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116 sats \ 6 replies \ @nerd2ninja 29 Sep 2022
This is why Occupy Wall Street happened. What the fuck does BlackRock need a bailout for?
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260 sats \ 0 replies \ @ken 29 Sep 2022
This is exactly why money needs to be separated from the state. We're all getting fleeced.
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20 sats \ 0 replies \ @faithandcredit 30 Sep 2022
"Give me control of a nations pensions and i dont care who makes its laws"
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20 sats \ 3 replies \ @tomlaies 29 Sep 2022
It's about pension funds that are assets under management but not BlackRocks own property on their own balance sheet.
That's accounting 101.
But you are right in that is why occupy wall street happened: lack of basic financial knowledge
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15 sats \ 2 replies \ @DeezSats 30 Sep 2022
So blackrock mismanaged it and now needs a bailout. It's the same thing.
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0 sats \ 1 reply \ @tomlaies 30 Sep 2022
I'd say that it isn't blackrocks fault that we live in a monetarysystem that is basically like a shitcoin where a centralized entity can rugpull. Because that is basically what happened.
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41 sats \ 0 replies \ @siggy47 OP 30 Sep 2022
BlackRock in particular is a prime beneficiary of the "Cantillon Effect." This essentially means, “he who was close to the king and the wealthy”, likely benefitted from the distributional choices of currency through the system.
Basically, BlackRock's connections to the corrupt central bank systems ensure it benefits most from the corruption
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120 sats \ 1 reply \ @Wil 29 Sep 2022
It's a big club...
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62 sats \ 0 replies \ @pillar 30 Sep 2022
...and you ain't in it
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45 sats \ 0 replies \ @DarthCoin 29 Sep 2022
Aaaand soon will come the bail-in... paid by NPCs.
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20 sats \ 0 replies \ @faithandcredit 30 Sep 2022
Saving up in the west has become complicated for no reason it seems. I mean you cant save up with the money caus it has been designed to lose value over time so people save up by buying and holding stocks, this means the central banks have to protect the stock market and make sure it always go up, because thats what people use to save up.
But the central banks could just protect the money, and make it something you can use to save up with in the first place..
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20 sats \ 1 reply \ @tomlaies 29 Sep 2022
... Here comes the conspiracy theory bullshit!
The BOE bailed out all funds and institutions that need liquidity regularly because idiotic government yeeted the currency and bonds in the ground.
That's still aweful. But it is NOT like Blackrock secretly pulls the strings in the background.
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0 sats \ 0 replies \ @siggy47 OP 29 Sep 2022
Word is the action was prompted because Blackrock threatened to halt trading.
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0 sats \ 0 replies \ @shyfire 30 Sep 2022
https://xchain.io/tx/49ba69308c9fe8e7dd8d330e5b94d85f84a420236c0e14aceaf4defa0ada23da
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