Commentary - 10/27/08

US Banks And Commodities (Foreign Control?)

There has certainly been many comments about gold and other commodities being manipulated. If we take a look at who controls major interests within banks and commodity firms, we should get a clue at least to the players who would have a vested interest in manipulating our financial scene.

Barclays (London) and AXA (Paris) are major holders involved in these corporations. Especially in CME, which owns NYMEX and COMEX. No wonder France seems such an "ally" of the United States. Could this be a reason for " How We Became The United States of France?"

Don't forget that CME also owns Chicago Board of Trade and Chicago Mercantile Exchange, as mentioned today in this Chicago Sun-Times article Lucrative deal in works of CME:

Financial regulation in Washington is a jumble, as Congress and the bureaucrats kick around ideas for putting freewheeling credit default swaps under somebody’s control. CME Group (CME), owner of the Chicago Mercantile Exchange and the Chicago Board of Trade, has center stage in the negotiations and is liable to benefit hugely from regulatory change.

But nothing comes cheap in Washington. CME probably will win government blessing for its push to bring the $55 trillion credit default market under its wing. In return, it may need to give up two of its longheld lobbying views.

One more thing, CME is "the world's largest and most diverse derivatives exchange."

Be sure to drill down to see the Major Holders of the top level Major Holders.
It's such an incestuous family.

Below are breakdowns of the following firms: Goldman Sachs : JP Morgan Chase : Morgan Stanley : CME Group:


Symbol Name Of Corporation
GS

Major
Holders
Goldman Sachs Group (As of 30-Jun-2008)
Top 10 Institutional HoldersSharesPct.Value
Barclays Global Investors UK Holdings Ltd17,175,8184.36$3,004,050,568
Marsico Capital Management, LLC16,007,3874.06$2,799,691,986
State Street Corporation13,865,5483.52$2,425,084,345
FMR LLC (Fidelity)12,362,6493.14$2,162,227,310
Vanguard Group, Inc. (The)11,595,2912.94$2,028,016,395
Wellington Management Company, LLP10,567,6742.68$1,848,286,182
AXA (Paris, France)10,168,2952.58$1,778,434,795
Janus Capital Management, LLC7,251,9491.84$1,268,365,880
Price (T.Rowe) Associates Inc6,783,2641.72$1,186,392,873
Northern Trust Corporation6,294,0081.60$1,100,821,999
% of Shares Held by All Insider and 5% Owners:8%
Top 10 [1.0%] of 984 Institutional Holders Control28.44%
Percentage of Barclays and "Associates" Control13.04%
NOTE: Vanguard manages three funds that control 2.18%.
Fidelity manages two funds that control 1.33%.
Therefore, the TOP 10 Major Holders control 31.95% of Goldman Sachs.

Symbol Name Of Corporation
JPM

Major
Holders
JP Morgan Chase Co. (As of 30-Jun-2008)
Top 10 Institutional HoldersSharesPct.Value
Barclays Global Investors UK Holdings Ltd157,667,9994.59$5,409,589,045
AXA (Paris, France)140,498,8874.09$4,820,516,812
State Street Corporation131,086,9543.81$4,497,593,391
Vanguard Group, Inc. (The)107,840,9123.14$3,700,021,690
FMR LLC (Fidelity)97,127,1492.83$3,332,432,482
Davis Selected Advisers, LP74,560,8552.17$2,558,182,935
Morgan Stanley55,908,0161.63$1,918,204,028
Bank of New York Mellon Corporation54,224,8731.58$1,860,455,392
Capital Research Global Investors51,293,9001.49$1,759,893,709
Northern Trust Corporation42,740,5601.24$1,466,428,613
% of Shares Held by All Insider and 5% Owners:1%
Top 10 [0.7%] of 1373 Institutional Holders Control26.57%
Percentage of Barclays and "Associates" Control12.85%
NOTE: Vanguard manages four funds that control 2.97%.
Capital Group manages a fund that controls 1.49%.
Davis Advisers manages a fund that controls 0.96%.
Therefore, the TOP 10 Major Holders control 31.99% of JP Morgan Chase.

Symbol Name Of Corporation
MS

Major
Holders
Morgan Stanley (As of 30-Jun-2008)
Top 10 Institutional HoldersSharesPct.Value
State Street Corporation181,543,69616.37$6,548,281,114
AXA (Paris, France)66,771,5866.02$2,408,451,107
Barclays Global Investors UK Holdings Ltd49,265,4524.44$1,777,004,853
Vanguard Group, Inc. (The)33,151,3122.99$1,195,767,823
UBS Global Asset Management (Americas) Inc26,264,3392.37$947,354,707
Price (T.Rowe) Associates Inc21,670,6241.95$781,659,407
FMR LLC (Fidelity)19,806,1411.79$714,407,505
JP Morgan Chase & Company17,603,2591.59$634,949,552
Bank of New York Mellon Corporation14,613,7491.32$527,117,926
Credit Suisse Switzerland14,250,8071.28$514,026,608
% of Shares Held by All Insider and 5% Owners:0%
Top 10 [1.3%] of 770 Institutional Holders Control40.12%
Percentage of Barclays and "Associates" Control25.67%
NOTE: Vanguard manages three funds that control 2.14%.
Fidelity manages two funds that control 1.03%.
Therefore, the TOP 10 Major Holders control 43.29% of Morgan Stanley.

Symbol Name Of Corporation
CME

Major
Holders
CME Group (As of 30-Jun-2008)
Top 10 Institutional HoldersSharesPct.Value
AXA (Paris, France)6,313,47911.57$2,419,262,018
Janus Capital Management, LLC2,004,1783.67$767,980,967
Barclays Global Investors UK Holdings Ltd1,873,5523.43$717,926,390
State Street Corporation1,695,8383.11$649,828,163
Vanguard Group, Inc. (The)1,620,4692.97$620,947,516
Sands Capital Management, Inc.1,306,7792.40$500,744,645
Goldman Sachs Group Inc.1,283,9442.35$491,994,501
Delaware Management Business Trust1,205,7752.21$462,040,922
Children's Investment Fund Management (UK) LLP1,200,7712.20$460,123,439
Waddell & Reed Financial Inc.958,3641.76$367,235,501
% of Shares Held by All Insider and 5% Owners:1%
Top 10 [2.2%] of 455 Institutional Holders Control35.67%
Percentage of Barclays and "Associates" Control12.56%
NOTE: Vanguard manages three funds that control 2.14%.
Janus Capital manages a fund that controls 0.84%.
T.Rowe Price manages a fund that controls 0.54%.
Therefore, the TOP 10 Major Holders control 39.19%, and
Barclays/Associates control 13.94% of CME Group.

© 2008 by Edward Ulysses Cate
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