To: Diana in Wisconsin
Correct. Blackrock is a Federal Reserve Funded Financial Institution. (see my link above)
16 posted on
06/14/2021 12:52:35 PM PDT by
lwd
To: lwd
Yes and no, the Federal Reserve commissioned Blackrock to "manage" funds/bonds, as of this time over $7 trillion. Feds did not want to unwind their balance sheet and jack up interests rates so again, they sequestered Blackrock to "deal with it".
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