Blackstone CEO Says Banker Bashing Risks Recovery

Bloomberg reports:

Banks may start to rein in lending, putting the economic recovery at risk, if politicians keep attacking them and regulatory uncertainty persists, Blackstone Group LP Chief Executive Officer Steven Schwarzman said.

“Financial institutions will feel under siege and they will retreat,” Schwarzman said in an interview with Bloomberg Television at the World Economic Forum in Davos, Switzerland. “Their entire world is being shaken and they’re being attacked personally,” he said. “We don’t need those financial institutions insecure.”