05.01.2017 - 14:58 [ James Petras ]

Laurence Fink: The Trillion-Dollar Deadhead

Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of Black Rock (BR), the world’s largest multinational investment management corporation. By 2016, BR had over $5 trillion dollars under management with over 12,000 employees in 70 offices in 30 countries serving clients in 100 countries.

Fink has dominated Wall Street. He holds more assets than his biggest established competitors, because he had the political power to direct the enormous Washington bailout of Wall Street in 2009. He helped shape Hillary Clinton’s emerging Treasury Department team and policies, anticipating her presidential victory.