re: BlackRock suffered $1.6 trillion in losses in 6 months

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The point is this. Blackrock can afford to absorb losses on a similar percentage basis as smaller investors, and still remain liquid. Then when those smaller firms can't hold on, Blackrock buys them out at pennies on the dollar. Same principle WalMart used for years in small towns all over America. They are so big they can afford to lose money selling everything cheap to drive the local stores out of business, then buy out everything and they are the only store left in town. Same scenario. That is the point.

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Lol, what caused all of these liquidity problems for the greater part of a decade prior to Covid?

Your conclusion might make sense if your reasoning wasn’t so ridiculous.