Given their druthers, many government officials would prefer to do their business – our business, actually – behind closed doors and provide sanitized, self-serving versions of their actions after the fact. Journalists and governmental watchdogs struggle constantly to overcome the tendency toward secrecy and obfuscation, sometimes winning and often losing....
How BlackRock Wields Vast Influence Over Government & Economy
The decade since the last financial crisis has given rise to massive asset managers, and perhaps no company in the world now has greater reach and influence over financial markets and governments than BlackRock. Political activists have gone on the attack against hedge funds and private equity funds, but BlackRock...