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Thanks for answering my questions! I can't agree more with your last sentence. Why Blackrock? I really want to read their reasoning of using Blackrock as a bro
by programmertote 6y ago
Thanks for answering my questions!
I can't agree more with your last sentence. Why Blackrock? I really want to read their reasoning of using Blackrock as a broker other than it being the biggest fund manager. The Fed is big enough and why can't it buy the bonds directly. Maybe their weak excuse is that they can execute it via Blackrock ETFs quickly. But still...then why not spread it evenly over other institutions like Vanguard, Fidelity, etc.?
- kube-system 6y agoFWIW, the US Government also tapped Blackrock to help with the 2008 crisis. This article talks a little bit about that choice then: https://www.vanityfair.com/news/2010/04/fink-201004 https://www.vanityfair.com/news/2010/04/fink-201004