Clinton State Department aide helped Clinton Foundation (published Aug. 11)
State Department Confirms Clinton Foundation COO Left 150 Messages for Cheryl Mills (publ. Aug. 22)
Hillary Aide Cheryl Mills Asks that Release of Her Deposition Video Be Blocked (publ. May 26)
Is Cheryl Mills trying to cover for Hillary Clinton? (publ. Jun. 1, 2016)
Judicial Watch President: 'Tough Going' in Deposition With Hillary Aide (publ. Jun. 1)
Details of Deposition of Hillary Clinton Aide Cheryl Mills - Email Scandal (publ. Jun. 2)
Judicial Watch's Tom Fitton on Cheryl Mills' Testimony (publ. Jun. 4)
Report: Clinton aide Cheryl Mills granted partial immunity by FBI (publ. Sep. 23)
MSNBC Baffled That Cheryl Mills Gets Away With What She Does (publ. Sep. 23)
Cheryl Mills, Reddit's Stonetear, 5 Others Granted Immunity in Clinton's FBI Email Probe (publ. Sep. 23)
Breaking: Jason Chaffetz Proves Cheryl Mills lied to FBI about Clinton's private server (publ. Sep. 28)
Cheryl Mills, Ouanaminthe, Haiti - "Our Investments Are Not Visible" (Dec. 14, 2011)
Gregory Hicks: Cheryl Mills, then-Hillary chief of staff, asked me to help cover up Benghazi (May 8, 2013)
Sidney Blumenthal and Cheryl Mills: The Dossier (publ. May 20, 2015)
Hillary Wanted to Channel Haiti Relief $$$ to Cheryl Mills' Husband! (publ. Sep. 3, 2015)
Counselor Mills and Administrator Shah Hold Special Press Conference on Haiti (Jul. 12, 2010)
Department of State: Press Briefing on Haiti (Jan. 7, 2011)
CSIS: Options for Building a New Haiti - Keynote by Cheryl Mills (Apr. 29, 2011)
Exposing BlackRock: Who's Afraid of Laurence Fink and His Overpowering Institution?
Thu, 12/10/2015 - by Andrew Gavin Marshall
It's not a bank, nor an insurance company, central bank, finance ministry, or sovereign wealth fund. But it advises or owns such institutions. It operates virtually unregulated, often in the background, yet there is scarcely a company, country, or region of the planet that this, the world's largest asset management firm, does not touch or influence.
At a mere 27 years of age, BlackRock manages $4.5 trillion in assets, making it the single largest investor on Earth. It manages more wealth than Japan and Germany have in GDP. In fact, only China and the United States have a larger GDP than BlackRock has assets under management. Yet when one includes assets that the company not only manages, but advises upon, the number soars to around $15 trillion, roughly equal to U.S. GDP.
It's safe to say that BlackRock is the single largest financial institution in the world: a vast holding company that has become a major shareholder in roughly 40% of all publicly traded companies in the U.S., the largest single shareholder in one out of every five U.S. corporations, and one of the largest shareholders in companies around the world, from Canada to Brazil, Germany, Japan, China, and beyond.
Owning It All
Specifically, BlackRock is one of the top shareholders in all major U.S. banks, including JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, and Wells Fargo.
In terms of America's most profitable and recognizable corporations, BlackRock is a top shareholder of Walmart, General Electric, General Motors, Ford, AT&T, Verizon, Google, Apple, Exxon Mobil, and Chevron.
BlackRock's other large holdings include Microsoft, Johnson & Johnson, Amazon, Facebook, Berkshire Hathaway, Gilead Sciences, Pfizer, Procter & Gamble, Merck, Intel, Coca-Cola, Walt Disney Company, Home Depot, Philip Morris, VISA, McDonald's, Cisco Systems, PepsiCo, IBM, Oracle, Comcast, Lockheed Martin, MasterCard, Starbucks, Boeing, and ConocoPhillips, along with thousands of other, smaller brands.
But despite its size and influence, BlackRock remains virtually unregulated as an asset management firm. Unlike a bank, asset management firms do not manage and invest their own money, but do so on behalf of their many clients. In the case of BlackRock, those clients come in the form of banks, corporations, insurance companies, pension funds, sovereign wealth funds, central banks, and foundations. Gerald Davis, a professor of management and organization at the University of Michigan, described BlackRock as "the silent giant" that few know about, but which is "incredibly powerful."
The company's power is expressed not merely in terms of its equity (shareholdings) and bonds (debt ownership), but in its role as an adviser to governments and institutions. This role is not only played by certain divisions within the company, but by the co-founder and CEO of BlackRock itself, Larry Fink. The son of a shoe salesman and English professor, Laurence Fink started his finance career working for First Boston, trading bonds during the 1980s, and became the firm's youngest-ever managing director at the age of 31.
Fink Ascends to the Top
In 1988, Fink, along with a handful of other traders, founded BlackRock with support from its first financial backer, the private equity firm Blackstone (notice the similar name). Within five years, BlackRock had more than $20 billion under management. But in 1994, a conflict with Blackstone's Stephen Schwarzman led to a separation of the two companies. Schwarzman sold Blackstone's 32% share of BlackRock to a Pittsburgh bank, PNC, for $240 million, a transaction Schwarzman would later regret.
BlackRock went public in 1999 and began acquiring other companies throughout the 2000s. But the company's most profitable move was its purchase of Barclays Global Investors for $13.5 billion, turning BlackRock into the world's largest asset management firm overnight. This occurred in 2009, in the immediate aftermath of the global financial crisis, and the firm took on a vast portfolio of exchange-traded funds (ETFs) known as iShares.
