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Comment by legitster | Hacker News Reader

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-rec...

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.

"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.

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.

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

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.

Why would the government investigate or punish those who are helping the "own nothing" agenda of the establishment.

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