Blackrock uses welfare and terrorist funds to acquire Blackrock

So the Republican Democrat Regime in power and the regulators and bureaucrats they've appointed think that enabling Blackrock to become the largest wealth manager in the world, with some $2.8 trillion in assets is a good idea.  Here's a few reasons why the Department of Justice or the Supreme Court or anybody else with some power to do something about this merger should stop it in its tracks.

1. $2.8 billion of funding that Larry Fink from Blackrock raised to get this deal done came in large part from sovereign wealth funds which is money that corrupt governments around the world use to enable their ruling elite to lead lives of debauchery while their citizens are oppressed with little individual rights.  I've also argued that sovereign wealth funds are where terrorists get their money.

2. PNC financial also ponied up a big chunk of that $2.8 billion in funding that enabled Fink to get this deal done -- PNC is on welfare in order to make its payroll.  Without taxpayer largesse from the TARP bailouts, PNC would be insolvent.  Why are they risking taxpayer money for their own potential profit in this merger rather than getting the taxpayer his money back RIGHT NOW?

3. And on a similar note, Bank of America has taken in tens of billions of dollars from TARP and then was so insolvent even with that money on their balance sheet that Ken Lewis has had to come begging for more welfare money to keep the company's lights on.  They own nearly 40% of Blackrock and that RIGHT HERE, RIGHT NOW is worth several billion dollars.  I asked when this deal was first announced - shouldn't BofA be forced to sell that piece off and use the proceeds to get the taxpayer her money back RIGHT NOW and not take a chance that Blackrock blows up like it surely will at some point?

4.  By allowing a giant money manager to take over another giant money manager, both of which have been taking over yet other money management firms, are we setting ourselves up for another "too big to fail" scenario?  Isn't this merger akin to allowing Citigroup to buy Travelers and Bank of America to acquire competitors to become what the same Republican Democrat Regime in power eventually declared "too big to fail".

5. Let me repeat -- Blackrock is using taxpayer largesse from PNC financial (money that could be going to pay for teachers, healthcare for children, or foodstamps)  to give to a European bank in order to create a money management firm here that will be too big to fail and result in even less competition and diversification of risk in the economy.

My take? Instead of pretending to do something about the mess this economy and the financial markets themselves are in by creating some "new regulations" -- I ask once again:

1. How about we enforce the laws already on the books designed to protect the system?

2. How about we stop giving welfare funds to the shareholders and managements of banks which would otherwise be insolvent enabling them to risk taxpayer money for their own profit?

3. How about we fire the regulators and vote out the representatives who were in charge of making sure that the banks weren't taking excess risks with our deposits during good times so that the banks and their shareholders and certainly their depositors wouldn't have to beg for taxpayer largesse just to stay in business within the first couple years of what was an inevitable real estate downturn?

4. How about we prosecute managements and executives at Bank of America and Citigroup and AIG and send them to prison for either fraud or gross incompetence since they repeatedly told investors and regulators and customers that they're balance sheets were healthy when they clearly weren't?

5. How about we prosecute anybody who was in the closed door TARP meetings, including Jamie Dimon from JP Morgan, Hank Paulson, Ben Bernanke, Timothy Geithner from the Feds, Lloyd Blankfein from Goldman, and EVERYBODY else there for RICO violations?  For collusion?  They have extorted trillions of dollars from the taxpayer with all these bailout programs for their shareholders and if we actually got our hands on transcripts and documents from their discussions from these bailouts, I guarantee we'd find lots of fraud and collusion to commit such crimes and others.