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

[silvershadow]

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.

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

[Kip Humphrey]

1. Wow! A whole new reason to vote for Bernie Sanders. I think that's reason #39.

[Divernan]

2. Fink favors privatizing social security & mocks retiring at 65

Wonder how much he's paid off the Clinton Family Foundation to make his dream of a cabinet post come true.
Snippets from OP link:

Fink has also promoted the privatization of Social Security, while mocking the idea of retiring at 65, which is easy for a business executive who sits at a desk all day to say, rather than working on an assembly line or as a waiter. Fink owes his initial backing at BlackRock to Pete Peterson, the former commerce secretary who has been at the forefront of the campaign to cut or privatize Social Security. He sat on the steering committee of the Campaign to Fix the Debt, a stalking horse for Peterson’s ideas.

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.

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.

Among other BlackRock officials with ties to Clinton: Senior Managing Director Matthew Mallow is a “Hillblazer” who has helped raise $100,000 or more in donations. Clinton held a fundraiser earlier this month at Mallow’s New York City home.

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[nxylas]

3. What a perfect name

Treasury Secretary Fink. Kinda has a ring to it.

[Human101948]

4. Amazing that this appears front page right above a Hillary Group post telling us

that Bernie is falling behind because people love President Obama and thus Hillary and there is not enough anger to propel Bernie's campaign. Just wait until Hillary and Fink do a job on Social Security.