Thursday, October 1, 2009

Nothing to see here...

From Bloomberg:

Oct. 1 (Bloomberg) -- Larry Fink, chairman and chief executive officer of BlackRock Inc., said he’s “not worried” about commercial-mortgage defaults because financial companies are aware of problem loans and can resolve them.
Low interest rates give banks the flexibility to restructure mortgages, he said in a CNBC interview from the asset-management firm’s New York headquarters.

For you non-Gaels, Cardhu translates into Black Rock.

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