BlackRock Loses 1.7 Trillion Of Investors Money Whoops!

originally posted by: karl 12

maybe it would help if BlackRock stopped destroying all the rainforests.

Vid

Great video thanks Karl 12!
Funny that, could be why they really don't have a great ESG score,
but...could be something even worse than burning the rainforests.

Another do as we say not as we do corporate hypocrite.

a reply to: Xtrozero

They reported retail investors pulled apprx US$10 billion out in the last quarter.

www.bosshunting.com.au...

originally posted by: burntheships
They reported retail investors pulled apprx US$10 billion out in the last quarter.

That's .001% of the total assets under management.

a reply to: AugustusMasonicus

And your point is?

Exactly what?

originally posted by: burntheships
And your point is?

Exactly what?

That it's an inconsequential amount when you manage close to $10trillion.

originally posted by: Ahabstar
But jacking the rent beyond a mortgage payment without any improvement to the rental tends to nuke the market.

It must be true because AOC says so.
truthout.org...

a reply to: AugustusMasonicus

Again, your point is?

Anything else to add?

a reply to: burntheships

What was your point of mentioning that only $10billion was sold? Unless you thought that was a lot for Blackrock.

a reply to: AugustusMasonicus

It is what the company reported. Duh...

Doesn't seem your dialed into the thread context.

originally posted by: burntheships
Doesn't seem your dialed into the thread context.

Funny coming from the person who said they 'lost' $1.7trillion when you just said only $10billion was sold off.

a reply to: burntheships

I've heard they were the only ones buying Chinese Evergrande real estate market, Chinese bonds etc.
WTH is that, Hunter Bidens plan how to steal from Americans for Chinese overlords supplying him with meat and drugs? I thought it was the most ridiculous trade ever. My mind couldnt see inside this master plan.
Let criminals run the country - what could go wrong? Everything is just fine. I'm enjoyng the idiocracy. I wish it could get much worse to see the liberal heads imploding

a reply to: AugustusMasonicus

Aye, your conflating the thread little with one answer, then saying
that = whole equation? Obviously there is more to it than your simplistic
summation. Got an idea, send them a resume see if they hire you.

a reply to: burntheships

those 'causes' for losses are the assets they wanted known & published... the Trillions of phony 'swaps' and ill-conceived derivitives are being 'settled' for pennies .... by the Fed acting as temporary custodian for that 'paper debt'

no-one is ever gonna whistle blow those dealings... accounting with 2 sets-of-books was the sage wisdom advocated back in the 08-09 recession, and is what to acknowledge about this disclosure of losses !

a reply to: PapagiorgioCZ

That was another250m loss for BR.

I'm enjoyng the idiocracy. I wish it could get much worse to see the liberal heads imploding

It will. Someone said "enjoy the show".

a reply to: burntheships

Well 250M is peanuts. It was a speculation. They run it like a hedge fund then

a reply to: St Udio

Exactly, as always. Since BlackRock and JP Morgan, Goldman et
al own parts of each other they can do this and.... we have seen in
that past None of these will go down like BS.

originally posted by: burntheships
Aye, your conflating the thread little with one answer...

There's nothing to conflate, you claimed there was a loss, there isn't. It's a change in valuation.

a reply to: PapagiorgioCZ

It is fairly obvious that Evergrande is in trouble, so the 250M reported by
BR was likely more, just moved pennies on the books to fix that.

The bigger problem with EG will be hitting very soon. Hunter's
Skaneateles LLC is co owned by state controlled Bank of China
- could tie in but since no one over there would be talking I doubt
we would ever know. If there is cash sitting around, look for a seizure.

a reply to: AugustusMasonicus

Yes, this is paper...as if you were not aware.

a reply to: burntheships

I'm not the one is unware:

Reporting in the last 24 hours that they have lost trillions
in the last 6 months.