BlackRock, founded in 1988, has grown to become one of the most powerful financial institutions by managing trillions of dollars for pension funds, teachers, police officers, and millions of ordinary people, while also developing Aladdin software used by banks for financial risk analysis, owning shares in major companies across energy, finance, transportation, and real estate, and advising governments during financial crises, creating potential conflicts of interest when the company simultaneously advises institutions and holds investments in them.
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Does really Blackrock control the world Finance ? #moneyAdded:
Most people have never heard of BlackRock, but it became one of the most powerful companies in the financial world. Founded in 1988, it now manages trillions of dollars belonging to pension funds, teachers, police officers, and millions [music] of ordinary people.
But that is only the beginning.
BlackRock also built Aladdin, [music] software used by banks and major institutions to analyze financial risk.
At the same time, BlackRock owns shares in huge companies [music] across energy, finance, transportation, and real estate.
And sometimes >> [music] >> governments hire BlackRock to advise them during financial crises.
While BlackRock is also invested in those same banks, meaning [music] the company can end up sitting on both sides of the table, and most people never even notice.
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