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Wednesday, November 28, 2012

Fink Chats With Charlie Rose

News summary by MFWire's editors

For a guy who says he isn't campaigning for a cabinet-job in the Obama administration, Larry Fink certainly is spending a lot of time in front of TV cameras.

Yesterday the BlackRock [profile] CEO sat down with Charlie Rose on CBS This Morning to talk about the U.S. economy, the fiscal cliff, entitlement reform, and other pressing issues. [video.

In a six-minute discussion, Fink sounded very much like a potential Treasury Secretary as he expounded on the short- and long-term potential of the U.S. economy and its recovery from the financial crisis.

"The only thing between [us and] a great, successful economy is this fiscal cliff, which could be a rather large destabilizer of the economy over the next two years," he said. "If we fall over the cliff we'll go into a recession, I can say that with total certainty. We're seeing behavior changes by the CEOs, they're holding back hiring, they're holding back spending at the moment."

Fink's wisdom awaits you at the link to the video.  

Edited by: Chris Cumming

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