BlackRock Faces Bipartisan Fire in Running Fed Bailout

BlackRock Faces Bipartisan Fire in Running Fed Bailout
AP Photo/Francois Mori

BlackRock, a Wall Street titan that manages $7 trillion in assets, is facing growing scrutiny over its role at the center of the Federal Reserve’s massive bailout of U.S. corporations — and it's coming from all sides.

The world’s largest asset manager is sparking concern from U.S. lawmakers in both parties on multiple fronts, including over its sheer size and market power, its ties to China, its tough stance against companies that contribute to climate change and the extent to which its own bottom line may benefit from the government programs.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles