BlackRock Recruiter Who ‘Decides People’s Fate’ Says ‘War is Good for Business’ While Spilling Info on Asset Giant

“In the footage, a BlackRock Recruiter named Serge Varlay describes how BlackRock is able to ”run the world” in about 7 minutes of riveting undercover footage. The footage was captured over the course of several meetings in New York by one of OMG News’ rockstar undercover journalists. BlackRock Inc is the world’s largest asset management company that’s gained more notoriety as of late due to its large acquisitions. Varlay says it’s easier for BlackRock to do things when “people aren’t thinking about it” and the asset giant “doesn’t want to be anywhere on the radar. This story is a peek into why. Serge Varlay told our journalist that BlackRock manages $20 trillion dollars worldwide. According to him, “it’s incomprehensible numbers.” BlackRock has over $9.5 trillion of assets under management, that’s larger than the GDP of all countries on the globe except the US and China. “The senators…are f***ing cheap – you got 10 grand, you can buy a senator,” Varlay remarked in what is arguably the most unabashed description of corruption and bribery from their own company we’ve ever heard.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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