Our Loss is BlackRock's Gain

How much do you know about the BlackRock hedge fund? Better bone up fast, now that the folks at BlackRock are calling the shots in the government's trillion-dollar bailout program. As both the New York Times and the Wall Street Journal reported on Tuesday, BlackRock execs are now directing key elements of the government program at a time when they stand to reap great profits from the fallout of a problem they helped create. Full Story »

Posted by Chris Finnie
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Subjects: U.S., Business
Topics: U.S. Economy
Member Tags: Bank Bailout
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Posted by: Posted by Chris Finnie - May 20, 2009 - 10:14 AM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - May 21, 2009 - 8:42 AM PDT

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4.6
by Chris Finnie - May. 20, 2009

I have learned to trust The Nation as their stories proved to be true over and over again. Though I find this one disturbing, it also appears to be factual.

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4.8
by Douglas Hord - May. 21, 2009
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3.6
by Roger Powelson - May. 20, 2009

I would not argue over Mr. Scheer's facts. They seem incontrovertible. His tone, however, is strident without being uplifting. Like a more mature Maureen Dowd.

This is a very perturbing view of what is happening to the taxpayer's money under Obama. It is an example the behavior of what Jamie Galbraith ... More »

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4.0
by Naomi Isler - May. 20, 2009

It seems to be factual, fair, in depth, etc. etc. etc. But all it really says is that the more things change the more they remain the same. The people who brought us the chaos will now be in charge of fixing it.

But then, I recently heard someone talking about how FDR put Joe Kennedy SR in charge of cleaning up some 1930s messes - because he figured Kennedy ... More »

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