get fucked clown
sure amateur
BlackRock Emerges as Wall Street Player in Biden Administration
Wall Street bankers, and in particular those from Goldman Sachs Group Inc., have long held senior positions in the White House. Under President-elect Joe Biden, such roles are going to executives of BlackRock Inc.
A former Goldman executive held the Treasury secretary post in three of the last four administrations, but the firm is absent so far from the White House this time. Instead, two executives who have worked at asset-management giant BlackRock will be the senior Wall Street representatives.
Mr. Biden is expected this week to name BlackRock's head of sustainable investing, Brian Deese, to run the National Economic Council, said people familiar with the matter. Adewale "Wally" Adeyemo, a former chief of staff to BlackRock's chief executive, is expected to be named Tuesday as the No. 2 at the Treasury Department.
"By picking folks with deep ties to large asset managers, the administration can help assuage financial executives' concerns. It sends a clear signal to the industry to breathe easier: They can plan for stability without likely facing massive new regulatory or tax risks," said Tyler Gellasch, executive director of investor trade group Healthy Markets Association. Some progressives and investor advocates worry that the naming of any finance executives could result in looser regulatory scrutiny on big money managers.
But broadly, BlackRock may not draw the kind of anger that traditional Wall Street banks like Goldman tend to generate. BlackRock is in the business of investing money for individuals and institutions like endowments, and much of its growth comes from funds that track market indexes. Asset managers like BlackRock don't arrange mergers and acquisitions, they don't earn big profits from trading and their employees, while well paid, often aren't seen within the finance industry as swaggering bankers. The firm has faced criticism for investing in companies that contribute to climate change, and for failing to live up to its own rhetoric on the subject, environmental activists say. It pledged this year to take a tougher stance.
The role of BlackRock alumni in the Biden administration is the latest chapter in a decadelong rise in both Washington and on Wall Street. BlackRock is the largest asset manager in the world with $7.8 trillion under management as of September. As it has grown, it has both boosted its operations in Washington and hired government officials. Messrs. Deese and Adeyemo worked in the Obama administration. BlackRock's global footprint and experience with markets "will be invaluable as the president-elect navigates a slowing economy and turbulent markets in the wake of the pandemic," said Stefan Selig, an investment banker who runs BridgePark Advisors LLC and was undersecretary of Commerce during the Obama administration.
The Biden administration economic team will be filled with economists and policy makers who focus on areas such as income inequality and labor markets. That is a contrast to the Trump administration, which named former Goldman Sachs executive Steven Mnuchin as Treasury secretary, former Goldman President Gary Cohn as an economic adviser and other firm alumni to senior roles. Goldman veteran Robert Rubin served as President Bill Clinton's Treasury secretary, while Henry Paulson Jr. occupied the position in President George W. Bush's second term. The Obama administration had few Wall Street executives.
Mr. Adeyemo, a former senior international economic adviser during the Obama administration, is expected to serve as Janet Yellen's top deputy at the Treasury Department. The former BlackRock executive worked as a senior adviser for the company from 2017 to 2019, including as interim chief of staff to BlackRock CEO Larry Fink.
moar
https://www.wsj.com/articles/blackrock-emerges-as-wall-street-player-in-biden-administration-11606841207
just for you and your faggot crew ya fuggen douchebag
And as usual your narrative failing
Good luck faggots
kek
whatever you say faggot
Everyone else is wrong and you are right
KYS you comped dick-sucking lackey
Are you 10 years old still?