Remember this is all linked. Here is a great article detailing a tiny bit of this. https://www.newsmax.com/finance/streettalk/blackrock-crisis-response-trump/2020/04/17/id/963439/
Today, BlackRock’s role is even more expansive. The Fed enlisted the New York-based firm to shepherd three debt buying programs. Canada’s central bank is bringing in BlackRock as an adviser in purchases of commercial paper, a form of short-term debt companies use to fund day-to-day expenses like payroll.
Remember this is all linked. Here is a great article detailing a tiny bit of this. https://www.newsmax.com/finance/streettalk/blackrock-crisis-response-trump/2020/04/17/id/963439/
Today, BlackRock’s role is even more expansive. **The Fed enlisted the New York-based firm to shepherd three debt buying programs. Canada’s central bank is bringing in BlackRock as an adviser in purchases of commercial paper, a form of short-term debt companies use to fund day-to-day expenses like payroll.**
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