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re: How do we cut the head off the snake (Black Rock and Vanguard)

Posted on 1/10/22 at 4:08 pm to
Posted by LSUAngelHere1
Watson
Member since Jan 2018
10137 posts
Posted on 1/10/22 at 4:08 pm to
ALL American Marxists must be eliminated. They're like an invasive species and wont stop multiplying to destroy everything in it's path.
Posted by IceTiger
Really hot place
Member since Oct 2007
26584 posts
Posted on 1/10/22 at 4:10 pm to
quote:


You bring this up to anyone and they laugh and call you a conspiracy loon.


Donilon is actively running the executive branch.
Posted by TexasRiddler
Member since May 2020
29 posts
Posted on 1/10/22 at 4:11 pm to
The problem is funds give themselves the power to vote on shares owned by their customers. Customers are the owners but if the index fund customers own 20% of all stock in the S&P500 then the fund manager controls 20% of the votes in every company included. That is too much power.

They use to abstain or vote with management by default but Elizabeth Warren types have been getting in their ear and they have begun global warming and anti-gun pressure on companies by leveraging the voting rights of their customers. That is not good for the business or the wishes of the owners. The fund manager does not suffer when the company suffers as the manager is not an owner.

It is a misalignment where the owners are not in control some fund manager is given power not deserved.

A simple solution is a rule for mutual funds that the owners maintain voting rights and they cannot be taken away by the fund managers. This would be a minor tweak not affecting the overall level of regulation in a heavily regulated industry, but would be hugely beneficial.
Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 1/10/22 at 4:14 pm to
quote:

They're knee deep into the real estate bubble and it will pop exactly when they tell it to.


Vanguard doesn't even have 125 billion float in real estate ETF's. Not trying to turn this into a Reddit thread but let's be honest about investing. There is NOTHING in this world you can't invest in. Don't fault brokerages for doing it.
Posted by Intelligent
Member since Jun 2017
675 posts
Posted on 1/10/22 at 4:17 pm to
ANOTHER BlackRock thread by a financially illiterate moron.

Posted by Bearcat90
The Land
Member since Nov 2021
2955 posts
Posted on 1/10/22 at 4:23 pm to
quote:

How do we slay this beast?


Clone Teddy Roosevelt?
Posted by Out da box
Member since Feb 2018
790 posts
Posted on 1/10/22 at 4:28 pm to
You are 100% over the target..along with the elite families like Rothchilds and Rockefeller’s. I see 2 ways ...1)don’t buy their goods 2) find them criminally liable (I’ll leave that broad......killing people with toxins in foods is one, financial theft on a grand scale is another)
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