It's December 2008. The National Bureau of Economic Research has just announced that the US economy is officially in a recession. Home prices have plummeted. Millions of Main Streeters have lost their jobs. And a handful of Wall Street Firms are poised to thrive.
Does it matter that these are the same companies that helped cause the problem in the first place? Of course not. Because they're going to clean up the mess they made. And along the way, they'll become more profitable and powerful than ever.
Blackrock. Vanguard. State Street. Remember these names. Because they're the most influential companies in the world. And now they're back for more. High gas prices. Inflation. And another potential recession. These companies and their managers are at the core of it all.
We call them the Wall Street Cartel. And they're more intertwined than you'd think. However, that's a topic for another article. Today we want to talk about the largest and most influential...Blackrock.
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