How could Bernanke NOT know how Blackrock is being paid???

Bernanke, in a particularly slimy and weasle-ish way, just told Congress that although he decided to hire Blackrock to deal with the financial crisis (someone tell me again why we need a fed reserve if they have to hire OTHER PRIVATE financial firms), he had no idea how much they would be paid, or how they would be compensated.


Oh really.
 
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