Blackrock and the $15 trillion fund industry should be broken up, antimonopoly group says

Break up the monopolies.

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BlackRock, Vanguard and State Street manage a stunning $15 trillion in combined assets, equivalent to more than three-quarters the size of the US economy.

The rapid growth of the Big Three fund managers, driven in part by rise of dirt-cheap ETFs, gives them enormous sway over financial markets and the priorities of Corporate America.

Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group that launched in February taking aim at what it sees as excessive corporate power.

This is one of the key financial components of the Great Reset - the three Wall Street Robber Barons - Blackrock, Vanguard and State Street. Break them up by arresting Larry Fink and his cohorts for crimes against humanity.

This is one of the key financial components of the Great Reset - the three Wall Street Robber Barons - Blackrock, Vanguard and State Street. Break them up by arresting Larry Fink and his cohorts for crimes against humanity.