RE: Blackrock To Implode?

I have been waiting for years for BlackRock to start showing cracks in its armor. $7T? Try closer to $9T, and that's just what they publicly-acknowledge. We don't have any clue how much they have offshored and how big their overseas portfolios truly are. That's what is truly terrifying. If we think $250B in fire sale assets is a problem, how about all the leveraged debt they've used in the past 30 years? There's no market in the world that can absorb that level of paper. Not the Fed, not the BIS, no one has the capacity to absorb that hit without global fallout.