Posted on 12/05/2021 5:48:14 AM PST by Twotone
Consumers’ Research, the nation’s oldest consumer advocacy organization, sent a Dec. 2 letter (pdf) to ten U.S. governors warning them about the reliance of their states’ pension funds on BlackRock’s strong ties to China.
BlackRock, under its CEO Larry Fink, is the first foreign-owned company to receive a license to operate in China’s $3.5 trillion mutual fund industry, Forbes reported.
Consumers’ Research executive director William Hild sent the warning to the governors of Washington, Florida, New York, Nevada, South Carolina, Oklahoma, Pennsylvania, Montana, Nebraska, and West Virginia—the ten states with the most investments in BlackRock.
Washington has invested the most money, with $13 billion of its state pension fund invested in BlackRock.
The letter, coming after the findings in the 2021 Report to Congress, was sent to “raise awareness among American consumers that BlackRock is taking their money and betting on China,” said Hild.
“In so doing they are putting American security at risk, along with billions of dollars from U.S. investors.”
(Excerpt) Read more at theepochtimes.com ...
NY libtards-in-charge made a monumental stink about divesting pension funds from Israeli companies, yet have pension funds in the filthy Blackrock and their Chinese masters. Idiots and hypocrites.
ditto. br is about China dirty as it gets
Gee, I don’t see the protests around the BlackRock HQ demanding that they divest themselves of ChiCom investments because they employ slave labor. Why? (Sarc.)
These companies like blackrock are run by control freak sociopaths who are drawn to the evil of communism.
I just checked my Sep-IRA investment fund, I have shares of Blackrock in there, selling them tomorrow. Buying something American instead.
You just described ALL democRATs.
This is a problem across Western countries as their own leftists have aligned with communist China just as our own Democrats have done. And when you go to bed with communist China you can’t be surprised to wake up with communism. I read an article on the OG slave holders and protecting the new ones, “Democrats fight plan that attacks Chinese slave labor”, and you can give that a look at WND. MSM is the same way and protects their fellow communists too. We don’t control MSM or social(IST) media so we just have to get the word out as best as we can and hope enough sheeple wake up.
Well freedom loving Israelis are a threat to the left. Of course now that 89.7% of their population has been clot shot’ed they aren’t much of a threat to anyone.
If you can, divest yourself from Black rock. iShare is also owned by Black Rock.
Ever think the Chicom’s would deliberately tank those investments? They could single out American investments, then tank it to steal the money. Would Brandon bail them out.
JPMorgan CEO takes back joke about China’s Communist Party
Jamie Dimon over at JPM should be in the same boat.
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