Quote:
In Fink We Trust: BlackRock Is Now ‘Fourth Branch of Government’
...
“They are so intertwined in the market and government that it’s a really interesting tangle of conflicts,”
says Steele, who formerly worked at the Federal Reserve Bank of San Francisco.
“In the advocacy community there’s an opinion that asset managers, and this one in particular, need greater oversight.”
Already there are growing worries about the power of BlackRock, Vanguard Group Inc.,
and State Street, often called the Big Three because they hold about 80% of all indexed money.
...
There is probably an interesting discussion to have about what
Quote:
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.
Maybe do we need an update.