Sunday, March 13, 2016

Social Security Privatizer Larry Fink of Giant Asset Manager BlackRock is a Clinton Treasury Secretary in Waiting

Posted on March 3, 2016 by Yves Smith

David Dayen at The Intercept has ferreted out that Larry Fink, CEO of the giant asset manager BlackRock, is keen to become Treasury Secretary, and has positioned himself accordingly. He’salready has such a strong influence on Hillary’s Clinton’s thinking to the degree that even Andrew Ross Sorkin has taken note of how she closely she echoes on financial service industry matters: “…“could have been channeling Laurence D. Fink.” This might seem to be a happy coincidence were not it not for the way Fink has curried favor with as having strong ties to Treasury by virtue of having hired former staffers. Per Dayen:
Fink’s most telling hire, however, is Cheryl Mills, arguably Clinton’s most trusted confidante. Mills was Clinton’s chief of staff at the State Department, was deputy White House counsel in the Bill Clinton administration, and is on the board of directors of the Clinton Foundation. Fink hired Mills for the BlackRock board of directors in October 2013, in what observers mused was a ploy to insinuate himself into the Clinton inner circle.

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