Wall Street Is Already Psyched About Making Money Off of Egypt


Wall Street has been nervous about what Egypt’s revolution will mean for their investments. But one CEO helped put their mind at ease. At a meeting of 800 of Morgan Stanley’s top executives, Larry Fink, CEO of BlackRock, the world’s largest money manager, said he sees a three-year horizon for democratization. Fox Business paraphrased Fink’s basic sentiment as, “There are business opportunities there and that’s what this revolution shows.” Fink, an apparent social-networking fiend, also said something along the lines of, “Just as Facebook elected Barack Obama, Facebook basically caused this revolution.” Using a world historical event to ratchet up Facebook’s valuation. Look what democracy can bring you, Egypt! [Fox Business]