Birdwatch Note Rating
2023-08-30 04:54:53 UTC - NOT_HELPFUL
Rated by Participant: 049E9E249CF132BD220934A2301413303C9F83D5CC0D861A6488BB5A903CCA42
Participant Details
Original Note:
The 500B figure represents money placed into investments of Treasury, to be MANAGED by the firm, not the freely handled assets of the Blackrock company itself. People often confuse Assets Under Management (AUM) and the independent assets of a management company. https://theintercept.com/2020/07/14/banks-cares-act-ppp/
All Note Details