聯儲失信於天下，巴克萊銀行預警全球金融風暴

巴克萊銀行是美國幾乎所有著名金融機構的大股東。是美聯儲大股東的大東家。是下列美國最大的五家房貸機構的主要投資人。水不是一般化地深。巴克萊的預警不得不嚴肅對待。一位筆名為 Edward Ulysses Cate
的人，對美國主要金融機構的前十名參股機構進行了系統分析。下面先看他的一篇文章《誰現在控制著絕大多數的美國房貸》，然後再看每日電訊發表的《美聯儲失信於天下，巴克萊銀行預警全球金融風暴〉，讀者可能會對這個預警有更深入的理解。

Who Now Controls Most Of America's Mortgages?

http://greatreddragon.com/

The five largest servicers -- Countrywide Financial Corp., Wells Fargo & Co., CitiMortgage Inc., Chase Home Finance Inc. and Washington Mutual Inc. -- together manage more than half the home loans in the U.S., according to New York-based National Mortgage News, an industry publication.
So if we add Freddie Mac and Fannie Mae to that mix, I figure we've isolated the lion's share of the home mortgage market. That's why I've added tables below for all of the above. Then you can see just how much our financial system is inter-connected, and who controls what. It's also amazing just how much influence London and Paris have in American finances. But then again, this has been going on for almost 400 years. Yes, I know. It is difficult to fathom.
While updating the tables, large changes in holdings showed up. Especially with Capital Group loading it's boats with Fannie Mae shares. They also significantly added to their holdings of Countrywide, Wells Fargo, Citigroup, JPMorgan Chase, Washington Mutual and Freddie Mac. Are they trying to become America's landlord? Looks like they're betting heavily that most of these mortgages will be paid.

The most significant change has been Capital Group's sharp rise in ownership in just the last six months. During this same time, it looks like Barclays and their Associates have been unloading their boats, whether by design or financial necessity. In fact, Barclays reduced their holdings in all but Wells Fargo. Why is certainly beyond me. Maybe you can figure it out. I'm just trying to help.

Capital Group Barclays Associates
Company 12/31/07 06/30/07 12/31/07 06/30/07
Countrywide 35.61% 0.00% 24.42% 32.90%
Wells Fargo 10.11% 3.67% 8.59% 5.98%
CitiMortgage 15.98% 4.63% 8.82% 9.18%
Chase Home 6.20% 2.36% 13.28% 13.39%
Washington Mutual 29.93% 18.41% 16.26% 23.18%
Freddie Mac 32.00% 12.25% 14.76% 15.10%
Fannie Mae 73.14% 18.42% 10.52% 27.89%

Looking deeper, the Major Holders who control those mortgage companies have certainly got their hands full. You'll find the TOP 10 Major Holders of each company below. For the sake of many of our country's retiring boomers, I sure hope Capital Group has made the right choices.

There are also two rating agencies that oversee this marketplace, Standard and Poors and Moody's. They were detailed in a previous commentary, CIT/FreddieMac - All In The Family. Perhaps this is why Capital Group didn't load up as much on Freddie Mac.

As mentioned last year here, very little has changed since 1889 when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands. With Capital Group controlling over $1.4 TRILLION of investments, and that they've become significant holders in our largest mortgage companies, shouldn't we know more about who's calling the shots at that company?

In my opinion, there's just way too much secrecy in both business and government, which makes it very easy for people to lie, steal and murder. Especially when the controlled media can't tell us any more than they do. They do publish the dots, but connecting dots and publishing that information is dangerous. You have only to read what happened to Gary Webb to understand the reluctance of journalists.

Perhaps that's the reason why: Sometimes The Dragon Wins



--------------------------------------------------------------------------------
Symbol Name Of Corporation
CFC

Major
Holders Countrywide Financial Corp. (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Brandes Investment Partners L.P. 55,325,167 9.56% $494,606,992 -.--%
Legg Mason Capital Management, Inc. 54,636,544 9.44% $488,450,703 -.--%
Capital Research And Management Company 47,659,000 8.24% $905,997,590 -.--%
Capital World Investors 31,259,000 5.40% $279,455,460 -.--%
FMR LLC (Fidelity) 30,992,478 5.36% $277,072,753 -.--%
Goldman Sachs Group Inc 28,095,122 4.85% $251,170,390 -.--%
Capital Research Global Investors 25,450,000 4.40% $227,523,000 -.--%
Wellington Management Company, LLP 23,883,186 4.13% $213,515,682 -.--%
Barclays Global Investors UK Holdings Ltd 22,376,812 3.87% $200,048,699 -.--%
Pzena Investment Management, LLC 22,128,424 3.82% $197,828,110 -.--%
% of Shares Held by All Insider and 5% Owners:  6%  -.--%
Top 10 [2.6%] of 383 Institutional Holders Control  59.07%  -.--%
Percentage of Barclays and "Associates" Control  18.16%  -.--%


NOTE: Capital Group manages three funds that control 7.21%.
Legg-Mason manages a fund that controls 3.53%.
Washington Mutual manages a fund that controls 2.73%.
Fidelity manages a fund that controls 1.38%.
Therefore, the TOP 10 Major Holders control 73.92%, and
Barclays/Associates control 24.42% of Countrywide.
Capital Group now controls 35.61%.

