On March 24, 2008 the New York Federal Reserve issued a $30 BILLION bailout loan to JP Morgan to purchase Bear Stearns.

This was the first time taxpayer funds were used to bailout an Investment Bank.

BlackRock managed and liquidated Bear Stearns assets.

The entire $30 billion in assets secured by taxpayer funds were those managed by Alan ‘Ace’ Greenberg for his Personal Clients such as Donald Trump, Jeffrey Epstein, and the MEGA Group.