Jump to content
House Price Crash Forum
Sign in to follow this  
AvidFan

They Did It Again. Blackrock Buys Bgi And Becomes A

Recommended Posts

http://www.nytimes.com/2009/06/12/business...12barclays.html

One of many links.

In control of around $3 trillion in assets apparently, more than the FED.

You'd have though the bankers would have learnt their lesson by now.

Ho hum. Here we go again... :blink:

I thought the assets would mainly be in the day to day control of custodians (Northern Trust, State Street etc.)to prevent them falling into the hands of liquidators should blackrock fail?

Share this post


Link to post
Share on other sites

Maybe the "assets" themselves are held with a variety of financial institutions. But let's face it, margin accounts would be all they'd need to claw back the liquidity and start playing games with it. Shorting, structured products designed to provide some kind of guaranteed return... it could all lead to disaster...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   285 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.