Anyone surprised here? So the guy who decided it was a great idea to peg the Swiss Franc to the sinking stone that is the Euro, and whose wife was accused of insider trading by front running that decision, finally received his reward from the crony capitalist financial oligarchs…a top position at BlackRock! He will be reporting directly to Chairman and CEO Larry Fink. You know, the guy that claimed “Markets like Totalitarian Governments” last year. Here’s the clip in case you missed it.
Swiss central bank chairman Philipp Hildebrand, who quit over a currency trading scandal, is to join BlackRock as vice chairman in October.
Hildebrand resigned from the Swiss National Bank (SNB) after his wife Kashya carried out a currency trade just weeks before he oversaw the introduction of a cap on the Swiss franc’s value.
The former Moore hedge fund manager was later found by a SNB commissioned audit not to have broken the central bank’s rules. (hahaha what rules!)
Read more here.