Now the question becomes, what do we the people do about it? I can see GME being the play that ends the fed, but how Blackrock is connected and comes out? Not sure.
Based upon the article, which I only briefly skimmed as most of it is way over my head, it doesn't sound like anything good can come of this.
From the article
As the indefatigable Charlie Gasparino of the New York Post recently noted,
What’s different here is how big of a role people associated with Larry Fink’s BlackRock have taken in formulating national ESG policy, and how much the company stands to profit from it with barely a peep from that aforementioned gotcha crowd.
His firm runs money for individuals, businesses and governments across the globe, also managing the Fed’s massive portfolio of debt off and on since the 2008 financial crisis.
Fink is a billionaire, and his success enabled him to become a key player in the Democratic Party. And he hasn’t been bashful in deploying BlackRock’s clout to advance Democratic economic causes in ways that happen to support its bottom line.
Last year, he famously wrote an open letter threatening to push for the removal of board members of companies BlackRock invests in if they refuse to toe the progressive line on climate change.
Now the question becomes, what do we the people do about it? I can see GME being the play that ends the fed, but how Blackrock is connected and comes out? Not sure.
Blackrock is going to be the biggest surprise in the post-awakening world, just wait and see.
Black rock has a big position in GME they stand to make. Shit ton.
Based upon the article, which I only briefly skimmed as most of it is way over my head, it doesn't sound like anything good can come of this.
From the article