"Much of the 'earning power that you are witnessing is coming from overseas, and secondly in the financial sector the reduction of loan loss reserves'"
Published: Wednesday, 15 Jun 2011 | 1:53 PM ET
By: Gennine Kelly
Web Producer, CNBC
Time is running out for the United States' fiscal problems to be fixed, said Robert Rodriguez, one of the mutual fund managers who correctly predicted the last two stock market crashes.
Congress and the U.S. presidents over the last decade "have been totally irresponsible in their spending," the principal and CEO of the $16 billion money management firm First Pacific Advisors told CNBC Wednesday.
Full story:
http://www.cnbc.com/id/43409151
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