- Bloomberg
- Bill Gross, left, and Larry Fink at a similar event in 2011.
Two financial industry heavyweights weighed in on the battle in Washington, including the potential for a U.S. debt default. Their message: It’s just theatrics and the fighting will soon end — and of course the U.S. won’t default.
Bond king Bill Gross, who is Pimco’s co-chief investment officer, and BlackRock Inc.BLK +0.59% Chief Executive Larry Fink spoke late Thursday at an event moderated by CNBC anchor Brian Sullivan.
Here’s what Gross had to say on political theatrics and a potential default, according to a transcript from CNBC:
We are the reserve currency. Our central bank is the central bank’s banker. … And is there the possibility of a debt default, like I mentioned yesterday on your program? Really, no — you know, I think it’s basically theatrics.
Keep reading: Bill Gross, Larry Fink on U.S. default: Of course it won't happen – The Tell – MarketWatch.
