Posted on 03/04/2025 9:19:12 AM PST by Miami Rebel
Now it is time to break up Blackrock with antitrust action.
Part of a consortium. It would be interesting to find out who the other parties are and their percentage shares. Better than CCP control, but not sure how much.
Can we trust Blackrock?
Link says Congress was informed...Stop saying there’s a problem where there is none. Panama heard us loud and clear.
My sentiments as well.
Blackrock’s gonna put shitty housing all around the canal.
BINGO
p
https://finance.yahoo.com/news/blackrock-woke-era-over-103000064.html?
BlackRock’s ‘Woke’ Era Is Over
SNIP
...”It has been gradually walking back its ESG initiatives for years after conservatives criticized the movement as being “woke” and legal risks grew. BlackRock’s recent actions show the reversal is almost complete, though the fallout might not be. The company has been able to maintain strong results throughout the controversy, reporting record inflows last year.
Crucially, BlackRock has remained out of the crosshairs of President Trump, who has a personal relationship with Fink. Trump has publicly commended Fink for managing his money well in the past, and Fink and other BlackRock executives still have the Trump team’s ear on economic issues, according to people familiar with the matter.”....
The USA sold it for cheap, and now it’s being bought back for a few billion dollars?
“Now it is time to break up Blackrock with antitrust action.”
Why? What industry do they control?
“The USA sold it for cheap, and now it’s being bought back for a few billion dollars?”
It’s fair to say the Chinese spent a lot of money on maintaining and upgrading the ports during their ownership.
Do you have an history of the sales, because I sure don’t. As to the price Black Rock is paying, I’m confident that they’re losing no money on the transaction, and at any rate it isn’t taxpayer money, so who cares?
“Can we trust Blackrock?”
To run the ports profitably? Yes.
They control vast amounts of money which is a vast amount of power. As of the fourth quarter of 2024, BlackRock managed $11.6 trillion in assets under management (AUM). This is a record high for the world's largest asset manager. Do you want just one entity controlling $11.6 trillion?
“They control vast amounts of money which is a vast amount of power.”
“They” include me and a lot of other retail investors. They “control” their UAM the same way Fidelity of Vanguard on Manulife do. They invest it on behalf of their private investors. If you’re worried about a concentration of power based on wealth, go after Musk and Bezos.
So do you, as an investor, have any controlled over blackrock? No, you do not. They take your money and use it for political power. Do you, as an investor, have any controlled over blackrock? No, you do not. They take your money and use it for political power. I’m sure that they give a decent rate of return, but it’s a huge concentration of power that must be dealt with.
If I remember correctly, the 1977 Panama Canal treaty (say what you want about the treaty or Jimmy Carter), gives the United States priority access to the canal. Any US government vessel gets to go to the front of the line any time they need to. This is an obligation on the government of Panama and whatever company runs the canal has no say about it.
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