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Reuters: Lawmaker eyes BlackRock role in Fed's Bear deal

Started by chris, April 07, 2008, 10:01:07 PM

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chris

Lawmaker eyes BlackRock role in Fed's Bear deal
      


WASHINGTON (Reuters) - The chairman of a U.S. congressional committee on Monday asked the Federal Reserve for details about its hiring of BlackRock Financial Management  to run the $30 billion portfolio tied to the Fed's financing of a buyout of investment bank Bear Stearns .
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