BlackRock President Rob Kapito told oil and gas executives on Tuesday that “entitled” Americans are about to deal with shortages of food and other goods, and should prepare accordingly. BlackRock, which manages $10 trillion in assets, has been accused of making home ownership unaffordable for millions of Americans.
“For the first time, this generation is going to go into a store and not be able to get what they want,” Kapito told a meeting of the Texas Independent Producers and Royalty Owners Association. “And we have a very entitled generation that has never had to sacrifice.” Continue reading “Big bank chief warns ‘entitled’ Americans of food shortages and inflation”
