Birdwatch Note Rating
2023-08-30 05:19:09 UTC - HELPFUL
Rated by Participant: A42C167241257DCC760DC573E140128AAE4AEB6DD5EB1F4D283B8E22E0C0AC63
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/
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