Two former government officials who may now run President-elect Joe Biden’s national security team have been partners at a private equity firm now promising investors big profits off government business because of its ties to those officials, according to government documents reviewed by the Daily Poster.
Pine Island Capital Partners lists former Under Secretary of Defense Michele Flournoy and retired General Lloyd Austin as a partner in the firm, and lists former Deputy Secretary of State Antony Blinken as a partner on a leave of absence. Flournoy and Austin are reportedly among the leading candidates being considered for secretary of defense, and Blinken is Biden’s designated nominee for secretary of state. Pine Island’s chairman is John Thain, the former top executive at Merrill Lynch when the company paid out huge executive bonuses as it began to collapse during the financial crisis.
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