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
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 knew all the tricks that could be pulled.