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Joe Biden's Key Economic Advisor: The New US Administration's Blackrock Connection

2021-01-20T07:19:27.415Z


In the past, America’s politicians preferred to seek advice from Goldman Sachs. But this time the US investment bank is almost empty. Joe Biden recruits his economic advisors in the realm of Larry Fink.


Icon: enlarge

Consultant: Five years ago, during his tenure as Vice President,

Joe Biden had an

intensive

exchange

with

Brian Deese

(right).

Now the lawyer becomes his most important economic leader.

Photo: ZUMA Wire / imago images

Most recently, US presidents were looking for their top financiers at Goldman Sachs:

George W. Bush

(74) brought Goldman CEO

Hank Paulso

n (74) as finance minister, and

Bill Clinton's

(74) finance minister

Robert Rubin

(82) also came from the investment bank.

Donald Trump

(74) made Goldman COO

Gary Cohn

(60) head of his National Economic Council (NEC).

Trump's Treasury Secretary

Steven Mnuchin

(58) was with Goldman for 17 years and became a partner there - like his father.

With

Joe Biden

(78) things are now different.

Prominent Goldman alumni are missing from his team;

only

Gary Gensler

(63), who was with the investment bank until 1997, is supposed to lead the SEC.

For this, three of the future top people from the world's largest asset manager Blackrock: NEC boss

Brian Deese

(42), Vice Treasury Secretary

Adewale ("Wally") Adeyemo

(39) and

Mike Pyle

, the chief economist of Vice President Kamala Harris (56).

All three had made a career in the Obama administration at a young age before Blackrock boss

Larry Fink

(68) signed them.

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Source: spiegel

All news articles on 2021-01-20

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