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BlackRock: The Devil's Banker. Do as I say, not as I do.

BlackRock: The Devil's Banker. Do as I say, not as I do.

Update: 2022-09-17
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Description

Larry Fink is one of the most influential people on the planet. His firm BlackRock mints money. Billions of dollars a year. Their risk management platform handles more than $10 trillion a year. He helped guide the country out of the financial crisis in 2009 and positioned his company to grow unfettered by the very regulatory authorities he advised at the time. He’s by all accounts funny, affable, competitive and compassionate. BlackRock is at the center of a storm in conservative media for pushing companies too hard toward sustainability. That he’s too “woke.” Liberals think he’s behind the housing crisis. Conspiracy theorists believe he’s in the pocket of the Chinese government. The real story of BlackRock is bigger, more mundane and just as terrifying. 


Visit the episode's accompanying site page.


Chapters


BlackRock Disclaimer: 00:00:05


Intro: 00:02:24


Chapter One: Bank or no bank? You decide. 00:05:31


Chapter Two: Birth of a giant. 00:13:12


Chapter Three: Just how big is BlackRock? 00:24:20


Chapter Four: The ESG Hullabaloo. 00:31:46


Chapter Five: Bring it home, Max. 00:40:11


Post Show Musings: 00:50:48


Outro: 01:09:20


Resources


Vanity Fair: Larry Fink’s $12 Trillion Shadow


BlackRock: 2021 Annual Report


Policy Tensor: Seeing Like BlackRock


Insider: Here are 9 fascinating facts to know about BlackRock, the world’s largest asset manager


Bloomberg: Biden Ties to BlackRock Deepen With Latest Treasury Hire


Wall Street Journal: One Firm Getting What It Wants in Washington: BlackRock


OpenSecrets: BlackRock Inc


Office of Financial Research: Asset Management and Financial Stability, September 2013


Bloomberg: In Fink We Trust: BlackRock Is Now ‘Fourth Branch of Government’


BlackRock: Sustainable investing at BlackRock


Banking On Climate Change: The Worst Banks Since the Paris Agreement


The Bureau of Investigative Journalism: BlackRock Tells Oil Regulator: Ignore Our CEO’s Climate Pledges


Florida State Board of Administration: August 23, 2022 Meeting


Politico: Wall Street opens its checkbook for Ron DeSantis


Sierra Club: Maine becomes the first state to pass law to divest from fossil fuels


Morgan Stanley Institute For Sustainable Investing: Sustainable Reality


BlackRock: BlackRock and housing: Setting the record straight


The Atlantic: BlackRock Is Not Ruining the U.S. Housing Market


Securities and Exchange Commission: Sallie Mae Proxy Statement


Pensions & Investments: Nestle moves pension assets to BlackRock as it reorganizes internal management unit


CNN Business: Nestle SA


Investopedia: The Top 5 British Petroleum (BP) Shareholders


CNN Business: Walmart Inc


Fintel: BlackRock Inc. ownership in MCD / Mcdonald's Corp


Bloomberg Markets and Finance: BlackRock CEO Larry Fink on Inflation, ESG Investing


UNFTR Episode Resources


Student Debt.


The Problem with Conscious Capitalism.


Book Love


David Carey and John E. Morris: King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone


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Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written by BlackRock. Or is it Blackstone? And hosted by Blackstone. Or is it BlackRock?


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BlackRock: The Devil's Banker. Do as I say, not as I do.

BlackRock: The Devil's Banker. Do as I say, not as I do.

UNFTR Media