According to the {Wall Street Journal) Nov. 30, if Joe Biden gets in the White House he will take enough of Larry Fink’s BlackRock, Inc. with him to ensure that his economic policy will be about “green” reallocation of capital investment, and not about increasing taxes on Wall Street’s financial giants. Janet Yellen’s Deputy Treasury Secretary would be Adewale “Wally” Adeyemo, former chief of staff to BlackRock’s CEO Fink. The White House Chief Economic Advisor would be Brian Deese, BlackRock’s Head of Global Sustainable Development. Tom Donilon, the brother of the Biden campaign’s chief strategist, is the head of BlackRock Investment Institute and Biden wanted him for CIA Director, but Donilon declined.
Deese, who was Barack Obama’s 31-year-old hound dog for forcing General Motors and Chrysler into bankruptcy, although he knew little about cars or the auto industry (he did know from asset stripping along with Steven Rattner and Ron Bloom), is the most threatening of the three. He regards, as he says, “climate change, which involves a lot of reallocation of capital,” as his main current task for BlackRock and future task for Biden.
