BlackRock is under Federal investigation for investing 429 billion dollars into foreign companies that support Chinas Military… 👀👀🤔🤨
(www.washingtonexaminer.com)
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I'm not a fan of this like anyone else; but the way I read the article it looks like they invested in funds that support Chinese military. The crap they all invest in isn't that uncommon; and yes that still is an investment etc, but we should note the caveat that this was not direct funding, but somewhat indirect through investment funds. In other words not a pallet of cash like we saw with Ur 1...
Do realize someone will probably rip me that its still money going to a foreign enemy (I 100% agree) but Blackrock literally has their hands in everything through various investments.
Bottom line is we face so much heavy scrutiny is individual investors about time the Blackrock's and Vanguards of world are held accountable. While its egregious, nothing new....they've been bleeding us dry laundering money forever.Will be curious to see how this plays out.
You aren't wrong. Anyone here with an IRA or 401k could possibly have some similar investments and not know about it.
If you don't manage the investments personally, your money is all over the place.
The school district my wife works for moved all their retirement funds to BlackRock funds. No other choices ! This act seem illegal to me ?
Be sure to let them know BR is being investigated, and maybe they will change their minds about having all the eggs in one basket.