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"As of 30 September 2009, BlackRock's assets under management totaled US$3.2 trillion across equity, fixed income, cash management, alternative investment and r
by timmaah 17y ago
"As of 30 September 2009, BlackRock's assets under management totaled US$3.2 trillion across equity, fixed income, cash management, alternative investment and real estate strategies"
Sounds like unwilling to me. Just because they couldn't refinance that debt doesn't mean they are unable to pay it.
- yummyfajitas 17y agoI'm not sure why you believe Blackrock can divert assets from one use to another. For instance, if Blackrock manages two pension funds (e.g., Target Retirement 2050 and 2040), they can't raid TR2050 to pay for obligations owed by TR2040.