$175 billion. Keep that incredibly large in mind here forward. What a bunch of crap. Alphabet, which owns google - http://www.nasdaq.com/symbol/goog/institutional-holdings is ~70% held by "institutional owners". These would be.. banks, hedge funds, etc.
SO .. lets take a look at Payday loan companies and those holders which own Google. VANGUARD GROUP INC - Largest owner. http://www.dailykos.com/story/2011/10/16/1026967/
"Fidelity and Vanguard are also among their worst. I haven't targeted them because they aren't really "banks."" = What this means is that Fidelity and Vanguard just take 1 step back, and buy the banks that issue predatory loans. Hands off, but mired to it. This is like a nazi officer just saying he's 'following orders' and not involved in genocide.
Here's anothe fun tidbit on Vanguard: • Vanguard has been scrutinized for financing corporations that operate in war-torn areas such as the Sudan, providing a reliable income source for corrupt governments.
FMR LLC (who? you ask?) Yeah, that's Fidelity. Basically, just another Vanguard.
Wait.. what's this? A class action on Fidelity against a consumer.. for what you say? Predatory lending?
http://fidelity401klawsuit.com/docs/d54.pdf
Moving on ... We're at $25 billion in assets so far, of companies involved in shitty stuff, that all own big chunks of said firm...
STATE STREET CORP Sounds familiar.. I think my parents mentioned them when I was a kid; probably saw an ad on PBS once or twice. Seems innocuous enough... until you learn they just wiped out a shitton of good jobs.. obviously their humanitarian side is showing in this move. They care about the little people, and especially the ones closets to them. You know what you say... keep your friends in the unemployment line, and promote those that fuck the others over. https://www.bostonglobe.com/business/2016/03/29/state-street-official-pegs-staff-reduction-workers/89HmTzw98F6AvUCVyA9A4I/story.html?p1=Article_Recommended_ReadMore_Pos3
Feel free to look more into how a 'good' move is really probably just a shift by the owners trying to spin a good story out of a pile of shit.