This graphic (linked by the title) was censored in r/Brussels. The moderator alleges that wrongdoing of Argenta bank is irrelevant to r/Brussels. It’s a bogus claim because Argenta has several branches in Brussels. This moderator has a history of generally opposing activism, yet fails to create a rule against politics or activism. So he’s enforcing rules that do not exist to control the dialog and bias the narrative to fit into his world views.

In that thread, a number of posts were removed, all civil and answering questions.

In response to this post, I wrote:

I assume the source you’re after is the Argenta-JPM ties. It’s in the fine print of their pension plans, and also here:

https://www.argenta.be/content/dam/argenta/documenten/beleggen/fondsen/arvestar/Subcustodians overzicht.pdf

Argenta does not give pensioners a choice of investments. Opening a pension account at Argenta automatically entails opening it at JP Morgan with no way to opt-out. Investors should be informed where their money goes.

If you need a source on any other relationship in the chart let me know. It’s all easy to find public info.

In response to this post, I wrote:

The chart is my own original work. This thread is the first publication of it. So far it’s the sole publication of it. I created that after reading these articles:

I already knew some of the data so let me know if you need a source for anything specifically not covered by those articles and i’ll dig it up.

In response to this post, I wrote:

Argenta has several branches in Brussels.

In response to this post, I wrote:

You mean, how JP Morgan contributes to family separation?

I mean Argenta Bank contributes to family separation by way of all entities in the supply chain, including JP Morgan.

Most banks have services that are dependent on JP Morgan directly for example for cross border payment) or for example with settlement of financial products.

Apart from the bandwagon fallacy (one bank’s evil justifies another), most banks give investors an election on where to direct funding. Argenta does not. Argenta’s CEO has JP Morgan ties and Argenta also buries JPMs involvement in fine print that only the most diligent pensioners bother to read.

It’s also unclear why you would consider Argenta’s voluntary participation in JP Morgan investments somehow justified by JP Morgan’s SWIFT membership for cross-border payments. There are 6 US banks capable of IBAN transfers, and it’s the recipients of those transfers who control that. Of course it makes no sense to hold banks accountable for transactions outside of their control.


All of the replies above were censored by u/octave1. I believe they were civil and relatively unemotional.

  • @dirtfindrOPM
    link
    14 years ago

    The censored image (linked by the title) was allowed in r/Belgica, but the discussion therein was censored.


    In response to this post, I wrote:

    r/belgium has a rule against “agenda pushing”. Since my post is driven by an agenda to oppose parent-child separation it would be censored there. I already posted it in r/brussels (since Argenta has branches in Brussels), and it was censored there. It didn’t break any r/brussels rules but Octave1 said that it’s not related to Brussels.

    In response to this post, I wrote:

    Ah, well in that case I propose this thread as raw source data for which to inspire the creation of a meme. Who’s up for the challenge?

    In response to this post, I wrote:

    All banks intertrade

    It’s not only a bandwagon fallacy; it’s also incorrect to imply all banks do business with JP Morgan or that they all invest in prisons, fossil fuels, and other ethically unsound practices w.r.t. pensions. Do a search on “B Corporations”. In Belgium Triodos is an ethical bank, for example.

    Argenta forces pension account holders to invest exclusively with JP Morgan. It’s unethical and unnecessary. It’s also inconsistent with the values Argenta claims to have.


    All the above posts were censored.