Fink Says BlackRock to Take Part in Geithner’s Toxic-Asset Plan

Mar 23rd, 2009 - Bloomberg

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March 23 (Bloomberg) -- Laurence Fink said BlackRock Inc.,the biggest publicly traded U.S. asset manager, will participatein the U.S. Treasury’s programs to purchase troubled securitiesfrom banks.

BlackRock will take part in programs outlined today by theTreasury that will purchase loans and set up funds to buymortgage-backed securities, Fink, chief executive officer of NewYork-based BlackRock, said today in an interview.

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