Waxman probes BlackRocks role in Bear bailout
Congressman seeking info about no-bid contract; if investment firm isn’t successful, taxpayers ‘stand to lose billions.’
Lawmakers continue to express concern about the Bear Stearns bailout. Today, Rep. Henry Waxman, D-Calif. hinted at his displeasure at the no-bid contract awarded to BlackRock Financial Management to help evaluate and manage Bear’s portfolio, according to Financial Week.
In a letter yesterday
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