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This is such a common misconception that Blackrock has a webpage on their website dedicated to clearing it up: https://www.blackrock.com/corporate/newsroom/set

This is such a common misconception that Blackrock has a webpage on their website dedicated to clearing it up: https://www.blackrock.com/corporate/newsroom/setting-the-record-straight/buying-houses-facts https://www.blackrock.com/corporate/newsroom/setting-the-rec...

emptysongglass 4y ago
I don't see how this helps the narrative. You'd expect they would. This is like cigarette companies putting out memos defending cigarettes as less-harmful.
- legitster 4y ago
  "McDonalds sells cocaine to children!" McDonalds: "No we don't." "Ha! That's just what they would say". The ridiculous thing about this set of accusations is that Blackrock is a passive investment management firm. They don't make any more intentional investment decisions than, like, a typical bank.
  - deleted 4y ago
    [deleted]
  - blue039 4y ago
    Their ESG score tells me otherwise. They can single handedly destroy a company or industry with this score. They control trillions in investment capital. They have seats in the largest governments. You are either legitimately shilling for your employer or watch/read one of the several DOZEN news organizations they own. You need to wake up. The giant, along with it's daemon Aladdin, control the majority of money flow on the planet.
Am4TIfIsER0ppos 4y ago
Oh wow it is another instance of "X has investigated X and found that X has done nothing wrong".
- legitster 4y ago
  You can take it with whatever grain of salt you want, but a public asset management firm saying "we don't own any X" is a pretty categorial statement. Like if they are lying here they would have the FTC and client lawsuits crawling all over them.
  - Am4TIfIsER0ppos 4y ago
    Why would the government investigate or punish those who are helping the "own nothing" agenda of the establishment.
blue039 4y ago
[flagged]
- dang 4y ago
  We've banned this account for repeatedly breaking the site guidelines and ignoring our request to stop. That's not allowed here, regardless of how right you are or feel you are. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html. For all I know you're completely right about Blackrock but even if that's true, you still can't abuse other people like this on HN. Moreover, it's not in your interest to, because it discredits the view you're arguing for. See https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sort=byDate&type=comment&query=truth%20discredit%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor... for lots of past explanations about that, if you (or anyone) care.

emptysongglass 4y ago

I don't see how this helps the narrative. You'd expect they would. This is like cigarette companies putting out memos defending cigarettes as less-harmful.

legitster 4y ago
"McDonalds sells cocaine to children!" McDonalds: "No we don't." "Ha! That's just what they would say". The ridiculous thing about this set of accusations is that Blackrock is a passive investment management firm. They don't make any more intentional investment decisions than, like, a typical bank.
- deleted 4y ago
  [deleted]
- blue039 4y ago
  Their ESG score tells me otherwise. They can single handedly destroy a company or industry with this score. They control trillions in investment capital. They have seats in the largest governments. You are either legitimately shilling for your employer or watch/read one of the several DOZEN news organizations they own. You need to wake up. The giant, along with it's daemon Aladdin, control the majority of money flow on the planet.

Am4TIfIsER0ppos 4y ago

Oh wow it is another instance of "X has investigated X and found that X has done nothing wrong".

legitster 4y ago
You can take it with whatever grain of salt you want, but a public asset management firm saying "we don't own any X" is a pretty categorial statement. Like if they are lying here they would have the FTC and client lawsuits crawling all over them.
- Am4TIfIsER0ppos 4y ago
  Why would the government investigate or punish those who are helping the "own nothing" agenda of the establishment.

blue039 4y ago

[flagged]

dang 4y ago
We've banned this account for repeatedly breaking the site guidelines and ignoring our request to stop. That's not allowed here, regardless of how right you are or feel you are. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html. For all I know you're completely right about Blackrock but even if that's true, you still can't abuse other people like this on HN. Moreover, it's not in your interest to, because it discredits the view you're arguing for. See https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sort=byDate&type=comment&query=truth%20discredit%20by:dang https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor... for lots of past explanations about that, if you (or anyone) care.