As BlackRock gets appointed to oversee bailouts to companies including BlackRock, how do we make an insane moment lead to good?

The U.S. Senate passed $2 trillion in stimulus. That includes a one-time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs. 

Here’s the kicker. As Bloomberg describes it: “Under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.” 

Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, chief strategy officer at CoinShares. In this conversation, they discuss:

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Products You May Like

Articles You May Like

New Peer to Peer Exchange Provides Africans with an Alternative to Paxful
Live Bitcoin Trading With DeriBot on Deribit
U.S. Gains COVID-19 Drug Monopoly for Gilead’s 31,900% Markup
Brock Pierce Jumps Into 2020 US Presidential Last Minute
Key Indicator Says Bitcoin’s Momentum Is Weakening: Where Will BTC Head?
This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor

Leave a Reply

Your email address will not be published. Required fields are marked *