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?
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.