BlackRock Update on the Current Financial Crisis
Financial markets have been thrown into turmoil in recent weeks. The credit crisis that began last year with the collapse of the subprime loan industry resulted in the government takeover of several major financial firms and the failure of several financial institutions and banks. The investment management firm BlackRock expects more related market news to follow. These events culminated in the creation of the new Troubled Asset Relief Program (TARP) as well as unprecedented central bank action. In this report, BlackRock provides a perspective on these events, discusses the broad outlook for the US and global economies, and offers suggestions on where investors may find value in the current market. Please click on this link to read BlackRock's perspective.