08/27/2009 05:12 am ET | Updated May 25, 2011

BlackRock Opens Fund To Buy Troubled Assets In PPIP

Here is the latest pitch from Wall Street: those troubled assets at the banks could turn out to be gold for you.

That is the line from BlackRock, the giant money manager. BlackRock is putting together an investment fund that it says will give ordinary Americans a chance to profit from the financial bailouts that they are paying for. The company quietly filed plans on Friday to raise money for the vehicle.