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Credit Crunch Effects to be Felt for Years: BlackRock’s Fink 

Jun 13, 2008By

While the majority of the financial crisis tied to bad mortgages and esoteric debt structures may be waning, the effects of the crisis may be felt for years, according to remarks made earlier this week by BlackRock Inc. [stock BLK][/stock] CEO Larry Fink. Speaking at a conference sponsored by the Wall Street Journal, Fink suggested that banks may be restricted in their ability to lend capital according to a report published by Reuters on Wednesday.