My Conversation with Pete Peterson

Pete Peterson, co-founder and senior chairman of
The Blackstone Group, will give $1 billion to his new
foundation, the Peter G. Peterson Foundation, to help
solve some of the country's biggest economic problems.
In my recent conversation with him, we also talked about
how he sees the current economic crisis, sovereign
wealth funds, and his relationship with Blackstone
co-founder and CEO, Steve Schwarzman.
Here is a part of that conversation: