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
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 calls "The Predator State". The whole TARP debacle, in my opinion, is becoming more and more embarassing for the Democrats.