BlackRock could end up buyer and seller of toxic assets

Having guided the creation of the government's program for selling toxic financial assets, BlackRock is now establishing the values of many of those assets and is in line to receive government-subsidized loans to buy toxic assets. Some critics say that after having created the credit market meltdown, Wall Street firms such as BlackRock now stand to profit further from the taxpayer-funded efforts to fix the mess they created.

View Full Article in:

Wall Street Journal (tiered subscription model), The

Published in Brief: