BlackRock's Larry Fink helped popularize the same mortgage-backed securities that nearly poisoned the banking system. Now his firm is making millions cleaning up these toxic assets.
(Fortune Magazine) -- At 11 o'clock in the evening on Saturday, Sept. 13, Larry Fink was about to board a flight from New York to Singapore. The following Monday he was scheduled to meet with the managers of several Asian sovereign-wealth funds. For the head of BlackRock, one of the world's largest asset managers, this trip was a huge opportunity that could mean billions of dollars in new business.
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