Thursday, October 28, 2010

Finance, Fraud and Foreclosure

In the book, ‘Too Big to Fail’, it is reported that on 13 September 2008, Larry Fink got on the plane to Singapore. The report on the saga of the week of 7-14 September 2008 further commented on his return after Henry Paulson and the government saved the big financiers by putting trillions of dollars in the financial system. Fink is of particular interest because not only is he the chairman and CEO of BlackRock, the largest money management firm in the world, but also because his role in the present foreclosure mess has been exposed that he is one of the key figures of the shadow banking system and the shadow government is being brought to light.

We are informed in a Vanity Fair article titled ‘Larry Fink’s $12 Trillion Shadow’ that BlackRock controls over US$12 trillion in assets, and ... read more

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