Current Events > BlackRock, State Street, and Vanguard all getting sued by the Republicans

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Haejin
11/27/24 3:37:27 PM
#1:


Are Republicans looking out for the common man by going after these mega hedge fund companies?

https://x.com/unusual_whales/status/1861825113664135300?s=46&t=pGlQy9QzYotcsUa1DNrknw

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DrizztLink
11/27/24 3:38:35 PM
#2:


You're possibly the single most credulous person on this board.

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Tyranthraxus
11/27/24 3:38:45 PM
#3:


Vanguard is who does my 401(k)

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#4
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Lonestar2000
11/27/24 3:50:29 PM
#5:


ScazarMeltex posted...
If they are doing it it's because these companies either refused to donate to their candidates, or fucked over some company a bunch of the have stock in. The GOP does literally nothing because it's the right thing to do.

Hell they could be doing it intentionally just to tank people's 401k.
They are suing them because they are trying to reduce carbon emissions.

BREAKING: Texas and 10 other Republican-led states are suing BlackRock, State Street and Vanguard, alleging that they conspired to curtail coal supplies to further a destructive, politicised environmental agenda.

The federal antitrust lawsuit accuses the three largest US index fund managers of using their holdings in the coal producers to constrict supplies and drive up prices in pursuit of net zero carbon emissions goals.

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EPR-radar
11/27/24 3:51:54 PM
#6:


This is literally mustache-twirling villain level shit from Republicans.

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Jiek_Fafn
11/27/24 3:53:57 PM
#7:


I never could even imagine a world where BlackRock is the good guy, but here we are

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Starks
11/27/24 3:54:34 PM
#8:


Tyranthraxus posted...
Vanguard is who does my 401(k)
And State Street does a lot of 401k funds.

This topic is really way off base.

Republicans want to kill ESG funds. Anything that improves corporate governance or sustainability is anathema to them.

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CADE_FOSTER
11/27/24 3:56:10 PM
#9:


Republicans really want America to be so polluted we won't have clean air or water
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BloodyBenten
11/27/24 3:57:29 PM
#10:


Blackrock, State Street, and Vanguard are not hedge funds.
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HighSeraph
11/27/24 3:58:55 PM
#11:


People who politicized environmentalism sue companies for politicizing environmentalism

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Starks
11/27/24 4:12:22 PM
#12:


BloodyBenten posted...
Blackrock, State Street, and Vanguard are not hedge funds.
Blackrock does have hedge funds and alternative investments in their portfolio. State Street is starting to venture into that space.

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ItsChristian
11/27/24 4:18:57 PM
#13:


Gonna be honest, this could backfire hilariously. One group of evil attacking another group of evil.
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KStateKing17
11/27/24 4:21:26 PM
#14:


I have 401k through two of them.

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ai123
11/27/24 4:23:22 PM
#15:


They're looking after the fossil fuel companies, of course.


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JuanCarlos1
11/27/24 4:26:25 PM
#16:


So theyre suing the biggest hedge funds over their investments on renewables and not their homes portfolio?

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GrandConjuraton
11/27/24 4:28:38 PM
#17:


HighSeraph posted...
People who politicized environmentalism sue companies for politicizing environmentalism


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Scardude
11/27/24 4:51:50 PM
#18:


Let them fight?

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creativerealms
11/27/24 5:00:48 PM
#19:


Of course they are going after these evil companies for the wrong reasons. Even when republicans doing something right, they do it wrong.

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creativerealms
11/27/24 5:01:42 PM
#20:


Jiek_Fafn posted...
I never could even imagine a world where BlackRock is the good guy, but here we are
They are a woke boogieman in the eyes of the right.

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Starks
11/27/24 6:02:50 PM
#21:


My best clients are hedge funds and private equity.

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xlr_big-coop
11/27/24 6:08:30 PM
#22:


Scardude posted...
Let them fight?


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jefffan
11/27/24 6:10:19 PM
#23:


Jiek_Fafn posted...
I never could even imagine a world where BlackRock is the good guy, but here we are
Same with UMG and the Aubrey lawsuit

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