BlackRock invested in Lehman offering, Fink tells CNBC

SAN FRANCISCO (MarketWatch) — BlackRock Inc. invested in Lehman Brothers’ equity
offering this week, Chief Executive Laurence Fink told CNBC on Wednesday. He
declined to say how much BlackRock invested in the brokerage firm. Fink said
Lehman is adequately structured to avoid a liquidity crisis like the one that
almost felled Bear Stearns in March. It’s time to start investing in the sector,
but investors remain worried about the balance sheets of Lehman and other
financial institutions and the possibility of more write-downs, Fink explained.
“The markets are looking at financial institutions and asking whether they have
taken the appropriate marks,” Fink added.

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