Financially, yes kinda, but it is only part of the story. Politically and influentially, this is a big thing.
They no longer have the veiled threat of state backing, nor do they retain the influence it provided, which is a huge part of their threat.
.
This is analogous to the news and media. Sure they still have piles of cash and are bankrolled by evil, but they are a neutered puppy compared to the threat they were even 3 years ago. I heard a report the other day that they had what, 11% trust rating?
This is a drop in a bucket for them. Blackrock is in charge or trillions
Financially, yes kinda, but it is only part of the story. Politically and influentially, this is a big thing. They no longer have the veiled threat of state backing, nor do they retain the influence it provided, which is a huge part of their threat.
.
This is analogous to the news and media. Sure they still have piles of cash and are bankrolled by evil, but they are a neutered puppy compared to the threat they were even 3 years ago. I heard a report the other day that they had what, 11% trust rating?
.
This is the beginning of neutering blackrock.
They were cowering and said not to do this and we are backing off from ESG. If they are so powerful, they will just ignore TX.
They said they are backing away but they only change names that's why TX divest. TX has been telling them to shape up for about a year.