Axios reported:
It's over. That's what Blackstone chairman, CEO and co-founder Steve Schwarzman — one of President Trump's most loyal allies — and other top Republicans are signaling to the defeated president, 16 days after Joe Biden clinched the win.
Schwarzman said in a statement to Axios that Biden won and it's time to move on.
Bloomberg added:
The Trump era has been wildly lucrative for pretty much anyone who’s been invested in markets. Schwarzman has seen his personal fortune roughly double to $20 billion.
Blackstone had the Blue Team covered with Executive Vice Chairman Tony James and President/COO Jon Gray.
Schwarzman's capitulation was greased by President Elect Biden's appointment of two private equity underwriters, Ron Klain (Revolution LLC) and Antony Blinken (Pine Island Capital).
In case a history rewrite is needed, Schwarzman's alter ego Mr. Stone served as close advisor to President Trump.
That frees up the real Schwarzman to profit handsomely under the Blue Team. Politicians Red and Blue love PEU.
