BlackRock has long been a player in the mortgage backed securities market. In fact BlackRock's founder Laurence Fink played a large role in creating the market, according to Charles Murphy, adjunct professor at the NYU Stern School of Business in this NPR report. Now the Tresury Department may turn to BlackRock to take on some toxic assets as it tries to unfreeze the credit markets.The Treasury Department is working quickly to hire companies to help manage the toxic assets crippling the U.S. financial system. Only a handful are capable of taking on such an enormous task. One of the leading contenders is the company BlackRock. WNYC's Lisa Chow took a trip to its headquarters in Midtown Manhattan.



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