
Perfect timing?
BlackRock and CEO Larry Fink just got permission in August from regulators in China to start a mutual fund business there, a next step in the firm’s ever-expanding portfolio of investment activity with the communist nation.
At the same time there’s an election next week, and many expect Democrat Joe Biden to win. Fink’s name is often floated as his possible Treasury Secretary. He reportedly wanted the job in a Hillary Clinton administration, but then she lost.
Biden might like the China-enthusiast Fink for the role, since the former vice president was recently implicated as a potential beneficiary of investment in a scheme cooked up by his son Hunter and his business partners with now-bankrupt CEFC China Energy. A 2017 email – captured in a now-famous laptop computer left and ignored by Hunter Biden at a Delaware computer repair shop, and then turned over … Read More ➡