Fund Insider

BlackRock Hires Vice Chair of U.S. Treasury Committee: Public-Private Incest Continues

ML owns shares in BLK because they sold a huge part of their business to BLK, and were paid in stock rather than cash.
ML in no way runs BLK. BLK is just another large investment to ML, that's all.


On Apr 19 11:57 AM Juliet wrote:

> Of course BLK is in large part owned by ML which is now BAC, isn't
> that right?

BlackRock Hires Vice Chair of U.S. Treasury Committee: Public-Private Incest Continues

Sorry PainfullyAware, but Vox is correct.
I am a former BlackRock employee, and current of another on the list. We are investors in the government's securities. They as any issuer seek information from their potential investors, so as to make their investments attractive. Why shouldn't they talk to these firms? If you start a business, and go to a bank or venture capitalist to borrow money, they are going to give you a full body cavity search, so why shouldn't those who lend to the government have a forum to ask questions ? Many businesses start focus groups to learn what customers want. Those who buy bonds from any issuer, US no different, have a right to be treated as lenders and/or customers by the government, so this type of arrangement is perfectly normal.


On Apr 18 05:17 PM PainfullyAware wrote:

> Those Who Refuse To Look Will Never See The Collusion.
>
> Just because it is not raining where you are does not mean it is
> not raining elsewhere.