"Top U.S. Officials Consulted with Pfizer Coronavirus spreads across US"
Clearly there must be something nefarious going on!
Actually, there was no reason whatsoever for the asset purchases of bonds that were placed to stabilize the market to be made in the form of Black Rock Products. Its not nefarious, in the, business as usual sense that all federal economic intervention chiefly benefits the Uber Uber wealthy. The last time I calculated, the bonds purchased that ended up on the fed balance sheet worked out to >14x the payments made to individuals. It is not surprising that if one goes to Black Rock to learn how to stabilize markets, Black Rock says buy our stuff. It is however ridiculous people are naive to the relative flows of capital. I can't stop hearing about funemployment, and just thinking about how fun my job is at the hedge fund lol.
>Actually, there was no reason whatsoever for the asset purchases of bonds that were placed to stabilize the market to be made in the form of Black Rock Products
Were the purchase exclusively in blackrock products?
Essentially yes. A million million is a trillion btw lol.
The people with the most expertise on assets work at Blackrock, not Treasury. This is only a scandal if they didn't also consult with other people who didn't have a vested interest in propping up asset prices.
Officials went to the experts when they needed consultation? What a scandal.