Larry Fink, chairman and CEO of BlackRock, said he is concerned about programs from the Obama administration that might curb foreclosures but also hurt the mortgage-market recovery. "I am just very worried," Fink said. "How do we get a vibrant securitization market back when we are doing these things in the short run that are good for the banking system and good for the homeowner but not as good as it should be?"
Friday, September 18, 2009
BlackRock chief questions Obama's housing programs
Larry Fink, chairman and CEO of BlackRock, said he is concerned about programs from the Obama administration that might curb foreclosures but also hurt the mortgage-market recovery. "I am just very worried," Fink said. "How do we get a vibrant securitization market back when we are doing these things in the short run that are good for the banking system and good for the homeowner but not as good as it should be?"
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