But even before it earned the title of largest money manager in the world, BlackRock was raising eyebrows concerning its business advising and contracting with governments. When the financial crisis struck the U.S. in 2008, the U.S. Treasury and Federal Reserve turned to BlackRock and Larry Fink for support. BlackRock advised the government on the rescues, bailouts, and purchases of Bear Stearns, American International Group (AIG), Citigroup, Fannie Mae, and Freddie Mac.
Throughout the crisis, Fink would find himself on the phone multiple times a day in conversation with then-President of the New York Federal Reserve, Timothy Geithner; Treasury Secretary and the former CEO of Goldman Sachs, Hank Paulson; and Federal Reserve Chairman Ben Bernanke. Fink explained, "It gives comfort to our clients that we are being involved in some of the solutions of our economy, and it allows us to show our clients that we are being asked in these difficult situations to provide advice."
According to Vanity Fair, one of Fink's favorite phrases to insert into casual conversations is: "As I told Washington…" And it's something to be said without much exaggeration. When Timothy Geithner went from being President of the New York Fed to Secretary of the U.S. Treasury, Fink's access to the top echelons of political power grew immensely. Indeed, apart from other government officials, the BlackRock chief became "the Treasury secretary's most frequent corporate interlocutor and an emblem of BlackRock's growing influence in global financial affairs," noted the Financial Times.
Using data compiled from the Treasury Secretary's public records from 2009 to 2013, Geithner held phone calls or private meetings with Fink at least 104 times during the duration of his term. Even with Geithner's successor at Treasury, Jack Lew, pervasive contact has been maintained with Fink.
Enter Hillary's Right-Hand Woman
In 2013, BlackRock hired to its board of directors Cheryl Mills, a "longtime confidante and counselor to former secretary of state Hillary Rodham Clinton." Mills was chief of staff to Clinton at the State Department, and was "among the inner circle of advisers helping Clinton chart her plans for the future." Mills has a long history with both Clintons; she was one of President Bill Clinton's top attorneys during his impeachment. A former aide with knowledge of the Clinton–Mills relationship explained, "There are no secrets… Cheryl knows everything, and that's a great equalizer for them." In an interview with The Washington Post, Mills explained that she still advises and speaks with Hillary regularly.
As Hillary Clinton campaigns for the Democratic presidential nomination, her discussions of Wall Street regulations focus almost exclusively on banks – but nowhere does she mention the role played by asset management firms like BlackRock. In fact, in her comments on the subject, Clinton actually tends to parrot the ideas that have been put forward by Fink himself. For instance, after Clinton gave a speech on Wall Street reform, The New York Times noted that it seemed as if "she could have been channeling Laurence D. Fink."
For years, Fink has been touted as a possible Treasury Secretary, the likelihood of which may increase if Clinton becomes president. Indeed, Fink, a longtime Democrat, would be perfectly suited to such a position as the "top consigliere" of Wall Street in Washington, Suzanna Andrews writes in Vanity Fair, "and the leading member of the country's financial oligarchy."
And of course it helps that Fink and BlackRock are not simply influential within the U.S., but across the globe. BlackRock has been hired as a consultant and adviser in Europe multiple times throughout the European debt crisis, having worked with the Irish central bank, the Greek central bank, and more recently the European Central Bank to advise on its quantitative easing program.
With $4.5 trillion in assets under management, the firm is without a doubt "one of, if not the, most influential financial institutions in the world," noted a BlackRock co-founder. And Larry Fink, the architect of "his own Wall Street empire," could become a household name in U.S. politics soon enough.
Cheryl Mills and BlackIvy
July 10, 2016 | August 12, 2016 | August 24, 2016
More on Cheryl Mills, the Clinton aide turned shady businesswoman
After her departure from the State Department, Mills was allowed to keep her clearance level to access classified information. Clinton requested that the Mills be allowed to keep her clearance, despite her leaving to found the BlackIvy Group. Presumably it was to gain information to help her business and delete emails that may tarnish the Clinton name; most likely the ones pertaining to the Clinton Foundation.
BlackIvy has been under fire for a multitude of reasons; this article will explains why (it has been said before):
BlackIvy is also under an extreme amount of fire for proposing a 23-cent minimum wage in Ghana, despite all the founders and CEOs calling for a 15-dollar minimum wage in the U.S. Here is another article explaining that, and the actual PowerPoint used to attract businesses to Africa:
Clinton Confidant Pushing "Slave Labor" in Africa
Another fun fact about Cheryl: she is also on the board of directors of the Clinton Foundation. She helped defend Bill in 1999 and has been a retainer goon for Hillary since then.
Mills is terrible at business, and still uses her clearance to make money, similar to insider trading.
Also, here is an article about the Tanzania port authorities trying to shut down BlackIvy; it is behind a paywall:
Clinton Foundation COO called the State Department about "our boss"
A review of State Department call logs for Cheryl Mills, the longtime Clinton confidant who served as chief of staff for the entirety of Clinton's four-year tenure as America's top diplomat, reflects at least 148 messages from Laura Graham – then the Clinton Foundation's chief operating officer – between 2010 and 2012. No other individual or non-profit appears in the logs with anything like that frequency or volume, the review found.
One of the messages Graham left for Mills, in August 2011, referenced "our boss" – without further identifying that individual. Another, from January 2012, appeared to reference former President Clinton, using his initials: "Please call. WJC is looking for her [Graham] and she wants to talk to you before she talks to him.
Found something about a deposition she gave some time ago; it is quite long:
Bryan Pagliano was Hillary's personal IT guy during Hillary's SOS term. He had an immunity agreement so that he could participate in a probe. His deposition is indefinitely postponed thanks to judge Emmet Sullivan. Pagliano also loves to plead the 5th a lot.
^ is also the judge presiding over the FOIA case for the emails.