--------------------------------------------------------------------------------
Symbol Name Of Corporation
WFC

Major
Holders Wells Fargo & Company (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Berkshire Hathaway, Inc 289,259,868 8.62% $8,732,755,414 -.--%
Capital Research And Management Company 139,587,000 4.16% $4,972,088,940 -.--%
Barclays Global Investors UK Holdings Ltd 112,321,712 3.35% $3,390,992,485 -.--%
State Street Corporation 111,160,088 3.31% $3,355,923,056 -.--%
Capital World Investors 110,275,000 3.29% $3,329,202,250 -.--%
Vanguard Group, Inc. (The) 97,861,725 2.92% $2,954,445,477 -.--%
UBS Global Asset Management (Americas) Inc 70,084,966 2.09% $2,115,865,123 -.--%
FMR LLC (Fidelity) 65,437,707 1.95% $1,975,564,374 -.--%
Davis Selected Advisers, LP 62,466,514 1.86% $1,885,864,057 -.--%
State Farm Mutual Automobile Insurance Co 55,039,014 1.64% $1,661,627,832 -.--%
% of Shares Held by All Insider and 5% Owners:  0%  -.--%
Top 10 [0.8%] of 1208 Institutional Holders Control  33.19%  -.--%
Percentage of Barclays and "Associates" Control  6.66%  -.--%


NOTE: Capital Group manages three funds that control 2.66%.
Vanguard manages three funds that control 2.17%.
Washington Mutual manages a fund that controls 1.35%.
Davis manages a fund that controls 0.95%.
Barclays manages a fund that controls 0.58%.
Therefore, the TOP 10 Major Holders control 40.90%, and
Barclays/Associates control 8.59% of U.S. Bancorp.
Capital Group now controls 10.11%.

--------------------------------------------------------------------------------
Symbol Name Of Corporation
C

Major
Holders Citigroup Inc. (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Capital Research And Management Company 230,537,577 4.63% $10,759,188,718 -.--%
Barclays Global Investors UK Holdings Ltd 193,733,224 3.89% $5,703,506,114 -.--%
State Street Corporation 168,713,733 3.39% $4,966,932,299 -.--%
Capital Research Global Investors 152,224,297 3.06% $4,481,483,303 -.--%
Vanguard Group, Inc. (The) 147,162,365 2.95% $4,332,460,025 -.--%
Capital World Investors 135,231,777 2.71% $3,981,223,514 -.--%
FMR LLC (Fidelity) 104,388,753 2.10% $3,073,204,888 -.--%
AXA (Paris, France) 85,210,035 1.71% $2,508,583,430 -.--%
Bank of New York Mellon Corporation 76,662,587 1.54% $2,256,946,561 -.--%
UBS Global Asset Management (Americas) Inc 71,044,110 1.43% $2,091,538,598 -.--%
% of Shares Held by All Insider and 5% Owners:  0%  -.--%
Top 10 [0.7%] of 1416 Institutional Holders Control  27.41%  -.--%
Percentage of Barclays and "Associates" Control  8.82%  -.--%


NOTE: Capital Group manages four funds that control 5.58%.
Vanguard manages three funds that control 2.13%.
Therefore, the TOP 10 Major Holders control 35.12%, and
Capital Group controls 15.98% of Citigroup.

--------------------------------------------------------------------------------
Symbol Name Of Corporation
JPM

Major
Holders JPMorgan Chase & Co (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
AXA (Paris, France) 162,403,230 4.83% $7,088,900,989 -.--%
Barclays Global Investors UK Holdings Ltd 150,034,475 4.47% $6,549,004,833 -.--%
State Street Corporation 123,254,206 3.67% $5,380,046,091 -.--%
Vanguard Group, Inc. (The) 100,641,666 3.00% $4,393,008,720 -.--%
FMR LLC (Fidelity) 89,333,481 2.66% $3,899,406,445 -.--%
Capital Research And Management Company 74,443,901 2.22% $3,411,019,543 -.--%
Davis Selected Advisers, LP 73,675,380 2.19% $3,215,930,337 -.--%
Capital Research Global Investors 66,839,901 1.99% $2,917,561,678 -.--%
Bank of New York Mellon Corporation 57,802,612 1.72% $2,523,084,013 -.--%
Goldman Sachs Group Inc 46,848,341 1.39% $2,044,930,084 -.--%
% of Shares Held by All Insider and 5% Owners:  1%  -.--%
Top 10 [0.7%] of 1317 Institutional Holders Control  28.14%  -.--%
Percentage of Barclays and "Associates" Control  11.25%  -.--%


