That was quite the bill of particulars that Mark Brnovich and Doug Peterson laid against BlackRock, the world's largest money management firm, back in August.
BlackRock stood accused of subverting the financial interests of its clients, even sacrificing pensioners' retirements to pursue its own agenda. The giant firm was engaged in "squelching political speech" and acting to "penalize" corporate managements that bucked its preferences.
The accusations needed to be taken seriously, if only because Brnovich and Peterson are the attorneys general of Arizona and Nebraska, respectively, and their complaints were endorsed by their counterparts in 17 other red states.
