livingston
20×102mm Vulcan
Political Picture thread. (humor/memes/etc)
- Thread starter GOPerfect
- Start date
livingston
20×102mm Vulcan
We need the garbage trucks from soylent green for a pickup.....
livingston
20×102mm Vulcan
livingston
20×102mm Vulcan
livingston
20×102mm Vulcan
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
C3D
.338 Win Mag
That's just patently not true. RFK Jr. never said that. As an aside, the actual numbers are BlackRock owns 9% of IBP Tyson, 2% of JBS, and 0% of Cargill, and 0% of National Beef (Marfrig).
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
Steal2B
.700 Nitro Express
C3D
.338 Win Mag
Well I guess I shouldn't be shocked he actually said that, but it's crazy because it's just not true.
For example, Tyson is controlled by a family partnership. BlackRock's acutal ownership:
The reason it is an 8.78% fund shareholder is because Tyson is in a bunch of indexes like the S&P 500, so index funds ETFs need tons of it.
Steal2B
.700 Nitro Express
So, RFK did say this (as opposed to never).
AND RFK still has a valid point in that BLACKROCK
controls over 25 million shares of Tyson AND
Controls 1.8 Billion Reais (over a third of a Billion in US dollars) of JBS Foods
AND
Controls 24 Million shares of Marfig Foods
That's 3 out of the 4 largest
AND RFK still has a valid point in that BLACKROCK
controls over 25 million shares of Tyson AND
Controls 1.8 Billion Reais (over a third of a Billion in US dollars) of JBS Foods
AND
Controls 24 Million shares of Marfig Foods
That's 3 out of the 4 largest
Steal2B
.700 Nitro Express
C3D
.338 Win Mag
I have acknowledged I was wrong and RFK Jr. was stupid enough to say that.
But as I posted above the BlackRock stakes in all 3 of those packers amount to (1) insignificant percentages in Marfrig and JBS and (2) although a larger stake in Tyson, that is a non-influential stake as control of Tyson is through a special class of voting shares owned by the Tyson family. So BlackRock has zero control over any of those companies regardless of the $$$ amount of shares owned. In fact as to Tyson BlackRock has filed SEC paperwork which would make it a crime for BlackRock to try and influence control of Tyson.
Considering that BlackRock has $14 trillion in assets under management, it's not surprising to find the own between 2-9% of any publicly listed company in America.
The point being it's stupid or even reckless for RFK Jr. to point at BlackRock as being the bad guy responsible for beef price increases, they are not the boogeyman here. That's the kind of crap the Biden administration liked to say to deflect from much more difficult but equally real issues.
Maybe I need to brush up on my Calvin Coolidge history. I always remember him being a bad president, but reading that quote makes me think otherwise.
If factual, interesting enough that would have been said proceeding FDRs new deal and that bloated gov control and influence over every day America so it's curious to say the least.
It has me thinking and I may need to revisit this to better appreciate it now.
dwa12479
.338 Win Mag
Not to be Debbie Downer but Trump was never involved with Tower Airlines.
C3D
.338 Win Mag
