Commentary - 11/24/2007

FreddieMac - How Fast Blip Money Disappears

This page is to demonstrate just how fast blip money can disappear. Blip money is figures posted on your computer screen. Your brain registers it, but your hands can't touch it. It can fall off the screen faster than sand through your fingers, as shown here by what happened Thanksgiving week.

Can you just imagine what it must feel like to sit at your computer screen and watch your investment of other people's money lose almost $3 billion dollars??? [$2,965,324,611] That's what happened below to the biggest investor in Freddie Mac. I'm sure that's just a drop in the bucket to them, and that's probably why they get the big bucks.

Still, it's not a pretty picture.

Symbol Name Of Corporation

Freddie Mac (As of 30-Sep-2007 $59.01/share) (As of 30-Jun $60.70/share) (As of 21-Nov $26.00/share)
Top 10 Institutional HoldersShares2007ValueValue(21-Nov)
Capital Research And Management Company (30-Sep)89,831,10013.06%$5,300,933,211$2,335,608,600
Capital Research And Management Company (30-Jun)84,247,00012.25%$5,113,792,90055.94% loss
AXA (Paris, France)46,798,7676.80%$2,761,595,240$1,216,767,942
AXA (Paris, France)45,538,5426.62%$2,764,189,499
Morgan Stanley39,908,8585.80%$2,355,021,710$1,037,630,308
Morgan Stanley44,397,3956.45%$2,694,921,876
Barclays Global Investors UK Holdings Ltd27,599,0214.01%$1,628,618,229$717,574,546
Barclays Global Investors UK Holdings Ltd27,278,1623.96%$1,655,784,433
Goldman Sachs Group Inc22,102,8253.21%$1,304,287,703$574,673,450
Goldman Sachs Group Inc17,201,8992.50%$1,044,155,269
Pzena Investment Management, LLC20,456,0222.97%$1,207,109,858$531,856,572
Pzena Investment Management, LLC21,216,5973.08%$1,287,847,437
State Street Corporation19,627,4192.85%$1,158,213,995$510,312,894
State Street Corporation18,766,4982.73%$1,139,126,428
Vanguard Group, Inc. (The)18,887,3492.75%$1,114,542,464$491,071,074
Vanguard Group, Inc. (The)19,043,2702.77%$1,155,926,489
FMR Corporation (Fidelity Management & Research Corp)14,139,7222.06%$834,384,995$367,632,772
FMR Corporation (Fidelity Management & Research Corp)13,486,4821.96%$818,629,457

2007 by Edward Ulysses Cate
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