komal wrote:FED has hired Blackrock to manage and oversee their $4 trillion injection. Blackrock's first order of business was to have the FED buy an exchange-traded bond fund sponsored by --- Blackrock. The value of that fund went up nearly 20%.
Thomas Jefferson said that eternal vigilance is the price of freedom.
There is also an old Tamil saying that you can awaken the sleeping.
In 2008-09 the Fed injected $4T. It is estimated that this time around, that amount may be exceeded to $6T or more according Larry Kudlow.
Using Blackrock is not unusual as they already have a track record of managing hundreds of billions dollars for US federal employee and military pensions. Blackrock and Barclays have a long association with the US government for some time.
In 2009, the Obama administration gave a payroll tax holiday, amounts to about 9.1% of pay, to all US taxpayers. This time around it was poo-pooed by the Democrats as they want to inflict as much damage on the middle class to win an election.