Roughly every 3 years, @BlackRock is required by law to apply for "blanket authorization" from the Federal Energy Regulatory Commission (FERC) to acquire and hold over $10 million (and/or 10% ownership) in voting shares of multiple public utilities. Houston they have a problem - The Great Awakening - Where We Go Qne, We Go All!

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Roughly every 3 years, @BlackRock is required by law to apply for "blanket authorization" from the Federal Energy Regulatory Commission (FERC) to acquire and hold over $10 million (and/or 10% ownership) in voting shares of multiple public utilities. Houston they have a problem (twitter.com)

posted 6 days ago by seernewday 6 days ago by seernewday +94 / -0

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– HODLR 3 points 6 days ago +3 / -0

Merrill Lynch owns the most share of BlackRock, around 45%. Bank of America owns Merrill Lynch

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– seernewday [S] 1 point 6 days ago +1 / -0

There once was a man who sat on his uffet and sold his B of A shares away... of course it wasn't insider... no way!

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– HODLR 5 points 6 days ago +5 / -0

He is sitting on his largest pile of cash ever, last time he did that was 08, everything tanked and he bought back in at the bottom. He thinks it will be worse than 08 this time. Buckle up

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