4 ms·

> There's been report a couple of years ago that Blackrock was in cahoot with the french government to privatize part of the pension system during the previous

> There's been report a couple of years ago that Blackrock was in cahoot with the french government to privatize part of the pension system during the previous pension reform plan. I disagree with that frame. "Report" sounds like there was a whistleblower leak or something like this. "Rumors" would be more accurate. IIRC the "it's all Blackrock's plan" theories were all based on the fact that Blackrock consulted on the reform on one occasion. People ran with the idea because "Blackrock" sounds ominous as hell.

0xDEF 4y ago
The US government should probably break up BlackRock. They are an entity so big they will inevitably cause conspiracy theories (and anti-American sentiments) around the world.
- than3 4y ago
  If the politicians were doing their jobs they would limit their power, and ensure antitrust is properly funded while preventing business sector concentration greater than 8%. Its not a 'theory' if they actually do a lot of shady stuff.
skywal_l 4y ago
> I disagree with that frame Let's agree to disagree. Here are the reports: https://www.francetvinfo.fr/economie/emploi/carriere/vie-professionnelle/retraite/on-vous-explique-la-polemique-sur-blackrock-ce-fonds-d-investissement-soupconne-de-vouloir-imposer-la-retraite-par-capitalisation-en-france_3743427.html https://www.francetvinfo.fr/economie/emploi/carriere/vie-pro... https://www.lesechos.fr/finance-marches/gestion-actifs/les-retraites-cest-un-theme-cle-pour-blackrock-1159975 https://www.lesechos.fr/finance-marches/gestion-actifs/les-r... And you can find many others.
- legitster 4y ago
  The only actual connection in both articles was that the Blackrock CEO attended a summits about climate change 4 years ago. And that a Blackrock executive was on a pension planning committee 6 years ago.
legitster 4y ago
> People ran with the idea because "Blackrock" sounds ominous as hell. This frustrates me to no end. Blackrock is probably the second most boring company in the financial space (behind Vanguard). The only reason people are conspiratorial towards Blackrock is because some journalists back in the day confused them with Blackwater and Blackstone.
littlestymaar 4y ago
Not giving the Légion d'honneur to Blackrock's French head in the middle of the previous pension reform would probably help avoiding rumors… He was also member of a commitee set up by the French government in 2018 to “think about the reduction in public spendings”[1]… There's no need for whistleblowers here, all of this was done in public… [1]: https://fr.wikipedia.org/wiki/Comit%C3%A9_action_publique_2022 https://fr.wikipedia.org/wiki/Comit%C3%A9_action_publique_20...

0xDEF 4y ago

The US government should probably break up BlackRock. They are an entity so big they will inevitably cause conspiracy theories (and anti-American sentiments) around the world.

than3 4y ago
If the politicians were doing their jobs they would limit their power, and ensure antitrust is properly funded while preventing business sector concentration greater than 8%. Its not a 'theory' if they actually do a lot of shady stuff.

skywal_l 4y ago

> I disagree with that frame Let's agree to disagree. Here are the reports: https://www.francetvinfo.fr/economie/emploi/carriere/vie-professionnelle/retraite/on-vous-explique-la-polemique-sur-blackrock-ce-fonds-d-investissement-soupconne-de-vouloir-imposer-la-retraite-par-capitalisation-en-france_3743427.html https://www.francetvinfo.fr/economie/emploi/carriere/vie-pro... https://www.lesechos.fr/finance-marches/gestion-actifs/les-retraites-cest-un-theme-cle-pour-blackrock-1159975 https://www.lesechos.fr/finance-marches/gestion-actifs/les-r... And you can find many others.

legitster 4y ago
The only actual connection in both articles was that the Blackrock CEO attended a summits about climate change 4 years ago. And that a Blackrock executive was on a pension planning committee 6 years ago.

legitster 4y ago

> People ran with the idea because "Blackrock" sounds ominous as hell. This frustrates me to no end. Blackrock is probably the second most boring company in the financial space (behind Vanguard). The only reason people are conspiratorial towards Blackrock is because some journalists back in the day confused them with Blackwater and Blackstone.

littlestymaar 4y ago

Not giving the Légion d'honneur to Blackrock's French head in the middle of the previous pension reform would probably help avoiding rumors… He was also member of a commitee set up by the French government in 2018 to “think about the reduction in public spendings”[1]… There's no need for whistleblowers here, all of this was done in public… [1]: https://fr.wikipedia.org/wiki/Comit%C3%A9_action_publique_2022 https://fr.wikipedia.org/wiki/Comit%C3%A9_action_publique_20...