BlackRock becomes the go-to firm for Divining Wall Street's Assets First of all, as a risk analyst isn't this too risky to put all eggs in one basket? The reasoning Geithner gave when asked why should we trust BlackRock, is simply, "They come with world class reputation". Well so be it. I guess, and I share Janet's (read the article) comment, that the government should come out with all the details about how the assets were valued and what measures did BlackRock take, even if it is propreitary. We are talking about billions of dollars under government custody now and people's lives and jobs are dependent on these analyses. When asked about transparency of what BlackRock does and who else it works for, Larry Fink, CEO of BlackRock says he has " to be opaque" about it. Don't we smell a Madoff stink here? When it comes to public tax payer's money being used, one should provide every transparent detail possible. Atleast the government should have
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