Wow - can this really be profit maxing behavior by banks or have they been taken over my other priorities?https://www.wsj.com/articles/blackrock-must-hit-esg-targets-or-pay-more-to-borrow-money-11617769833 …
It could be. It could be a pre-emptive way to discourage politicians from looking too closely at the tax loopholes these firms use to make money.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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I can see why the hedge fund might take the loans, by why would banks set such conditions on their loans?
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Because the value of this $4.4B loan to Blackrock is a pittance relative to their enterprise capitalization and the ability to stay in line from a messaging/narrative for Fink juices the equity as collateral for bank far more than the gain from the actions taken.
End of conversation
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