Blackstone CEO: ‘Regrettably’ the Numbers Justify Fitch’s U.S. Downgrade

QUICK Blackstone CEO Steve ░░░░░░░░ weighing in on the ░░░░░░░░ Rating Agency s downgrade ░░░░░░░░ U S long term ░░░░░░░░ After comments from investors ░░░░░░░░ Warren Buffett this week ░░░░░░░░ CEO Jamie Dimon private ░░░░░░░░ pioneer Schwarzman shared his ░░░░░░░░ on the downgrade in ░░░░░░░░ Squawk Box exclusive SCHWARZMAN ░░░░░░░░ nobody expected it That ░░░░░░░░ the first Secondly the ░░░░░░░░ justify it regrettably You ░░░░░░░░ we ve had an ░░░░░░░░ of debt since the ░░░░░░░░ financial crisis and we ░░░░░░░░ t appear to have ░░░░░░░░ lot of discipline going ░░░░░░░░ We re running huge ░░░░░░░░ now So on the ░░░░░░░░ you can understand why ░░░░░░░░ did it On the ░░░░░░░░ hand as Jamie said ░░░░░░░░ Jamie is always opinionated ░░░░░░░░ must say the U ░░░░░░░░ is the U S ░░░░░░░░ are the reserve currency ░░░░░░░░ do defend a large ░░░░░░░░ of the world including ░░░░░░░░ who have AAAs And ░░░░░░░░ there s a crisis ░░░░░░░░ the world they buy ░░░░░░░░ securities Now that doesn ░░░░░░░░ last forever if you ░░░░░░░░ t keep some discipline.”