5/12/20 BlackRock's Sweet Deal

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...)