"Bank owns your house they own your ass"
Heads up you should read this with War Pigs by Black Sabbath playing in the background
BlackRock (NYSE: BLK) and JPMorgan (NYSE: JPM) out of the kindness of their hearts are helping set up Ukraine reconstruction bank
BlackRock and JPMorgan are donating their services, although the work will give them an early look at possible investments in the country. The assignment also deepens JPMorgan's relationship with a longstanding client. The bank has helped Ukraine raise more than $25bn in sovereign debt since 2010 and led the country's $20b debt restructuring last year.
(Side note: What is Blackrock? They are providers of investment, advisory and risk management solutions.)
Wait didn't Blackrock drop Russian securities last year?
No need to worry about that they "did" by removing the"R" from BRICs (Brazil Russia India China) to just BICs (Brazil India China) and this ETF is weighted 84% towards China. Major holdings in this ETF are Chinese construction and companies.
Questions to ask and what you should be paying attention to...
- How many shares does Blackrock own in BIC ETF?
- Are they interested in Wheat prices and stock since
- Russia blew up Ukrainian grain silos?
- Will China share some of their gains from BIC ETF that Blackrock and JP Morgan are heavily investing in with its bestie Russia?
Key takeaways - WAR MAKES PEOPLE RICH