BlackRock lobbied Trump to give private equity and hedge funds access to 401(k) retirement portfolios, which he of course did. Now BlackRock is promoting more hedge fund investments, and launching its own retirement fund with PE and private credit assets. Blatant corruption.
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Posted by Conscious-Quarter423
6 Comments
Pension funds represent one of the last untapped pools of wealth for the private equity parasites to jam their blood funnels into. Really, we should dismiss Trump and his administration, and our entire Republicrat duopoly Parliament of Whores on Capitol Hill, and let our unelected rulers at BlackRock, Vanguard, & State Street rule over us directly.
2006-2007 rinse & repeat
This is so unbelievably disheartening…
BlackRock is an asset manager not a PE fund, you are probably thinking of Blackstone.
They are not the same.
Fuck Black Rock
what caught my attention was that this move is going to allow cryptocurrencies into defined 401(k) contribution plans