November 13, 2008 / 1:32 PM / 11 years ago

BlackRock CEO says sees some healing in credit markets: report

(Reuters) - BlackRock Inc (BLK.N) CEO Fink said on Thursday “we are starting to see some healing in the credit markets,” in an interview on CNBC. Highlights:

Laurence Fink, Chairman and Chief Executive Officer of BlackRock, speaks during the Wall Street Journal Deals and Dealmakers conference, in New York, June 11, 2008. REUTERS/Chip East

* CEO Fink says starting to see foreigners coming back into the credit

markets

* CEO Fink says money market funds flows have been restored by government

actions

* CEO says may have seen a bottom in various credit mkts

* CEO Fink says new administration will need to create demand in housing by

making more affordable

* CEO Fink says stability in subprime, corporate credits

* CEO Fink says not certain government involvement in companies will have any

connectivity to equity markets

* CEO Fink says need to see lower interest rates for companies for equity

markets to improve

* CEO says U.S. needs mortgage plan like one used after world war 2

* CEO Fink says shock to system will reorient consumers toward a greater amount

of savings

* CEO Fink says ‘housing valuation is the foundation to our economy’

* CEO says U.S. first needs to stabilize housing

* CEO Fink says Tim Geithner or Larry Summers would be strong candidates for

Treasury secretary

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