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There is a suggestion that HSBC and others may have been working with inside knowledge. Blackrock also hired the outgoing chancellor of the UK George Osborne wh
by jamiethompson 9y ago
There is a suggestion that HSBC and others may have been working with inside knowledge. Blackrock also hired the outgoing chancellor of the UK George Osborne who was responsible for awarding vast numbers of contract to Carillion.
- mseebach 9y agoI read an article in FT this morning about how the Carillion problems were hinted in annual reports going back to 2011 (and also how shorting them was popular throughout 2016 and 2017). Hindsight is 20/20, but there's a real chance that Blackrock are just pretty good at what they do.
- adwhit 9y agoEmploying George Osborne for squillions straight from government is definitely unethical. How can he act in the best interest of the country when there is a colossal personal incentive to keep BlackRock et al on side during his tenure?