Black Rock Is Buying Into Fed Purchases They Are Making, Mnuchin Praises Airlines Bailouts Video by Silver Report
Black Rock has been managing this relief package for the Fed and directing their purchases using the Treasury money from the bailout. Funny thing is they just admitted they are purchasing the same things due to what they describe as uncertainty and an economic downturn. They also said they are sitting on a large cash position and reserving it to make investments in companies who’s earnings have been destroyed. And Mnuchin announced He is happy that all of the major airlines have decided to partake in the bailout. Interesting thing is that no one seems to think it’s not wise to use the taxpayer money to fund some of the most powerful corporations in America.