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World's Stocks Controlled by Select Few


nodle
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Neat read, but I am not surprised.

 

A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations. This is the first clear picture of the global concentration of financial power, and point out the worldwide financial system's vulnerability as it stood on the brink of the current economic crisis.

http://www.livescience.com/culture/090826-stock-market.html

 

The Capital Group Companies is one of the world’s largest investment management organizations with assets of around one trillion USD under management. It comprises a group of investment management companies, including Capital Research and Management, American Funds, Capital Bank and Trust, Capital Guardian, and Capital International. As measured by assets under management, Capital rivals Fidelity Investments, a figure the company will not confirm because it eschews publicity.[1] The firm was founded in 1931 by Jonathan Bell Lovelace. – CGC

 

 

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