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It’s outrageous that BlackRock employees can get rich by trading off of the company’s public contract, and it’s frightening that this firm seems to be too big to regulate. It’s up to Congress to demand rigorous oversight of the Fed’s programs.https://twitter.com/MarcusMStanley/status/1260593428360048641 …
That’s why @RepRashida, @RepPressley and I wrote to the Fed and Treasury demanding oversight of BlackRock’s contracts to make sure this shadow bank doesn’t become a shadow government.https://chuygarcia.house.gov/media/press-releases/representatives-garc-tlaib-pressley-call-stricter-oversight-over-blackrock …
And that’s why @RepKatiePorter and I introduced the Systemic Risk Mitigation Act, a bill that ensures that systemically important financial institutions like BlackRock get regulatory oversight.https://chuygarcia.house.gov/media/press-releases/reps-garc-and-porter-introduce-systemic-risk-mitigation-act-rein-shadow-banks …
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