TOXIC ASSET INVESTMENT FUND NEWS

News concerning the Toxic Asset Investment Fund and the Public-Private Investment Program (PPIP)

Entries for February 8th, 2010

BlackRock Skirts Blowups to Win Clients as Legg Mason Shrinks (Bloomberg)

Feb. 8 (Bloomberg) — BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and AllianceBernstein Holding LP.

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BlackRock Skirts Blowups to Win Clients as Legg Mason Shrinks (Bloomberg)

Feb. 8 (Bloomberg) — BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and AllianceBernstein Holding LP.

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BlackRock Skirts Blowups to Win Clients as Legg Mason Shrinks (Bloomberg)

Feb. 8 (Bloomberg) — BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and AllianceBernstein Holding LP.

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Perennial Fuel Scarcity (AllAfrica.com)

Also, the deregulation process started by the government appears to have been stalled in the President’s absence.

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BlackRock Skirts Blowups to Win Clients as Legg Mason Shrinks (Bloomberg)

Feb. 8 (Bloomberg) — BlackRock Inc. and Franklin Resources Inc. won the most new assets among publicly traded U.S. fund managers last year after limiting losses during the financial crisis that drove clients away from Legg Mason Inc. and AllianceBernstein Holding LP.

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Obama prolongs the pain - again (Asia Times)

United States President Barack Obama has chosen the path of least resistance for rescuing the US economy from what is generally accepted to be the worst downturn since the Great Depression.

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Nigeria : How Intellectuals Underdevelop Nation (AllAfrica.com)

Lagos — As I started to write this, I happened on an interview of Nigerian-born Jelani Aliyu a top automobile designer with ailing General Motors. He opines in that interview, that “Many people underestimate the power of imagination and determination”.

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