TITLE

Larry Fink's Take

AUTHOR(S)
Berry, Kate; McGeer, Bonnie; Terris, Harry
PUB. DATE
November 2009
SOURCE
American Banker;11/12/2009, Vol. 174 Issue 205, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents commentary from BlackRock Inc. chief executive Laurence Fink on causes of a subprime-mortgage crisis in the U.S. In Fink's view the crisis stemmed from efforts to increase home ownership in the absence of effective underwriting controls. Fink also said Fannie Mae and Freddie Mac present problems for which there is no immediate or painless solution.
ACCESSION #
45206031

 

Related Articles

  • Bubbles, Busts Are Doomed to Repeat. Pollock, Alex J. // American Banker;6/29/2011, Vol. 176 Issue 100, p8 

    The author comments on the global financial crisis that occurred from 2007-2009 and the lessons that people and governments may or may not have learned. Of particular note are the U.S. government-sponsored enterprises Fannie Mae and Freddie Mac and the financial losses that they suffered. The...

  • A failure to capitalist incentives. Dial, Michael // Canadian Student Review;Fall2011, p4 

    The article discusses how government economic regulations can aggravate financial crisis as serious as that of the recession in 2008. The author argues that capitalist model is not accountable for the economic crisis, rather, he took note of an opinion that distortions in incentives and price...

  • A New US Home Mortgage Structure for the 21st Century. Matthews, Warren; Driver, Robert // Journal of Applied Business & Economics;2014, Vol. 16 Issue 2, p93 

    Until the 1960s the Savings and Loan Associations (S&L) were able to fund most US home mortgages. Until 2008 Fannie Mae and Freddie Mac were able to fund most US mortgages without direct government financing. After the financial crisis of 2008, the American dream of homeownership is wounded but...

  • Congress Played Its Role in the Financial Crisis. Zuckerman, Mortimer B. // U.S. News Digital Weekly;4/30/2010, Vol. 2 Issue 17, p20 

    The author discusses the role of the U.S. Congress in the financial crisis. Derivatives, formerly known as "futures," were first established in 1865 as future contracts for corn and hogs. According to the author, derivatives are necessary for safeguarding stable trade and were a major factor in...

  • Securitization and Moral Hazard: Evidence from Credit Score Cutoff Rules. Bubb, Ryan; Kaufman, Alex // Research Review;Jul-Dec2011, Issue 16, p6 

    The article examines the rule-of-thumb theory for credit score cutoff rules to reveal the relationship between securitization and the screening practices of lenders in the U.S. which posed a moral hazard in the economy. The authors argue that the lenders adopted credit score cutoff rules...

  • Fannie Mae, