BlackRock’s Fink Says Looming US Shutdown Is Irrational, ‘Scary’
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BlackRock Inc.’s CEO Larry Fink slammed US politicians over their failure to reach agreement on government funding, saying the prospect of a shutdown is undermining America’s standing with investors.
“Can you imagine you go to your bank and say I’m not paying my mortgage, I mean that is what we’re doing,” Fink said at the Berlin Global Dialogue forum on Friday. “It’s irrational from my vantage point, it’s wrong from my vantage point.”