NOTE: Vanguard manages four funds that control 2.87%.
Capital Research manages a fund that controls 1.99%.
Davis Selected Advisers manages a fund that controls 0.99%.
Washington Mutual manages a fund that controls 0.91%.
Barclays manages a fund that controls 0.59%.
Legg-Mason manages a fund that controls 0.53%.
Therefore, the TOP 10 Major Holders control 36.02%, and
Barclays/Associates controls 13.28% of JP Morgan Chase.
Capital Group controls 6.20%.

--------------------------------------------------------------------------------
Symbol Name Of Corporation
WM

Major
Holders Washington Mutual Inc. (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Capital World Investors 69,730,000 8.03% $949,025,300 -.--%
Capital Research Global Investors 58,868,550 6.78% $801,200,965 -.--%
Brandes Investment Partners L.P. 50,201,678 5.78% $683,244,837 -.--%
Barrow, Hanley Mewhinney & Strauss, Inc. (Old Mutual) 45,047,319 5.19% $613,094,011 -.--%
Hotchkis & Wiley Capital Management, LLC 43,488,092 5.01% $591,872,932 -.--%
Harris Financial Corp 35,158,812 4.05% $478,511,431 -.--%
Franklin Resources, Inc 29,357,421 3.38% $399,554,499 -.--%
Barclays Global Investors UK Holdings Ltd 29,247,762 3.37% $398,062,040 -.--%
Dreman Value Management, L.L.C. 27,962,797 3.22% $380,573,667 -.--%
State Street Corporation 27,442,059 3.16% $373,486,422 -.--%
% of Shares Held by All Insider and 5% Owners:  0%  -.--%
Top 10 [1.7%] of 574 Institutional Holders Control  47.97%  -.--%
Percentage of Barclays and "Associates" Control  13.96%  -.--%


NOTE: Capital Group manages five funds that control 15.12%.
Franklin manages a fund that controls 2.30%.
Therefore, the TOP 10 Major Holders control 65.09%,
Barclays/Associates control 16.26%, and
Capital Group controls 29.93% of Washington Mutual.

--------------------------------------------------------------------------------
Symbol Name Of Corporation
FRE

Major
Holders Freddie Mac (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Capital Research Global Investors 60,678,100 8.82% $2,067,302,867 -.--%
Capital World Investors 42,545,600 6.18% $1,449,528,592 -.--%
AXA (Paris, France) 36,630,015 5.32% $1,247,984,611 -.--%
Pzena Investment Management, LLC 29,661,962 4.31% $1,010,583,045 -.--%
Barclays Global Investors UK Holdings Ltd 27,283,692 3.97% $929,555,386 -.--%
UBS Global Asset Management (Americas) Inc 22,649,797 3.29% $771,678,583 -.--%
Morgan Stanley 21,698,473 3.15% $739,266,975 -.--%
Hotchkis & Wiley Capital Management, LLC 21,245,650 3.09% $723,839,295 -.--%
State Street Corporation 21,042,309 3.06% $716,911,467 -.--%
Goldman Sachs Group Inc 20,192,696 2.93% $687,965,152 -.--%
% of Shares Held by All Insider and 5% Owners:  0%  -.--%
Top 10 [2.0%] of 489 Institutional Holders Control  44.12%  -.--%
Percentage of Barclays and "Associates" Control  13.11%  -.--%


NOTE: Capital Group manages four funds that control 17.00%.
Washington Mutual manages a fund that controls 1.65%.
Vanguard manages a fund that controls 0.91%.
Therefore, the TOP 10 Major Holders control 63.68%, and
Barclays/Associates control 14.76% of Freddie Mac.
Capital Group now controls 32.00%.

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Symbol Name Of Corporation
FNM

Major
Holders Fannie Mae (As of 31-Dec-2007) (As of 30-Jun-2007)
Top 10 Institutional Holders Shares 2007 Value 2006
Capital Research And Management Company 208,804,896 21.35% $12,697,425,725 -.--%
Capital Research Global Investors 115,585,266 11.82% $4,621,098,934 -.--%
Capital World Investors 108,644,200 11.11% $4,343,595,116 -.--%
AXA (Paris, France) 41,085,324 4.20% $1,642,591,253 -.--%
Barclays Global Investors UK Holdings Ltd 38,982,495 3.99% $1,558,520,150 -.--%
FMR LLC (Fidelity) 34,875,486 3.57% $1,394,321,930 -.--%
State Street Corporation 30,604,604 3.13% $1,223,572,067 -.--%
Vanguard Group, Inc. (The) 29,380,820 3.00% $1,174,645,183 -.--%
Lord Abbett & Co 28,150,247 2.88% $1,125,446,875 -.--%
HSBC Holdings PLC 23,281,575 2.38% $930,797,368 -.--%
% of Shares Held by All Insider and 5% Owners:  0%  -.--%
Top 10 [1.6%] of 603 Institutional Holders Control  67.43%  -.--%
Percentage of Barclays and "Associates" Control  7.12%  -.--%


