Larry Fink and His BlackRock Team Poised to Take Over Hillary Clinton’s Treasury Department

[newthinking]

Larry Fink and His BlackRock Team Poised to Take Over Hillary Clinton’s Treasury Department
David Dayen


Goldman Sachs paid Hillary Clinton $675,000 for three speeches, but an even bigger Wall Street player stands ready to mold and enact her economic and financial policy if she becomes president.

BlackRock is far from a household name, but it is the largest asset management firm in the world, controlling $4.6 trillion in investor funds — about a trillion dollars more than the annual federal budget, and five times the assets of Goldman Sachs. And Larry Fink, BlackRock’s CEO, has assembled a veritable shadow government full of former Treasury Department officials at his company.

Fink has made clear his desire to become Treasury Secretary someday. The Obama administration had him on the short list to replace Timothy Geithner. When that didn’t materialize, he pulled several members of prior Treasury Departments into high-level positions at the firm, which may improve the prospects of realizing his dream in a future Clinton administration.

And his priorities appear to be so in sync with Clinton’s that it’s not entirely clear who shares whose agenda.

Clinton, for her part, has refused to rule out a Treasury Secretary drawn from Wall Street.

Continued:
https://theintercept.com/2016/03/02/larry-fink-and-his-blackrock-team-poised-to-take-over-hillary-clintons-treasury-department/

[highprincipleswork]

1. You wouldn't even imagine this from Bernie. This is f'ed.

[newthinking]

2. Bernie will bring in the best and brightest looking to the future

His cabinet will look like they did in older Democratic administrations before the $$$$ cult took over.

[Darb]

3. It's true. Hillary told me.

Close to a shark jump. Not quite though, just bogus.

[highprincipleswork]

4. I know, Hillary will employ the most enlightened economists, even those that disagreed with Bill.

[Darb]

5. I'll have to ask her. Hang on a minute.

Now where is my celly?

[highprincipleswork]

6. You do that. In the meantime, just check out what she does and has done in the past.

That should be clear enough.