Larry Fink, Chairman and CEO of Blackrock that manages $3.67 trillion assets, appears almost embarrassed at his colleagues on Bloomberg TV talking about "who won and who lost" in the "fiscal cliff" non-deal.
While his colleagues (Bloomberg columnists) yak-yak about Republicans as losers and Obama as winner getting "B" grade, Biden gaining more power etc., Mr. Fink says "Excuse me, but the biggest losers are American people."
1:40 into the clip, after a lively discussion of winners and losers on Capitol Hill and White House, Mr. Fink says:
I, I guess I wish we spent less time worrying about who's the winner and losers, because I think American population is the big loser in this... We have two more months of work in front of us to get something really sensible.... I am really afraid we're going to have the repeat of August 2011...
He doesn't manage the world-largest investment firm for nothing.