BlackRock organization
also: black rock, Black Rock
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Related entities (most co-mentioned)
Larry Finkperson · 7Blackstone Grouporganization · 6Stephen A. Schwarzmanperson · 5Vanguard Grouporganization · 42008 financial crisisevent · 3State Street Corporationorganization · 3Citigrouporganization · 2Peter G. Petersonperson · 2Ted Cruzperson · 1HSBCorganization · 1Bank of Americaorganization · 1Timothy Geithnerperson · 1Goldman Sachsorganization · 1Merrill Lynchorganization · 1Elizabeth Warrenperson · 1Strategic and Policy Forumorganization · 1Quelosorganization · 1Fannie Maeorganization · 1Freddie Macorganization · 1CalPERSorganization · 1Stuyvesant Townplace · 1Peter Cooper Villageplace · 1State Department Foreign Affairs Policy Boardorganization · 1Thomas Donilonperson · 1
Claims (14)
Blackstone Group founded
BlackRock host_asserted
“was a company called BlackRock. BlackRock was founded in 1988 as a proposal by Larry Fink. He goes to Peterson and Schwarzman and says, I got this great idea. But let's talk about Larry Fink real quick. Larry Fink's current net worth is abo…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 34:03
Larry Fink founded
BlackRock host_asserted
“was a company called BlackRock. BlackRock was founded in 1988 as a proposal by Larry Fink. He goes to Peterson and Schwarzman and says, I got this great idea. But let's talk about Larry Fink real quick. Larry Fink's current net worth is abo…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 34:03
BlackRock split_off_from
Blackstone Group host_asserted
“because it's different than when you believe in something than when you promote it so you can get rich off of fake news yeah he's a big believer in the great reset that's for sure yes which is actually the whole point of the whole climate s…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 40:49
Blackstone Group sold
BlackRock host_asserted
“Hence, you know, it's funny, Blackstone sold its interest for only $240 million to deal with Schwarzman is always regretted. And this is 1994. BlackRock is now its own entity. And it had grown by 1992 to about $17 billion in assets under ma…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 41:16
BlackRock merged_with
Merrill Lynch host_asserted
“They also merged with Merrill Lynch's investment managers, part of the Merrill Lynch business. And that doubled BlackRock's asset center management. That was 2006. And in 2007, they bought a company called Quelos, which is a Seattle-based h…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 45:19
BlackRock bought
Quelos host_asserted
“They also merged with Merrill Lynch's investment managers, part of the Merrill Lynch business. And that doubled BlackRock's asset center management. That was 2006. And in 2007, they bought a company called Quelos, which is a Seattle-based h…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 45:19
BlackRock invested_in
Stuyvesant Town host_asserted
“So that's how serious I think the SEC is about the credit investor rule. All right. So we've got Mr. Larry Fink, who, of course, invented the credit default swap, which led directly, was one of the founders of the credit default swap. There…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 46:45
BlackRock invested_in
Peter Cooper Village host_asserted
“So that's how serious I think the SEC is about the credit investor rule. All right. So we've got Mr. Larry Fink, who, of course, invented the credit default swap, which led directly, was one of the founders of the credit default swap. There…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 46:45
CalPERS lost_money_to
BlackRock host_asserted
“It's a $5.4 billion deal, and it's the largest real estate deal in history at the time. Of course, this defaulted. All the BlackRock clients lost money, including CalPERS, to the tune of $500 million. The California pension plan? Yeah, lost…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 47:22
BlackRock hired_by
Shearson Lehman Brothers host_asserted
“And Freddie Mac, they all hired BlackRock to help sort out their collateralized mortgage obligation portfolios. These things that have just become toxic waste. They figured the guy who invented it is going to know how to do it. So that's ho…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 48:33
BlackRock hired_by
Fannie Mae host_asserted
“And Freddie Mac, they all hired BlackRock to help sort out their collateralized mortgage obligation portfolios. These things that have just become toxic waste. They figured the guy who invented it is going to know how to do it. So that's ho…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 48:33
BlackRock hired_by
Freddie Mac host_asserted
“And Freddie Mac, they all hired BlackRock to help sort out their collateralized mortgage obligation portfolios. These things that have just become toxic waste. They figured the guy who invented it is going to know how to do it. So that's ho…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 48:33
Federal Reserve used
BlackRock host_asserted
“Former Goldman Sachs alumni Tim Geithner, the Treasury Secretary, consulted with Larry Fink 49 times in the next 18 months. And the Fed had BlackRock help finance the bailouts of AIG, Citibank, and a couple others. And I have that figure. T…”
▶ The Shadow State 41 Secret Societies 24; Blackstone & Blackrock @ 49:04
Thomas Donilon headed
BlackRock documented
“State Department Foreign Affairs Policy Board. Who was the Secretary of State at the time? Hillary Clinton. So Neocon is on her advisory board. Just to hammer home the point that the Neocons and the Neolibs are absolutely joined at the hips…”
▶ The Shadow State 42 Secret Societies 25 WAR PIGS @ 40:25
Mentions (33)
▶ 2:45
group of Skull and Bones was founded. And there's some very interesting founding members. These are some of the blue blood aristocratic original American families. These are deeply Puritan Protestants. You're going to find almost no Roman C…
▶ 1:20:29
He was the founder of ESL Investments. The L is Lambert, but he's also the current chairman of the Sears Holding Company. Last one is a guy by the name of Schwarzman. He's the founder of Blackstone. Black Rock is a spinoff from Blackstone. …
▶ 49:40
That's a big part of how that came about. It was because of the mutual fund reforms of 2003, 2005. This is how BlackRock wields all its muscle on all these boards. This is the guy that did that. Everyone complains about how BlackRock and St…
▶ 9:14
I wonder if it's going to tie into any of our globalist themes. Okay. He is a Bonesman class of 1969. He is known as the chairman and CEO of the Blackstone Group. Oh, yeah, that doesn't tie into anything. No. We're going to go through that …
▶ 19:57
I think we should get into Blackstone. I'll get back to Peterson. I want to talk about Blackstone now and BlackRock. Okay. Someone astutely already put in the chat, and I've been correcting people on for quite some time on X, Blackstone and…
▶ 34:03
was a company called BlackRock. BlackRock was founded in 1988 as a proposal by Larry Fink. He goes to Peterson and Schwarzman and says, I got this great idea. But let's talk about Larry Fink real quick. Larry Fink's current net worth is abo…
▶ 39:21
You just invented the subprime mortgage and basically are the father of the great financial crisis where Blackstone came in and swooped up all the property. Thank you, because I knew you could circle that. Oh, God. That's Larry Fink. Yeah. …
▶ 40:49
because it's different than when you believe in something than when you promote it so you can get rich off of fake news yeah he's a big believer in the great reset that's for sure yes which is actually the whole point of the whole climate s…
▶ 41:16
Hence, you know, it's funny, Blackstone sold its interest for only $240 million to deal with Schwarzman is always regretted. And this is 1994. BlackRock is now its own entity. And it had grown by 1992 to about $17 billion in assets under ma…
▶ 41:46
is was that private so we don't know where that money came from that's the the asset center management is the money they are they are basically managing assets whether it be mostly stocks companies stuff like that um and some real estate ok…
▶ 43:18
So we get to 1999, and BlackRock does this. It goes public. Now, at the time, I'm the licensed financial advisor working for major Wall Street banks. We knew who BlackRock was, but they were like a second-tier player. I had these guys, very…
▶ 43:48
The BlackRock guy had a really tough time getting in the door with us because we're all busy. This is 1999. This is when BlackRock goes public. And they sold 25% of the company to the public for $840 million. And that means the company was …
▶ 45:19
They also merged with Merrill Lynch's investment managers, part of the Merrill Lynch business. And that doubled BlackRock's asset center management. That was 2006. And in 2007, they bought a company called Quelos, which is a Seattle-based h…
▶ 46:45
So that's how serious I think the SEC is about the credit investor rule. All right. So we've got Mr. Larry Fink, who, of course, invented the credit default swap, which led directly, was one of the founders of the credit default swap. There…
▶ 47:22
It's a $5.4 billion deal, and it's the largest real estate deal in history at the time. Of course, this defaulted. All the BlackRock clients lost money, including CalPERS, to the tune of $500 million. The California pension plan? Yeah, lost…
▶ 47:57
I think I'm working for Smith Barney or Citigroup Smith Barney. The great financial crisis hits. And Lehman Brothers collapses. You know how we have all these connections, Lehman Brothers, with these guys? Think they knew Lehman was going t…
▶ 48:33
And Freddie Mac, they all hired BlackRock to help sort out their collateralized mortgage obligation portfolios. These things that have just become toxic waste. They figured the guy who invented it is going to know how to do it. So that's ho…
▶ 49:04
Former Goldman Sachs alumni Tim Geithner, the Treasury Secretary, consulted with Larry Fink 49 times in the next 18 months. And the Fed had BlackRock help finance the bailouts of AIG, Citibank, and a couple others. And I have that figure. T…
▶ 49:39
Basically, it was a great financial crisis that made BlackRock the top of the heap. They went from being a second-rate asset manager to number one because of a great financial crisis and being able to swoop in. They created the mechanism to…
▶ 50:09
And at the heart of this, of course, is one of the founders of Blackstone is a bonesman. And let's just pretend that they're two separate organizations. All right. So then BlackRock, well, how do you stay at the top of the heap? You get pol…
▶ 50:44
You know, are you being environmentally friendly? Are you following this green agenda? If you get a good score, you can raise money from Wall Street. If you get a bad score, you can't get a good score. You can get more contracts. You get a …
▶ 51:45
Because, quote unquote, BlackRock owns all the share. They're the majority shareholder, BlackRock and Vanguard, of just about every publicly traded company. We'll get to that in a second because that's only partially true. But they put thei…
▶ 52:15
We got some pushback on it. This is a big success story. We had over 19 state attorney generals have sent letters to Fink about this stuff. We've had states like Louisiana, South Carolina, and Arkansas say, if you are doing this ESG investi…
▶ 53:17
BlackRock is now backed off on all their ESG push as of about two years ago. Because they got caught. Yeah, we caught them. But don't think ESG has gone away. It'll be back and they'll relabel it. They still have their people on the boards …
▶ 53:48
All right, so let's talk about the myth of BlackRock owns all of every company. The answer is yes or no. If you go to any publicly traded company on Yahoo Finance, you look up their top 10 institutional holders, the top two or three on almo…
▶ 56:27
Elizabeth Warren has pushed back on this thing because she's basically anti-big corporation, apparently. Ted Cruz has started legislation to impact this. But this is something that we need more state attorney generals to get involved in. An…
▶ 56:57
And it's a legislative thing. And our Congress knows about this and needs to do it. Fair enough? I think that's fair. But I also think that the states have the power to do it as well. Well, that's interesting because the SEC actually is the…
▶ 58:04
All right. So let's go back to Mr. Peterson. But the takeaway for everybody is Blackstone and BlackRock are not the same. Nope, but they sure know each other. Yes. But Blackstone's the one that owns the real estate. BlackRock is the asset m…
▶ 40:25
State Department Foreign Affairs Policy Board. Who was the Secretary of State at the time? Hillary Clinton. So Neocon is on her advisory board. Just to hammer home the point that the Neocons and the Neolibs are absolutely joined at the hips…
▶ 1:07:58
100% correct. I could not have said that better myself. Thank you, sir. You want to wrap up with the top financial players behind us and G fans. You're going to hear some familiar names. BlackRock, Citibank, my former employer, Bank of Amer…
▶ 1:09:58
There's enough pushback that we've won this time. This is not going forward. It is getting cobwebs. It's been mothballed for now. And, of course, it'll do like they did when you saw Larry Fink at BlackRock come out about environmental socia…
▶ 1:10:29
People talk about all the time how BlackRock, State Street, and Vanguard own like 20% of all publicly traded companies. Well, that's technically not true. They vote the shares of the beneficial owners of the funds that they manage. That's c…
▶ 1:35:33
Third world countries, borrowers from the US, from the United States, IMF, World Bank. And they were a way for third world countries to finance themselves with the auspices of US backing. This replaced the Baker plan with middling success. …