Clinton Takes Her Adviser’s Side, Attacking Big Banks but Not BlackRock

[FreakinDJ]

Hillary Clinton has received a mixture of plaudits and qualified skepticism for her Wall Street reform plan. She insists that the plan is tougher than those of her Democratic presidential rivals, because it targets more participants in the financial industry beyond the big banks.

But Clinton’s plan was mute on a key sector of the industry: asset management firms, like BlackRock or Vanguard or Fidelity, which control a staggering $30 trillion in global wealth.

And a number of Clinton’s ideas mirror the preferences of leading asset managers, who would profit from crackdowns on their competition — the big banks — while they get a pass.

That’s probably not a coincidence. Cheryl Mills, arguably Clinton’s closest adviser, sits on the board of directors of BlackRock, the largest asset management firm in the world, with $4.5 trillion in investor assets.

https://theintercept.com/2015/10/21/clinton-takes-her-advisers-side-attacking-big-banks-but-not-blackrock/

[cali]

1. What a joke.

[FreakinDJ]

2. No - its just plain sleazy

[Deny and Shred]

3. The cozy governement-to-corporate pipeline

is at the heart of the problem.

"Mills was elected to BlackRock’s board in October 2013, months after the end of her tenure at the State Department. BlackRock’s announcement highlighted Mills’ ties to Clinton in its opening sentence."

In ethics, it was once called conflict of interest. Now its called synergy.

I can see Hyman Roth in the Godfather - "We now have true partnership with government"