re: Biden Admin is reportedly leaking bureau of labor statistics to Blackrock and JPMorgan

My point is this: there are many examples of financial institutions doing sketchy shite when trading for their own proprietary accounts. In other words they have groups that trade the firm's money for the firm's benefit, often trading against client interests. I see so many stories about BlackRock that imply that whatever sketchy shite they're doing is directly for their own interests, e.g. buying homes, etc. BLK doesn't have a proprietary trading business, so whatever they're doing is for the funds they manage that hold client money. Sure they benefit if their clients do well, but they're not directly engaging in these activities.

The broader point is to remember the Gell-Mann amnesia effect when reading any article about finance, or anything else. Most of the writers of these articles don't know what the frick they're talking about. I see BlackRock described as a 'hedge fund' all the time, which is hilarious given that the vast majority of their assets under management are index funds.

I get your point, I just don’t see its relevance to the OP.