Blackrock to handle Fed bond purchases.
https://www.wsj.com/articles/federal-reserve-taps-blackrock-to-purchase-bonds-for-the-government-11585085843
The Federal Reserve on Tuesday asked BlackRock Inc. BLK 13.52% to steer tens of billions of dollars in bond purchases, a reflection of the influence of the world’s largest money manager.
The mandate is expected to be significant. The Treasury Department is expected to inject $10 billion in initial equity funding in connection with each of the two facilities, according to a previous Fed statement.
The tasks place BlackRock in a potentially controversial position of implementing the administration’s response to the spreading coronavirus pandemic. The firm’s roughly $7-trillion reach extends into everything from equities to bonds to private equity. The firm will face significant scrutiny on how it prevents conflicts of interests.
https://www.blackrock.com/
They control so much, you Anon, probably have FedBucks$ running through their funds system.