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Rating:BlackRock's Fink Throws His Hat into Obama's Ring Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, May 14, 2012

BlackRock's Fink Throws His Hat into Obama's Ring

News summary by MFWire's editors

BlackRock's [profile] top executive has come out for President Barack Obama. Larry Fink, BlackRock's chief executive officer, said Obama needs more than four years to help the country recover especially since he became president during "the worst financial crisis in our lifetimes", reports Bloomberg.

Fink said that on CNN's "Fareed Zakaria GPS" broadcast.

"And the fix is not four years. The fix is going to be longer than that, and so I support President Obama and I believe he is the right man for the next four years," Fink added.

"On the other hand, I would say very clearly, you need to create that engine of growth," Fink explained to Zakaria. "We need to make sure that those CEOs feel comfortable, not to buy back their shares, but to invest in that factory and create those jobs and those jobs create other jobs and we have the multiplier effect for new jobs.'"

According to data by Center for Responsive politics, Fink contributed to Obama's 2008 presidential campaign. 

Edited by: HFD

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