I see the idealists who dream of fascist controls are running many of these investment firms. They then act in ways the individuals who actually own the securities would not. I suspect laws will be needed to restrain their activities. At least it seems that Fink's Blackrock has become more aware of the anger and Vanguard says it is staying clear. I suspect they worry, rightly so, if law must act - Congress can make things worse. I don't see these firms are acting as wise stewards of client's money. I know what is best for me, not them.
I see the idealists who dream of fascist controls are running many of these investment firms. They then act in ways the individuals who actually own the securities would not. I suspect laws will be needed to restrain their activities. At least it seems that Fink's Blackrock has become more aware of the anger and Vanguard says it is staying clear. I suspect they worry, rightly so, if law must act - Congress can make things worse. I don't see these firms are acting as wise stewards of client's money. I know what is best for me, not them.