Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund.
Here's what happened:
• Investors in BlackRock's $26B fund asked to pull out 9.3% of their money
• BlackRock said no — capped withdrawals at 5%
• Blackstone's $82B fund saw record withdrawal requests the same week
• Blackstone had to put in $400M of its own cash to cover the exits
Two of the biggest funds on the planet are limiting how much you can take out.
.@MalloryMcMorrow: “2016 gave us 2018. And here in Michigan, that gave us Gretchen Whitmer… Gretchen won on a message of ‘fix the damn roads.’ People want to see people who talk like them, listen to them, and fight for them.”
No question that Trump secured an impressive win in many ways. He did better this time across the board, sweeping the swing states, improving his Electoral College total and winning the popular vote for the first time despite manifest political liabilities.
If Trump were walking down a street I would cross to not see him. He is disgusting. It's shameful what just occured. Americans threw away their birthright. For a demented criminal. It's shameful.
I will be pulling receipts on everyone who thinks they are going to wiggle their way back into the Trump admin.
Accountability matters and I’m going to be delivering it.
And very publicly.
We all have agency. It's a new week. You can propel your vision . Work you plan . It won't be the same but nothing stays the same. Unfold your life under your plan. Don't run don't cower. Don't let corrupt bastards bust your mood. You have one chance to get your life right. Have purpose find joy and enjoy your victory. We've wasted enough time on these dolts already. No more .
My father's brother was killed by fascists in Italy when he was 19 years of age. Trump is fascist as is Putin . This global phenomena will be hard to explain of there is an after life. It's shameful what we just did. Trump has a mission and it's our ruin. Elon want control over chattle. It's not great . I hope those voting for the little bald Nazi and Trump's fascism get everything they deserve. I just would like to sit it out and feed birds in a park. This is going to end terribly. Europe is on its own because America choose it's own ruin.
On this Remembrance Sunday 80 years on from DDay, with the young soldiers of another European nation fighting and dying for their freedom, it’s a good moment to spare a thought for all those who have sacrificed their lives for the benefit of future generations. @britishmemorial
Educated professionals are insulated from many of the problems that Trump voters complained about. And they're isolated from the information ecosystem that Trump voters get their news from.
This is a huge problem for the Democrats.
https://t.co/ZSQrt0Hona
Elon put his entire fortune, and personal safety and freedom on the line to support Trump.
Ackman, Naval, Sacks, and Maguire risked money + personal/professional relationships.
Meanwhile, Beyoncé, Lady Gaga, Lizzo, and Oprah demanded millions in cash to support Kamala.
Churches in the 1960s led protests over injustice. Today churches pander to power, and grift to become power adjacent. It's travesty. Trump has a purpose and it's our ruin. @JustinWelby
@EmmanuelMacron man, I would really really rather sit this out in the SW of France than deal with these moron Magats. When nothing here works and everything they take for granted is gone they will whine again . Please find me a cush safe house overlooking the Med. This place is going to be ruined. We lost to the dumbest cult ever.