DO A SEARCH FOR LARRY FINK, BARACK OBAMA, JOE BIDEN AND BRIAN DEESE AND GEN MOTORS!
Biden, long known as Delaware’s “senator from DuPont,” Biden served on committees that were most sensitive to the interests of the ruling class, including the Judiciary Committee and the Foreign Relations Committee. He supported the repeal of the Glass-Steagall Act in 1999, a milestone in the deregulation of the banks, and other right-wing measures. After nearly four decades in the Senate, Biden became Obama’s vice president, helping to oversee the massive bailout of Wall Street following the 2008 financial crisis and the subsequent restructuring of class relations to benefit the rich. That included the bailout of General Motors and Chrysler, based on a 50 percent cut in the pay of all newly hired autoworkers.
Carney: BlackRock’s DEI Push Is ‘Chinese Social Credit System Applied at the Corporate Level’
The diversity, equity, and inclusion (DEI) agenda pushed by the world’s largest asset management firm BlackRock is an example of “the Chinese social credit system applied at the corporate level to America,” Breitbart Economics Editor John Carney said in a Monday interview on Fox Business Network’s “The Bottom Line.”
Carney was asked to comment on remarks that BlackRock CEO Larry Fink made in 2017 about his firm’s efforts to “force change.” The video of Fink’s remarks, which were given at a New York Times DealBook conference, went viral on Monday when Ohio Sen. J.D. Vance (R) tweeted it and denounced BlackRock’s behavior as “illegal and immoral.”
In the 2017 video, Fink states, “Well, behaviors are going to have to change, and this is one thing we’re asking companies. You have to force behaviors. And at BlackRock, we are forcing behaviors.”
“What we’re doing internally is if you don’t achieve these levels of impact, your compensation could be impacted,” Fink continued. “And so, it’s just you have to force behaviors. And if you don’t force behaviors—whether it’s gender or race, or just any way you want to say the composition of your team—you’re going to be impacted.”
“We’re going to have to force change,” Fink concluded in the video.
Carney reported that BlackRock is trying to backpedal from Fink’s 2017 comments after being called out by Vance.
“Black Rock is actually trying to backpedal this,” Carney said. “They’re saying this is very old. This is how we were thinking of things in 2017. We don’t really want to do it. But they do”
“This is the Chinese social credit system applied at the corporate level to America,” Carney explained. “Corporate CEOs feel under pressure to adopt the right environmental, the right social, the right diversity, equity, and inclusion policies, all because one of the biggest investors in the whole world has sent the message to them that this is what they care about.”
Brian Brenberg, guest-hosting for “Bottom Line” host Sean Duffy, noted that DEI and ESG (environmental, social, and governance) initiatives are a way for woke activists to enact their unpopular agenda by bypassing the democratic process.
“This stuff would never pass if legislators had to vote on it,” Brenberg said. “So, corporations carry the water or the government bureaucracy does it behind the scenes through regulation. But either way, it happens to people without them ever getting a chance to raise their hand and say, hey, we don’t want this.”
“And the people whose money BlackRock is investing also haven’t said that’s what they want,” Carney noted. “And that’s one of the reasons BlackRock has tried more recently to walk this back — because they realized that they had gotten way out to the left of the American people, and they need the American people. That’s why they’re the biggest asset manager — because they’re running people’s retirement funds. If people say, ‘Wait a minute, I don’t want you pushing this far-left agenda on America, give me my money back’ that will put the company in trouble. So, they’re trying to run away from this.”
Fox Business host Dagen McDowell commented on the apparent hypocrisy of a white man like Larry Fink, who runs the most powerful asset management firm in the world, talking about “forcing” diversity.
“Why haven’t you stepped aside, Lar, if you’re going to force this — what is it environmental, social, and corporate governance — if you’re going to force it on people?” she quipped.
Carney noted that BlackRock is quite serious about keeping a scorecard of every other company’s DEI and ESG compliance and presumably applying consequences for companies that BlackRock deems insufficiently woke.
“They’re also really into what he said [about] scorecards,” Carney said. “So, what they’re doing is they’re actually keeping very careful track. How well have you done in pushing an environmental agenda? How well have you done in pushing the DEI agenda? And if you don’t have a high enough score, you could suffer in terms of what their investments could be.”
Brenberg then asked Carney to comment on corporate celebrations of Pride Month, noting that a number of large companies have added pride flags to their U.S. Twitter accounts but not to their accounts in the Middle East, despite the human rights abuses suffered by LGBTQ people in the region.
“Is this a principle issue? Or is this just a money thing?” Brenberg asked.
“I’ll tell you what the principle is. The principle is to kiss the butt of the regime in charge,” Carney replied. “So, right now in America, BlackRock and others and all of these woke corporations look at the regime in charge as the far left. When they are going to Saudi Arabia, they say we’re going to obey the sheiks. In America, they obey the wokes.”
“That’s the system here. It’s not even hypocrisy. It’s one rule. It’s obey the powerful, and that’s what these people are doing,” he concluded.
Rebecca Mansour is Senior Editor-at-Large for Breitbart News. Follow her on Twitter at @RAMansour.
J.D. Vance: BlackRock ‘Engaged in Illegal, Immoral Conduct’
Sen. J.D. Vance (R-OH) said on Monday that BlackRock, the world’s largest asset manager, should be “dealt with accordingly” for engaging “in illegal and immoral conduct.”
“There are two schools of thought within the GOP on Blackrock. The old guard thinks they’re creating value and need to be rewarded with tax cuts. I think they’re destroying value and are engaged in illegal and immoral conduct. They need to be dealt with accordingly,” Vance wrote.
The Ohio senator responded to Twitter users sharing a video of BlackRock CEO Larry Fink saying at the 2017 New York Times DealBook conference that the financial giant is “forcing behaviors” to boost diversity. The video recently has gone viral.
“You have to force behaviors,” Fink said. “If you don’t force behaviors such as gender or race or just anyway you want to, say, the composition of your team, you’re going to be impacted,” Fink remarked.
“We’re going to have to force change,” Fink said.
A BlackRock spokesperson defended Fink’s statements, saying:
This nearly six-year-old clip misconstruing Larry’s words about BlackRock’s own approach to its employees has been circulating for years on social media and is often taken out of context. As a fiduciary, BlackRock’s actions serve one purpose: maximizing long-term financial value for our clients. As an employer, BlackRock seeks to hire employees from a wide range of backgrounds and perspectives because we believe this diversity is critical to delivering for our clients in a rapidly changing world.
The spokesperson did not specifically address “forcing behaviors” nor how that delivers “long-term financial value.”
BlackRock and other large asset managers have led the Environmental, Social, and Governance (ESG) movement, which has pressured companies to adopt leftist positions, such as diversity requirements and climate change positions, they otherwise would not back.
Breitbart News has cataloged just a few of the ways that BlackRock has leveraged proxy voting, using their significant stakes in publicly-listed companies to back these leftist positions:
- In April 2021, BlackRock, which owns 7.5 percent of Abbott Labs, pushed the company to publish a report to disclose the company’s plan to promote racial justice. BlackRock pushed for the move against the wishes of Abbott’s leadership.
- In a comment about its vote for the proposal, BlackRock commented, “We recognize the Company’s efforts to date, but believe that supporting the proposal may accelerate company’s progress on material social issues.”
- In May 2021, BlackRock urged United Parcel Services (UPS), of which Blackrock owns 7.3 percent, to issue a report on how the company plans to reduce emissions in alignment with the Paris Agreement’s goal of holding “the increase in the global average temperature to well below 2°C above pre-industrial levels” and making “efforts to limit the temperature increase to 1.5°C above pre-industrial levels.”
- BlackRock voted for this proposal, commenting, “We are supportive of the company’s efforts to date with respect to this material climate issue but believe that voting in favor may accelerate the company’s progress.”
- In May 2022, Blackrock, which owns 6.8 percent of Home Depot, pushed the company to adopt a shareholder proposal to “oversee an independent racial equity audit analyzing Home Depot’s adverse impacts on nonwhite stakeholders and communities of color. Input from civil rights organizations, employees, and customers should be considered in determining the specific matters to be analyzed.”
- BlackRock commented, “We believe it is in the best interests of shareholders to have access to greater disclosure on this issue.”
Vance has told Breitbart News ESG policies are a “massive racket to enrich Wall Street.”
RELATED — WATCH: Cotton Says ESG Movement Benefits China, China ‘Probably’ Funds It Like Russia Funded Anti-Fracking Push:
Sean Moran is a policy reporter for Breitbart News. Follow him on Twitter @SeanMoran3.
Deese Proclaims Dependence Day
National Economic Council boss confirms the colonization of America.
BlackRock is the stomping ground of Obama national security advisor Tom Donilon, who worked in the Carter White House, on the campaign of Walter Mondale, and advised Joe Biden on his first presidential run in 1988. In 2012, it was Donilon who helped Joe Biden “get China.”
American Corporate Community and its major players — BlackRock, Goldman Sachs, Bridgewater, Google, Microsoft, Intel, Twitter, and Musk — and, of course, Gates — that draws them to a plutocracy that would never hesitate to betray America for a financial advantage or an opportunity to be a part of a global powerhouse oligarchy complicit with and colluding with malefactor government tyrannies. (avarice, cupidity, and rapaciousness) JOHN DALE DUNN John Dale Dunn
And that is the case here. The eAs the Times article notes, while practically all of Wall Street benefited from the Fed’s intervention, and other financial firms were “consulted” apart from Blackrock “no other company was as front and center.”
Economic arms of the capitalist state are not some independent authority but function every day in the interests of the corporate and financial oligarchy, servicing its needs and interests above all else.
BANKSTER BLACKROCK IS JOE BIDEN'S BIGGEST PAYMASTER AND OPERATES ITS INTERESTS OUT OF THE BIDEN WHITE HOUSE UNDER GAMER LAWYER BRIAN DEESE, A FORMER BLACKROCK EMPLOYEE,
World’s largest asset management firm was “front and center” of Fed’s Wall Street bailout
The close collaboration between the US Treasury, the Federal Reserve and the multi-billion dollar asset management firm Blackrock in devising the March 2020 rescue operation for Wall Street has been revealed in an article published in the New York Times yesterday.
According to the article, Larry Fink, the CEO of Blackrock, the world’s biggest asset management firm, was “in frequent touch” with US Treasury Secretary Steven Mnuchin and Fed chair Jerome Powell “in the days before and after many of the Fed’s emergency programs were announced in late March.”
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