Meet BlackRock, the New Great Vampire Squid
Posted by freedomforall 3 years, 10 months ago to Politics
"The national lockdown left states, cities and local businesses in desperate need of federal government aid. But according to David Dayen in The American Prospect, as of May 30 (the Fed’s last monthly report), the only purchases made under the Fed’s new BlackRock-administered SPVs were ETFs, mainly owned by BlackRock itself. Between May 14 and May 20, about $1.58 billion in ETFs were bought through the Secondary Market Corporate Credit Facility (SMCCF), of which $746 million or about 47% came from BlackRock ETFs. The Fed continued to buy more ETFs after May 20, and investors piled in behind, resulting in huge inflows into BlackRock’s corporate bond ETFs."
"BlackRock got a bailout with no debate in Congress, no “penalty” interest rate of the sort imposed on states and cities borrowing in the Fed’s Municipal Liquidity Facility, no complicated paperwork or waiting in line for scarce Small Business Administration loans, no strings attached. It just quietly bailed itself out."
"BlackRock got a bailout with no debate in Congress, no “penalty” interest rate of the sort imposed on states and cities borrowing in the Fed’s Municipal Liquidity Facility, no complicated paperwork or waiting in line for scarce Small Business Administration loans, no strings attached. It just quietly bailed itself out."
Chris Martensen says it's not: "Left vs Right"
It's "Ideology Vs Integrity" (roughly).
Someone with integrity takes losses THEY'VE earned...
The ideology here is that the government is ONLY here to help it's own. Its Donors, Its deep state. Look at the DISSENTING judge against Flynn. Thank GOD trump just replaced one of the three. Imagine if it was ANOTHER Liberal Judge on that court. Flynn would have been hung out to dry!
The challenge is that THIS will devolve into Civil War at some point. Because groups/factions are being turned against each other on Ideology and Fairness...
While the PLAYING Field should be Fair, the RESULTS never are. Govt should NOT pick winners and losers.
It's okay to knee cap a winner (preventing monopolies, and anti-competitive practices, preventing their UNDO influence)
[Most big companies hire lobbyists to create laws that PREVENT their competition from getting off the ground, like Rx companies RAISING the cancer drug testing fee by MILLIONS to stop Dr. Burzynski from being able to afford to test his NON-TOXIC cancer therapy that doesn't kill the patient, and has the ONLY 20+ year Gioblastoma survivors. Oh, and he will HONESTLY tell you the probability of his therapy working for you, and does NOT recommend when it is 50/50 or lower!) Fauci then said... "We will NEVER give a Cancer drug approval to a non-multi-national corporation!"... LMAO... Of course not, they have not paid you enough!
Anyways, I always thought government research should be in 2 directions:
- Attacking the Free Market [Finding Alternatives to the most Profitable Drugs with Diet/Lifestyle/Vitamins, etc]
- Attacking the studies/headlines/summaries. Shredding things like the "Statin" studies showing how they MANIPULATED them.
Unfortunately, to prevent this, Rx companies now get the grants to do the studies, and put the Researchers on Non-Disclosure. So they can fail 100 times to show a benefit. And CANNOT Publish it. But the 1 study that shows some Bullshit they can manipulate with Statistics, gets published, and counts as "Scientific Proof"... Let that sink in.
Because EVERY Facet of our world is this way. Lancet publishing FAKED articles, for POLITICS. And SOME trust Climate Models. Laughing My Arse Off!
This is just the Financial version of the same. In all cases, you find laws that HARM Consumers, and protect industries, especially insurance, and banking!
Could this be the big 666 corporation?