How things work on Wall Street
Submitted by gjohnsit on Wed, 07/20/2022 - 8:59pmBlackRock is the largest asset manager in the entire world.
That means they are the best in the world at what they do, amirite? Well maybe not.
Blackrock
Fed Chair Jerome Powell says his conflicts on interests are being managed “extremely carefully”
Submitted by gjohnsit on Sun, 08/09/2020 - 10:13pmFederal Reserve Chair Powell wants you to know that instead of avoiding or eliminating conflicts of interest, he's decided to manage them.
Blackrock: Move along. There's nothing to see here.
Submitted by gjohnsit on Mon, 06/15/2020 - 1:14pmIt's just a coincidence that when the credit markets froze up last September, the Federal Reserve had a financial bailout plan already on-hand that was designed to address this exact scenario. That plan was presented to the Fed by BlackRock just one month earlier.
Blackrock: Being on both ends of a scam
Submitted by gjohnsit on Thu, 03/26/2020 - 11:38pmThe Federal Reserve on Tuesday hired BlackRock Inc. to steer tens of billions of dollars in bond purchases. Again.
Blackrock and Hillary Clinton
Submitted by Meteor Man on Wed, 05/11/2016 - 11:41pmDavid Dayen reporting at the Intercept on March 2nd, 2016:
BlackRock is far from a household name, but it is the largest asset management firm in the world, controlling $4.6 trillion in investor funds — about a trillion dollars more than the annual federal budget, and five times the assets of Goldman Sachs. And Larry Fink, BlackRock’s CEO, has assembled a veritable shadow government full of former Treasury Department officials at his company.
