As BlackRock gets appointed to oversee bailouts to companies including BlackRock, how do we make an insane moment lead to good?

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

13:18

Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO

05:10

Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny

04:07

The first video of the year 2024

40:07

The last regression video of the year 3.67.0

The U.S. Senate passed $2 trillion in stimulus. That includes a one-time $1,200 check to impacted individuals and….you guessed it, billions and billions for corporate relief. Included in that are hundreds of billions of dollars in corporate bond buying programs. The Federal Reserve has recruited asset management giant BlackRock to administer three of those programs.

Here’s the kicker. As Bloomberg describes it: “Under the arrangement [BlackRock] could buy some of its own funds on behalf of the central bank.”

Outrage is running rampant, and to help listeners sort through it, @NLW is joined by Meltem Demirors, chief strategy officer at CoinShares. In this conversation, they discuss:

STORY CONTINUES BELOW

Recommended for you:

The government mechanics behind the “money printer go brrr” meme
The unfathomable failure of U.S. intelligence in seeing the pandemic coming
The deficit of leadership across the political spectrum
What BlackRock means and why “they’re not even pretending anymore”
Why Twitter memes on their own can’t change the world
Why bitcoin can and should be a gateway and tool for evangelizing more systemic change

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.