BLACKROCK BEGINS BUYING JUNK BOND ETFS FOR THE FED TODAY: IT’S ALREADY AT WORK FOR THE CENTRAL BANK OF ISRAEL

SOURCE: WALL STREET ON PARADE

It’s off to the races today for BlackRock. The New York Fed, with authority from the Federal Reserve Board and backstopped with taxpayers’ money, will begin the first phase of the Fed’s unprecedented leap into shoring up the sagging prices of investment grade corporate debt and junk bonds. BlackRock has been selected by the New York Fed to be the investment manager for these bailout facilities and will begin Phase I today by buying up Exchange Traded Funds (ETFs) containing investment grade corporate bonds as well as junk bonds. Making the situation particularly dicey is that BlackRock just happens to be one of the largest purveyors of said ETFs.

The screaming conflict-of-interest that this raises in the minds of many is not ruffling any feathers at the New York Fed (which is itself a bundle of conflicts wrapped in a fraud monetization spigot that creates money out of thin air.) The New York Fed has swiftly dismissed this problem with the following language in its Investment Management Agreement with BlackRock:

“The Manager shall treat BlackRock-sponsored ETFs on the same neutral footing as ETFs sponsored by other entities…If the holdings of BlackRock-sponsored ETFs by the Company at any time exceeds or is expected to exceed the then-current market share of BlackRock-sponsored ETFs in the corporate bond ETF market on average (calculated with reference to the most recently ended calendar month), the Manager will notify the Company and consult with the FRBNY, as managing member of the Company, to review the holdings of the Company and implement such adjustments as the FRBNY may direct.”

The New York Fed’s answer to teetering highly-leveraged corporate debt is to set up a highly-leveraged bailout facility run by Wall Street insider, BlackRock, which is also managing U.S. securities purchases for the central bank of Israel.

The stimulus bill known as the CARES Act allocated $454 billion of taxpayers’ money to effectively bail out all of the New York Fed’s bad supervisory decisions over the past decade. The $454 billion has been designated as “loss absorbing capital” to soak up the first 10 to 25 percent of losses in the Fed’s alphabet soup list of bailout facilities. The New York Fed will use $75 billion of the $454 billion for its two corporate bond buying programs, the Primary Market Corporate Credit Facility and the Secondary Mark.... Those programs will be leveraged by an approximate factor of 10 to 1 to create $750 in corporate bond bailouts. Given the size of the corporate bond problem, we strongly suspect that’s just the beginning.

READ MORE...

SHARE THIS ARTICLE...

Views: 11

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a blog post
9 hours ago
Doc Vega posted a photo
14 hours ago
Doc Vega commented on Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
"Les prone, Thanks Buddy! "
16 hours ago
Doc Vega posted a blog post
17 hours ago
tjdavis posted a photo
yesterday
Doc Vega commented on Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
"Less Prone as usual the official version of the truth does not match the evidence and is labeled…"
Saturday
Less Prone commented on Doc Vega's blog post This Memorable Anthem Given by Nick Freitas Hit the Nail on the Head Please Listen!
"Charlie Kirk was getting very critical against Israel and had turned down a lucrative deal from the…"
Saturday
Doc Vega's blog post was featured

The Army of Government Launched Psychopaths

They walk among us in most college towns. They seem relatively reasonable until political…See More
Saturday
Less Prone favorited Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
Saturday
Less Prone commented on Doc Vega's blog post Is this proof that the story about Charlie Kirk's assassination is false?
"Have to sign in to YT for this. So. What I do is to go to https://ytdown.io/en/ and download…"
Saturday
Doc Vega commented on Doc Vega's blog post Was a Planned Civil War Averted?
"cheeki kea, you are spot on. The old guard is about to collapse! "
Oct 2
Doc Vega commented on Doc Vega's blog post Alligator Creek and a Japanese Massacre
"cheeki kea, the Japanese thought they could expand their empire and exact enough damage on the US…"
Oct 2
Michelle Reichert favorited Burbia's video
Oct 1
cheeki kea posted a video

NEW DOCUMENTARY - Dissent Into Madness

TRANSCRIPT AND SOURCES: https://www.corbettreport.com/dissent-into-madness/What if the delusions of the dissidents are in fact real? What if their paranoid f...
Oct 1
cheeki kea commented on Doc Vega's blog post Alligator Creek and a Japanese Massacre
"Japan served themselves up no favours by inching out into the South Pacific as they soon found out.…"
Oct 1
cheeki kea commented on Doc Vega's blog post Was a Planned Civil War Averted?
"Their plans did not work out because we are the news now, and the old news is the enemy. "
Oct 1
Doc Vega posted a blog post

Alligator Creek and a Japanese Massacre

The year is 1942 just a few months after the Pearl Harbor disaster. Despite losses suffered by the…See More
Sep 30
Doc Vega commented on Burbia's video
Thumbnail

CHARLIE KIRK WAS CNP! JOSH REEVES 9-11-25

"With all due respect this guy comes off as a drunken asshole and he didn't even  know who…"
Sep 29
Doc Vega posted a blog post

Was a Planned Civil War Averted?

We are living in sadly historic times where good and evil are in battle all the time. Not that this…See More
Sep 28
Sandy posted a photo
Sep 28

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted