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Started By
Message
re: BlackRock is in major trouble
Posted on 2/26/26 at 8:33 pm to Ailsa
Posted on 2/26/26 at 8:33 pm to Ailsa
quote:
Gotta love these AI written posts. The Big Three - Vanguard, BlackRock, and State Street - have $15-20 TRILLION in assets under management. There is no world where a $30 million dollar fine could even be considered a punishment, let alone a “reckoning”. To put it in perspective, if you made $150,000 a year, the equivalent fine would be about $1
0
Posted on 2/26/26 at 8:45 pm to lake chuck fan
quote:
but a nothing burger to their balance sheets.
uhhhh, they admitted guilt. They are paying a fine for said admission. And they have agreed to end the practices.
If they are caught doing it again, the punitive damages will be staggering
Posted on 2/26/26 at 9:02 pm to Average_Comments
quote:
Coal was already dead...
One of the best performing stocks in my portfolio is a company that has burned coal for a living for 100 years, and still does. Creating electricity by burning rocks is very profitable, and will be for a long time. The only interference is government, or in this case, an illegal cabal of brokerage houses.
Posted on 2/26/26 at 10:06 pm to lake chuck fan
quote:
Ni*** please! Blackrock has both sides of Congress bought and paid for.....
ANYTHING they are penalized or have to pay will be a fortune to you or me....., but a nothing burger to their balance sheets.
They are very heavily invested in China and will never ever get that money back. That is more exposure than to law suits
Posted on 2/27/26 at 3:25 am to GhostOfFreedom
quote:
I wonder what theirs and others connection to Jane Street is. That is the current HUGE thing breaking X.
Huge on X is putting it mildly…
quote:
The trading firm Wall Street calls untouchable is now fighting a lawsuit that could rewrite the history of the $40 billion Terra-Luna implosion.
Jane Street Group LLC was sued on February 23 by Todd R. Snyder, the bankruptcy court-appointed administrator winding down Terraform Labs, the firm whose collapse in 2022 roiled crypto markets and contributed to the downfall of FTX.
The complaint, filed in a Manhattan federal court, accuses one of the world’s most profitable trading firms of using stolen information to walk away clean while retail investors lost everything. Claims invoke the Commodity Exchange Act, Securities Exchange Act, fraud, and unjust enrichment. Snyder seeks damages, disgorgement, interest, and a jury trial in the U.S. District Court for the Southern District of New York (Case No. 1:26-cv-1504)
¥The 10-Minute Window That Changed Everything¥
According to a Wall Street Journal exclusive, the complaint details a damning sequence. On May 7, 2022, Terraform Labs withdrew 150 million TerraUSD from the Curve3pool without any public announcement. Within 10 minutes, a wallet allegedly linked to Jane Street withdrew an additional 85 million TerraUSD from the same pool. That single move, characterized in the lawsuit as Jane Street’s largest-ever single swap, is described as a turning point in the market’s confidence in TerraUSD.
The lawsuit claims this triggered the market panic that sent TerraUSD spiraling off its dollar peg, ultimately erasing $40 billion in value. The timing is hard to explain away. Ten minutes is not a coincidence. It is a trade
¥The Back-Channel That Leaked It All¥
Jane Street’s relationship with Terraform dates back to 2018, when the firm was brought on as a liquidity and market-making partner. Activity on the account reportedly surged in 2022, after Bryce Pratt, a former Terraform intern, reconnected with his old colleagues at the company. Pratt is accused of creating a private communication channel with Terraform’s business development lead, described in the complaint as a “back-channel source for material non-public information.”
On May 9, Pratt sent a group message to Do Kwon and Terraform staff, floating offers to buy Bitcoin or Luna. It reads less like a rescue offer and more like a firm positioning itself while holding all the information.
The lawsuit also names Jane Street co-founder Robert Granieri and employee Michael Huang alongside Pratt as defendants.
Disruption Bank - Jane Street Accused of Rigging the Market in Crypto’s Most Destructive Collapse
This post was edited on 2/27/26 at 3:34 am
Posted on 2/27/26 at 5:59 am to Average_Comments
Coal plants are dead. Big coal was shipping out to China and developing areas.
Posted on 2/27/26 at 6:08 am to Ailsa
I think they have more money than anyone.
They’ll finally get arrested on the 20th anniversary of their deaths.
They’ll finally get arrested on the 20th anniversary of their deaths.
Posted on 2/27/26 at 6:10 am to RemouladeSawce
Nothing will ever happen to Blackrock, youwatch.....it will fade and just go away.
Posted on 2/27/26 at 6:24 am to Ailsa
Doesn't matter, the higher-ups are protected by Directive 4, can't arrest senior officers
Posted on 2/27/26 at 6:41 am to Ailsa
30 MILLION is a drop in the bucket for those faagz at BlackCock.
Posted on 2/27/26 at 6:44 am to Average_Comments
quote:
Coal was already dead...
Posted on 2/27/26 at 8:39 am to Ailsa
quote:
Vanguard just cracked—$29.5M settlement with Texas AG Paxton & red states.
quote:
Louisiana and other states nearly $30 million in connection with alleged market manipulation of the coal industry.
According to the AG's office, Louisiana was one of 14 states to file suit against Vanguard and other investment firms, BlackRock and State Street, in 2024.
A little more than $2MM per state. That's nothing.
quote:It looks like they are expecting Vanguard to help in the cases against the other two. But with 14 states BlackRock and State Street will just settle and then go on about their day like nothing happened.
So far, a $29.5 million settlement has only been reached with Vanguard, the AG's office noted, with part of the settlement involving cooperation in discovery efforts as the cases against BlackRock and State Street continue.
Posted on 2/27/26 at 8:41 am to Ailsa
quote:
$29.5M settlement with Texas AG Paxton & red states
That is pocket change to them so not the seismic shift that tweet is implying
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