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BlackRock, Inc. Message Board

  • crazydadinc3 crazydadinc3 Nov 10, 2011 12:39 PM Flag

    BLK takes to the airway

    BlackRock takes to the corrupt airwaves of the CNBC to recommend BUYING ITALIAN DEBT. Good grief.

    Ummm...but let us review their double speak over the last 30 days.

    A month ago, BLK was bragging [to Reuters] about buying that debt...as the rumor machine turned Europe upward on each meaningless headline.

    Then, more recently, as their shares were falling as Italian debt yields rose, they DENIED having much in the way of exposure to Italian debt...and that they were "comfortable."

    And today...the call comes out [to clients] to BUY Italian debt...that yesterday they were comfortable with....because they have it to sell, of course.

    Transparent BS. If only the firm's balance sheet was so transparent. Let the shares rise and sell them again...because I don't think they will have any takers at favorable prices...unless, of course, they find an even less informed buyer than themselves.

    This nation no longer needs Larry "make them buy equities" Fink.

 
BLK
319.06Jul 22 4:00 PMEDT

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