses Cate
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