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BlackRock’s Sweet Deal (5/12/20)

Don’t think there’s anything cronyistic (that’s a word we just made-up) about the relationship between the Federal Reserve and the Wall Street financial guys? RIA Advisors Chief Investment Strategist, Lance Roberts, describes how the Fed has created a cozy little relationship for BlackRock to sit on…er, manage cash for the government at a healthy fee…virtually in perpetuity, according to the Fed’s own memorandum. This. Will. Make. You. Mad.
* Special thanks to the Estate of George Carlin for the excerpt from his February 1999 performance and commentary on Germs (yes, it’s all connected…)
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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