Some bi-partisan unveiling going on here.
From Forbes (via DailyBell):
The Top Twenty Corporate Owners
1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC (holding company for Wal-Mart heirs)
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
Forbes again:
McGraw-Hill, which owns Standard & Poor’s, Northwestern Mutual, which owns Russell Investments, the index arm of which runs the benchmark Russell 1,000 and Russell 3,000, CME Group which owns 90% of Dow Jones Indexes, and Barclay’s, which took over Lehman Brothers and its Lehman Aggregate Bond Index, the dominant world bond fund index. Together, these four firms dominate the world of indexing. And in turn, that means they hold real sway over the world’s money.
: McGraw-Hill, which owns Standard & Poor’s, Northwestern Mutual, which owns Russell Investments, the index arm of which runs the benchmark Russell 1,000 and Russell 3,000, CME Group which owns 90% of Dow Jones Indexes, and Barclay’s, which took over Lehman Brothers and its Lehman Aggregate Bond Index, the dominant world bond fund index. Together, these four firms dominate the world of indexing. And in turn, that means they hold real sway over the world’s money.
Comment
I looked up who owns McGraw-Hill and found this table:
| Institution Name | Shs Held | Shs Chg | %Chg | $Chg* | %Out | %Port | Rpt Date |
|---|---|---|---|---|---|---|---|
| Capital World Investors | 31,159,100 | -6,339,850 | -16.9 | -171,580,752 | 10.6 | 0.5 | 06-30-11 |
| State Street Global Advisors (US) | 13,046,371 | -173,089 | -1.3 | 25,926,684 | 4.4 | 0.1 | 06-30-11 |
| Vanguard Group, Inc. | 13,022,395 | 321,411 | 2.5 | 45,349,804 | 4.4 | 0.1 | 06-30-11 |
| OppenheimerFunds, Inc. | 11,553,986 | -29,548 | -0.3 | 27,836,312 | 3.9 | 0.8 | 06-30-11 |
| BlackRock Institutional Trust Company, N.A. | 11,437,422 | -273,183 | -2.3 | 17,944,520 | 3.9 | 0.1 | 06-30-11 |
| T. Rowe Price Associates, Inc. | 9,984,354 | -138,706 | -1.4 | 19,595,712 | 3.4 | 0.1 | 06-30-11 |
| Dodge & Cox | 9,054,283 | 1,909,006 | 26.7 | 97,941,088 | 3.1 | 0.4 | 06-30-11 |
| Fiduciary Management, Inc. | 6,596,124 | 354,690 | 5.7 | 30,531,056 | 2.2 | 2.6 | 06-30-11 |
| AllianceBernstein L.P. | 5,046,393 | 4,467,373 | 771.5 | 188,680,944 | 1.7 | 0.1 | 06-30-11 |
| Independent Franchise Partners LLP | 4,588,798 | 425,243 | 10.2 | 28,272,456 | 1.6 | 7.3 | 06-30-11 |
| Fayez Sarofim & Co. | 3,838,121 | -173,010 | -4.3 | 2,817,090 | 1.3 | 0.7 | 06-30-11 |
| Deutsche Asset Management Americas | 3,793,296 | -76,183 | -2.0 | 6,519,562 | 1.3 | 0.3 | 06-30-11 |
| Norges Bank Investment Management (NBIM) | 3,603,487 | 722,926 | 25.1 | 34,675,364 | 1.2 | 0.1 | 12-31-10 |
| Pioneer Investment Management, Inc. | 3,379,654 | -17,436 | -0.5 | 7,795,953 | 1.2 | 0.6 | 06-30-11 |
| Robeco Institutional Asset Management B.V. |
I followed up on that and came across the interesting and little-known fact that the largest securities company in the world is something called State Street Corporation (which owns the second-largest number of shares in McGraw-Hill). Fortunately, I didn’t have to dig further, since the hard-working folks at Firedoglake had already done the spade-work:
Firedoglake:
“State Street Corporation is listed on the NYSE, ticker symbol STT, and let me express my surprised face, to discover that a major holder of State Street Corporation is BlackRock at 2.4%.
So BlackRock invests in State Street who owns Blackrock’s nearest competitor who then both have major positions in McGraw-Hill which maintains the wholly owns subsidiary S&P. Where is the line drawn between one company and the other? Legally I am sure its all up and up since their lobbyists wrote the repeal of the Glass-Steagall act which Robert Rubin, Alan Greenspan, and my personal favorite Larry Summers who told then President Clinton was a fantastic idea. Time Magazine then trumpted them ‘The Committee To Save The World‘. How’d all that savey-world stuff work out for ya?
Then there is BlackRock. They are a massive globo-zilla private equity firm formed in 1988 by Laurence Fink (from what is now called Credit-Suisse First Boston) and Robert S. Kapito. They are now the largest manager of the State Street invention “Exchange Traded Funds”. Also they are a private equity firm so they do not have the regulatory burden lapdog the SEC would have imposed on them. That is if SEC actually did their job instead of serving corporate masters rather than the large and small investors they are supposed to be protecting from fraud.
Laurence while still at First Boston co-created the first Collateralized (sic) Mortgage Obligations for… wait for it… Freddie Mac way back in 1983!”
Hello.
I suspect that if you continue tracing the web of interlocking ownerships, you will end up at another block in the gobal governance by networks graph of the Rothschilds and company ( humanbeingsfirst.blogspot.com/p/rothschild.html ).
It is also obvious, in hindsight of course, that the shell-game of derivatives was calculated years in advance before its launch. Its sole purpose, evidently, was to precipitate a financial crisis so inextricable so as to make defaulters out of of all Western nations, principally the United States. Why is entirely obvious as well – on the Hard Road to World Order, an “end run around national sovereignty, eroding it piece by piece” being the only way to usher in world government of the financial oligarchy.
I am quite convinced, based on my own indepenent study of this subject over the past several years, that Glass-Steagal act was repealed by Machiavellian calculations exactly for this reason. The coverup among the who’s who of economics and finance, especially in the IVYs, with lying by omission as usual being the primary modus operandi of deceit, is further glaring evidence of it ( print-humanbeingsfirst.blogspot.com/2010/03/lett-simonjohnson-mit-imf-zahirebrahim.html ).
In hindsight, there is not one kosher mainstream financial/economic scholar in the entire world – or at least I haven’t found one.
It is also not obvious to me any longer, whether prominent dissent economists fare any better – they all appear to be playing Hegelian Dialectic as far as I can ascertain. Witness for instance, their ingenious “new” solution-space, the gold standard – while all the gold bullion and gold mines on the planet are already held in the same hands which control the fiat money in the private central banks.
I have noted this time and again and there is only silence by way of explanation from these “alternate economists” who proclaim to be the new know it alls ( humanbeingsfirst.wordpress.com/2010/10/05/re-visiting-money-as-debt-and-monetary-reform-the-secret-of-oz/ ):
“In the New Economic World Order, with global central banks – themselves controlled from behind the scenes by the same handful of private family banks owned by the Rothschilds, the Rockefellers – managing the world’s merged global monetary system as well as all the world’s political governments in a global governance architecture, it won’t be a problem returning to the Gold Standard. All the fine gold will have to be purchased from the same private international banksters in order to back the trillions in new common currency issued for transacting the entire world’s commerce. How convenient once again!
The new monetary system will be happily made inflation averse amidst cheers from the foolish goyem of the world. The new gold based standard after all, does have to protect the enormous wealth of the private banksters from inflationary-erosion in a largely serf-world of the New World Order, wherein, the only real asset owners are the banks. The new financial empire also has to be stable enough to last a millennium! Can’t have inflation eroding away all its loot as it did moms and pops meager assets and life savings in the twentieth century. Why indeed the Gold Standard will now make perfect sense for the banksters and the handful of real wealth owners of the world, was so passionately explained over a hundred years ago by William Jennings Bryan, that it is best refreshed in the goy’s mind directly from the horse’s mouth. The contorted dialectical brilliance of the devilish banksters is truly unsurpassed!
Caution – Winding Road Ahead: One also has to be cautious of Congressman Ron Paul’s End the Fed H.R. 833 and all variations thereof, that it does not end up creating a cosmetic veneer in its implementation as did the superficial nationalization of the Bank of England, whereby, its effective control was retained in the same private bankster hands. The hidden agenda in any public nationalization of the FED would be to bring it on par with the European Union Central Bank so that the private banksters can continue on with their calculated moves for consolidating the new uniform global monetary system. A nationalized FED would be the precursor to the North American Union Bank.
These international banksters are masters of legal shenaniganism as is evident from their crafting of the Federal Reserve Act of 1913, pitching the same plan through both the Republican Party and the Democratic Party as fake oppositions to each other, and the latter version rammed through Congress on Christmas eve. This time around, the tactics may entail the carefully crafted ‘Messiah’ figure and the handful of cultivated ‘Rebel’ figures both backing it, and each pitching it to their respective constituency. This way, they will claim transparency to make up for the previous time around.”
So, all that, all of that, is the big picture, into which this SST, State Street Corporation, links in. I would take a bet that with a little bit of tracing one can directly uncover its position in the global governance network fully owned and operated by the owners of BIS, the Bank of International Settlement which controls all the worlds central banks AND gold bullion.
Btw, you have some interesting leads and detective work on your website. I have some of your other pieces of writings also open for reading… Thanks.
I especially find this digging into Julian Assange of WL intriguing, hadn’t seen that data before ( redactednews.blogspot.com/2010/12/lila-rajiva-intel-front-case-against.html ). But I am not surprised that it is so close to Reston. Everything is close to Reston and that fact itself puzzles me – anyone with the kind of imagination and global resources that the Mighty Wurlitzer has, can surely mask their trail better (if they wanted to). Why leave such low hanging fruits for the picking?
Thank you,
Zahir Ebrahim
Project Humanbeingsfirst.org
Hi Zahir.
Yes. I have been researching the derivative scam since 2006, when I started working on my second book.
My archives are at this blog, some at wiki, at Dissident Voice (old and new sites), Schema.org, Lew Rockwell and you can also find research by googling.
Why leave the low-hanging fruit?
Well, nothing the elites do is ever that hidden.
Most of it is done in plan view because, I sense, they know most people in the West have been subjected to such intense propaganda from school, from the media, from corporate culture, from academia, and from the polarized set up of debate, that even if they see truths or facts, they can’t recognize them for what they are.
Also,
I have been writing about the BIS from 2009, as you can see from this site and I realized derivatives were being intentionally used and tied up the connections in 2008.
In fact, that’s where everyone got the notion that the whole thing, from the late 1980s onward was likely a scam.
I believe some have written books on this since, but I broached the notion with plenty of evidence in articles from 2006-08
And I have blogged about the BIS here, as you can see by checking the archives.
I made the very same statement you made now, several times earlier this month, earlier this year, and as far back as 2009
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Helpful info. Lucky me I found your web site
unintentionally, and I am stunned why this twist
of fate didn’t happened earlier! I bookmarked it.