A Bad Day at BlackRock: SVB & the Game of Thrones (Patreon)

In the months leading up to the Silicon Valley Bank (SVB) collapse, one of the bank's largest shareholders, the infamous BlackRock Investment, was increasing it's exposure. At one point, BlackRock may have owned over 15% of SVB's stock. They sold off a fair amount in February, but still ended up with nearly 8% on their balance sheet when SVB gave up the ghost.   

It was the latest in a series of failures for Davos' favorite investment firm. While allegedly still possessing nearly $8 trillion in assets, BlackRock had lost almost $2 trillion midway through 2022. BlackRock lost a staggering $1.7 trillion in six months, something no investment firm has ever managed. 

And now, with SVB, the hits continue to mount in 2023. Is BlackRock being subjected to death-by-thousand-cuts via it's competitors? And is it on the verge of one last, desperate, hail merry to take down the Powell Fed. Some seem to think so. Join for for this exclusive breakdown of the current game of thrones unfolding. 

Music by: Keith Allen Dennis

https://keithallendennis.bandcamp.com/