Valkyrie's Account Talk

@Grok

The Thrift Savings Plan (TSP) is administered by the Federal Retirement Thrift Investment Board (FRTIB), an independent U.S. government agency that oversees the plan and manages its investments in the interest of participants and beneficiaries. The FRTIB contracts with external asset managers to handle the day-to-day investment operations of the TSP's individual funds (such as the C, F, I, and S Funds). These managers are BlackRock Institutional Trust Company and State Street Global Advisors, with the dual-manager structure providing redundancy and backup capabilities. The G Fund, a government securities fund unique to the TSP, is managed directly by the U.S. Treasury.
 
doesn't Blackrock still control all of the TSP funds?

 

""Can banks legally confiscate your money?​


The fact is, any money you store in a banking institution now becomes an unsecured debt, and you become an unsecured creditor that is called on to share in the burden of a bank loss. You have little- to-no legal recourse. Act gives the right for banks to confiscate those funds in and use them as needed.
Written by Congress into the Dodd-Frank bill that replaced Glass-Steagall are provisions that the private banks can confiscate depositors money (called “haircutting”) to recapitalize the bank in case of bank failure.""
 
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