The billionaire CEO of BlackRock, the world’s largest asset manager, has said it “really doesn’t matter” who wins the US presidential election, because both Donald Trump and Kamala Harris will be good for Wall Street.
“I’m tired of hearing this is the biggest election in your lifetime. The reality is over time it doesn’t matter”, said BlackRock chief Larry Fink at an October 21 conference hosted by the Securities Industry and Financial Markets Association, according to the Financial Times.
“It really doesn’t matter”, Fink reiterated. He revealed that, at BlackRock, “we work with both administrations and are having conversations with both candidates”.
BlackRock has $11.5 trillion assets under management, making it the biggest investment company on Earth.
BlackRock has a revolving door with the US government. Veterans of the asset manager have held high-level roles in the Joe Biden administration’s Treasury. A BlackRock executive has likewise served as a prominent economic advisor for Kamala Harris.
Trump’s Treasury, on the other hand, was run by Goldman Sachs’ former chief information officer, Steven Mnuchin, who made a fortune as a hedge fund manager.
Hellbound and Down 