NOTE: Capital Group manages nine funds that control 28.86%.
Washington Mutual manages a fund that controls 3.40%.
Therefore, the TOP 10 Major Holders control 99.69%, and
Barclays/Associates control 10.52% of Fannie Mae.
Capital Group now controls 73.14%.



http://www.telegraph.co.uk/money ... 7/cnbarclays127.xml

Barclays warns of a financial storm as Federal Reserve's credibility crumbles



Last Updated: 12:01am BST 28/06/2008



US central bank accused of unleashing an inflation shock that will rock financial markets, reports Ambrose Evans-Pritchard

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".

"We're in a nasty environment," said Tim Bond, the bank's chief equity strategist. "There is an inflation shock underway. This is going to be very negative for financial assets. We are going into tortoise mood and are retreating into our shell. Investors will do well if they can preserve their wealth."

Barclays Capital said in its closely-watched Global Outlook that US headline inflation would hit 5.5pc by August and the Fed will have to raise interest rates six times by the end of next year to prevent a wage-spiral. If it hesitates, the bond markets will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility," said Mr Bond.

   
Strategists at Barclays accuse Ben Bernanke of a policy blunder

RBS issues global crash alert
Read more by Ambrose Evans Pritchard
The grim verdict on Ben Bernanke's Fed was underscored by the markets yesterday as the dollar fell against the euro following the bank's dovish policy statement on Wednesday.

Traders said the Fed seemed to be rowing back from rate rises. The effect was to propel oil to $138 a barrel, confirming its role as a sort of "anti-dollar" and as a market reproach to Washington's easy-money policies.

The Fed's stimulus is being transmitted to the 45-odd countries linked to the dollar around world. The result is surging commodity prices. Global inflation has jumped from 3.2pc to 5pc over the last year.


Mr Bond said the emerging world is now on the cusp of a serious crisis. "Inflation is out of control in Asia. Vietnam has already blown up. The policy response is to shoot the messenger, like the developed central banks in the late 1960s and 1970s," he said.

"They will have to slam on the brakes. There is going to be a deep global recession over the next three years as policy-makers try to get inflation back in the box."

Barclays Capital recommends outright "short" positions on Asian bonds, warning that yields could jump 200 to 300 basis points. The currencies of trade-deficit states like India should be sold. The US yield curve is likely to "steepen" with a vengeance, causing a bloodbath for bond holders.

David Woo, the bank's currency chief, said the Fed's policy of benign neglect towards the dollar had been stymied by oil, which is now eating deep into the country's standard of living. "The world has changed all of a sudden. The market is going to push the Fed into a tightening stance," he said.

Gazprom chief expects 'radical' change in oil price
More comment and analysis from The Telegraph
The bank said the full damage from the global banking crisis would take another year to unfold.

Rob McAdie, Barclays' credit strategist, said: "The core issues have not been addressed. We're still in a very large deleveraging cycle and we're seeing losses continue to mount. We think smaller banks will struggle to raise capital. We're very bearish - in the long-term - on high-yield debt. The default rate will reach 8pc to 9pc next year."

He said investors had taken their eye off the slow-motion disaster engulfing the US bond insurers or "monolines". Together these firms guarantee $170bn of structured credit and $1,000bn of US municipal bonds.

The two leaders - MBIA and Ambac - have already been downgraded as the rating agencies belatedly turn stringent. The risk is further downgrades could set off a fresh wave of bank troubles. "The creditworthiness of many US financial institutions will decline in coming months," he said.

The bank warned that engineering and auto firms we're likely to face a crunch as steel and oil costs surge. "Their business models will have to be substantially altered if they are going to survive," said Mr McAdie.

A small chorus of City bankers dissent from the view that inflation is the chief danger in the US and other rich OECD countries. The teams at Société Générale, Dresdner Kleinwort, and Banque AIG all warn that deflation may loom as housing markets crumble under record levels of household debt.

Bernard Connolly, global startegist at Banque AIG, said inflation targeting by central banks had become a "totemism that threatens to crush the world economy".

He said it would be madness to throw millions out of work by deflating part of the economy to offset a rise in imported fuel and food prices. Real wages are being squeezed by oil, come what may. It may be healthier for society to let it happen gently