Commentary - 03/22/2007

Who Controls The Largest Investment Brokers?

Who controls today's largest investment brokers has been updated for the quarter ending 12/31/07. Quite a bit has changed in the last six months, with heavy losses and Bear Stearns being "saved" by JP Morgan Chase. What has not changed since 1889, when the Great Red Dragon book was published, that a greater amount of power has been concentrated into fewer hands. Since they still have the same power, you have to wonder who really lost the $76.52 billion dollar difference, 'cause I don't see anybody giving up their outrageous salaries and bonuses. Maybe we'll find out when it's time for pension funds to deliver on their promises to the boomers.

Selecting a brokers's name will show in detail its Major Holders.

Largest Investment Brokers
By Market Capitalization
As of 03/20/2008
Goldman-Sachs$72.87 B
Morgan Stanley$52.28 B
Merrill Lynch$40.26 B
Lehman Bros.$25.82 B
Charles Schwab Inc.$22.56 B
Bear Stearns Co.$00.69 B
Total of Group$214.48 B
Data As Of 12/31/07
Largest Investment Brokers
By Market Capitalization
As of 11/02/2007
Goldman-Sachs$95.5 B
Morgan Stanley$66.2 B
Merrill Lynch$53.2 B
Lehman Bros.$32.1 B
Charles Schwab Inc.$28.4 B
Bear Stearns Co.$15.6 B
Total of Group$291.00 B
Data As Of 06/30/07

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made earlier, such as retirement benefits, health care and pensions. And why are they doing this? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who owns what. You will also see that some of the major holders are nothing more than a "front" for a another more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. Their idea is simply to make it easier to deceive the public.

While doing this, remember that it takes only 10% of the stock to "control" a large widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they will simply be removed, then replaced, by another, more "aggressive leader." For an excellent example of this, see Carpetbaggers 1 : Kansas City 0. And remember, these folks had less than 6% of their stock.

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2008 by Edward Ulysses Cate
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