General Discussion

SunSeeker

(58,171 posts)

18. No, it should not affect your withdrawals from your bank. Blackrock is a private equity fund, not a bank.

Fri Mar 6, 2026, 05:14 PM

Yesterday

Bank customers' deposits are insured by the FDIC in case of bank collapse.

The rich assholes who invested in Blackrock and other private equity funds are not insured by the federal government for their losses. They could still get bailed out, however, like the government did with so many corporations did in 2008/2009.

The worry is it could trigger a panic and a larger meltdown of our economy.

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usedtobedemgurl Wednesdays raging moderate

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BlackRock, the world's largest asset manager, just BLOCKED withdrawals. [View all] riversedge Yesterday OP

Is this the modern equivalent sarisataka Yesterday #1

Yes it is. Trump has until Monday to figure this out. Buckeyeblue Yesterday #4

Yesterday I that Trumpy was headed to the golf course this weekend--Dorel I think. riversedge Yesterday #6

How is this different from every weekend in his miserable life? AZ8theist Yesterday #31

and the grreat depression 1.0 AllaN01Bear Yesterday #10

He'll have to call Obama. Joinfortmill Yesterday #44

Well I feel terrible now D_Master81 Yesterday #45

And there is no way he's going to figure this out. He couldn't figure his way out of a paper bag. Scrivener7 22 hrs ago #50

It might be slightly misleading Renew Deal Yesterday #8

Not exactly misleading if you consider they bumped against that limit hard. Ilikepurple 22 hrs ago #53

I agree overall Renew Deal 10 hrs ago #56

Yes, I agree that that part was misleading as it was an existing restriction built in the terms Ilikepurple 5 hrs ago #72

No... Happy Hoosier 9 hrs ago #62

Bigger risks. SergeStorms 7 hrs ago #68

Not quite Lucky Luciano 5 hrs ago #73

This is bad. n/t LuckyCharms Yesterday #2

We should expect more of this. liberalla Yesterday #3

Another link UpInArms Yesterday #5

Blue Owl was also (until recently) neck-deep in AI lending . . . hatrack Yesterday #29

Thank you, this seems like a clearer version of what's happening. enough Yesterday #30

So the news isn't all bad. SergeStorms Yesterday #39

That's going to set off a bank run Renew Deal Yesterday #7

BlackRock is not a bank Celerity Yesterday #15

I know Renew Deal Yesterday #17

all good, I enjoy your posts RD Celerity Yesterday #21

No problem Renew Deal 10 hrs ago #58

indeed they do, and rightfully so Celerity 10 hrs ago #59

True lonely bird 8 hrs ago #65

Great link - thanks. TheRickles Yesterday #25

yw! Celerity Yesterday #26

OMG. It sounds like a place that makes risky investments... ananda Yesterday #33

There is always risk Renew Deal 10 hrs ago #57

I believe that the risky investment market was what Dr. T 8 hrs ago #63

I have a brain injury, so I am not that smart any more. usedtobedemgurl Yesterday #9

Here is some related info: Regulation D and savings account withdrawal limits - here's what changed Celerity Yesterday #14

Banks with FDIC and credit unions with NCUA coverage are protected Bluejeans Yesterday #16

Thank you. usedtobedemgurl Yesterday #19

the FDIC only covers up to $250,000 per depositor, per ownership category Celerity Yesterday #37

And we should not forget that Trump has considered getting rid of the FDIC markodochartaigh 11 hrs ago #55

And you think the FDIC? k55f5r 7 hrs ago #69

No, it should not affect your withdrawals from your bank. Blackrock is a private equity fund, not a bank. SunSeeker Yesterday #18

Thank you so much for the information. usedtobedemgurl Yesterday #20

If it topples crypto...... SergeStorms Yesterday #41

This message was self-deleted by its author dixiegrrrrl Yesterday #24

Have tbi too - it's sooo frustrating. During doge I took half my savings out and now I can't remember where tazcat Yesterday #42

Oh my gosh! usedtobedemgurl 22 hrs ago #54

I don't think it will be an issue Bob_in_VA 8 hrs ago #66

Golden parachutes for the c-suite, markodochartaigh Yesterday #11

I saw a video by Mark Thompson and David Cay Johnston markodochartaigh Yesterday #12

This video is important worth watching Renew Deal 8 hrs ago #67

Has anyone informed the top law enforcement official Attorney General Pam Bondi on this development? Uncle Joe Yesterday #13

Pam immediately sent a criminal referral to the director of the FBI. rubbersole Yesterday #34

Kash is much too busy...... SergeStorms Yesterday #43

I informed her and this was her response BaronChocula Yesterday #40

You Forgot The Part... ProfessorGAC 23 hrs ago #46

Her ignorance makes her a shoo-in for this regime BaronChocula 23 hrs ago #47

I feel like this was getting downplayed 617Blue Yesterday #22

Cockroaches flamingdem Yesterday #23

FFFfffffffuuuuuuuuuuuuckk. Maru Kitteh Yesterday #27

So more like bear stearns angrychair Yesterday #28

Look at how much trump is spending... slightlv Yesterday #32

wasteful lrucks1952 8 hrs ago #64

This is going to be one of those questions that will have to be answered slightlv 2 hrs ago #74

Good!!! OC375 Yesterday #35

From MSN LiberalArkie Yesterday #36

Part of what this shows is that the decisionmakers in the company make so much that they have $400 million to throw back Scrivener7 22 hrs ago #51

oh, they got the money but they sure as hell don't want to be playing with their own money. uncle ray 9 hrs ago #60

I agree that is the question. There is information they are privy to but you and I are not. And I have seen the argument Scrivener7 9 hrs ago #61

Why private credit is creating major concerns among economists SamuelTheThird Yesterday #38

If their clients can't liquidate, then they can't take advantage of the firesales that are going to occur. Buddyzbuddy 23 hrs ago #48

Is the "K-shaped economy" going lame? BaronChocula 22 hrs ago #49

Private Credit OC375 22 hrs ago #52

Doesn't sound 'free market' Quanto Magnus 6 hrs ago #70

It's all Bidens fault! Be The Light 5 hrs ago #71