Meet BlackRock, The New Great Vampire Squid
https://www.sott.net/article/436963-Meet-BlackRock-The-New-Great-Vampire-Squid
BlackRock has been called "the most powerful institution in the financial system," "the most powerful company in the world" and the "secret power." It is the world's largest asset manager and "shadow bank," larger than the world's largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. BlackRock has also been called "the fourth branch of government" and "almost a shadow government", but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a "Systemically Important Financial Institution" under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had "cozy" relationships with government officials
#blackrock
https://www.sott.net/article/436963-Meet-BlackRock-The-New-Great-Vampire-Squid
BlackRock has been called "the most powerful institution in the financial system," "the most powerful company in the world" and the "secret power." It is the world's largest asset manager and "shadow bank," larger than the world's largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. BlackRock has also been called "the fourth branch of government" and "almost a shadow government", but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a "Systemically Important Financial Institution" under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had "cozy" relationships with government officials
#blackrock
Sott.net
Meet BlackRock, The New Great Vampire Squid
BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars...