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posted 2 years ago by BuckeyePatr1ot 2 years ago by BuckeyePatr1ot +41 / -1
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– 2EyesOpen 1 point 2 years ago +3 / -2

In the past, tech companies outspent rivals to have a show on the books that would give them an optical advantage (for more loans of course) that they hoped to claw back eventually or unload on a later buyer of debt.

A little ploy that went unreported by 'Business News' for some strange reason.

Maybe it's because 'Business News' wasn't investigative or news, it was cheerleading bad business practices.

Remember the scrolling ticker tape at the bottom of CNN newscasts when tech stocks took off? I predicted they'd stop just before the crash. Where did they go?

There's nothing like good Business News.

Cue to fake confession rants:

https://www.cnbc.com/video/2017/08/03/watch-the-full-rant-cramers-they-know-nothing.html

One curious question: How would whitehats quietly destroy Blackrock and their co-whores,...... using their own fist in the face?

The top individual shareholders of Nvidia are Jen-Hsun ("Jensen") Huang, Colette M. Kress, and Mark A. Stevens, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc. (BLK), and FMR LLC.

https://en.wikipedia.org/wiki/Jensen_Huang

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▲ 4 ▼
– deleted 4 points 2 years ago +6 / -2
▲ 8 ▼
– iloveturtles 8 points 2 years ago +8 / -0

Blackrock = people's 401ks.

Thanks for pointing this out since no one ever does when they mention Blackrock. However, Blackrock does do most of the voting based on the shares they hold that you own. That does give them immense influence.

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▲ 4 ▼
– deleted 4 points 2 years ago +5 / -1
▲ 3 ▼
– 2EyesOpen 3 points 2 years ago +4 / -1

That argument can be made about all bank loans and stock offerings as well.

401ks and social security funds got locked into private corporations funding while everyone slept in the 90s. What does 'private corporation' mean in this context?

A Gordian knot to unravel. But how to remove the snake from the victim's neck without killing the victim? (private savings, investments, aka the real economy) And then get back to production of things?

Is it possible? Are there alternatives?

The snake has a name. The dread 'F' word both 'sides' toss around but refuse to accept as fact is the mode of operation.

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▲ 5 ▼
– iloveturtles 5 points 2 years ago +5 / -0

Is it possible? Are there alternatives?

One option would be to pass the voting to the 401k holders and not the firms themselves. That would mean you would have the option of logging into your 401k account and proxy voting on a regular basis.
Most people wouldn't do this of course, but it would strip the power from the 401k brokerages if they weren't allowed to vote with your shares.

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