iShares, every mention
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tap a year for its mentions
every year anyone David Rosenthal 6
Verbatim, from the transcripts: the passages where iShares comes up
Vanguard: The communist capitalist who saved investors a trillion dollars (Audio) · Acquired
- ▶ 2:48:18 David Rosenthal So in 2009, during the depths of the financial crisis, BlackRock made a fantastic acquisition of a business called iShares.
- ▶ 2:48:35 David Rosenthal So Barclays had acquired the pieces from a few different banks and financial firms, but really assembled iShares earlier in the decade.
- ▶ 2:48:45 David Rosenthal And iShares had become
- ▶ 2:48:51 David Rosenthal When Barclays took over the failed Lehman Brothers assets, they needed to raise capital to shore up their capital base, and they had to put iShares up for sale as part of it.
- ▶ 2:49:04 David Rosenthal BlackRock came in and acquired it, and it has been just like a slam dunk, huge, huge win for them.
- ▶ 2:52:11 David Rosenthal In May of 2024, Vanguard made another big CEO announcement that they were bringing on the first outside CEO in the firm's entire 50 year history, Saleem Ramji, from BlackRock, where he was, until that point in time, head of the iShares…