Backup from Larry Fink

Watch  this two-and-a-half-minute interview with Blackrock’s Larry Fink.

He discusses how single obligor ratings are OK, and that multiple obligor measurements need to be fixed.

He also points out that the NAIC is seeking its own solution to the multiple obligor problem.

Thanks for the backup, Larry!

Viewpoints: Fink on Real Estate Sector – WSJ.com, November 11, 2009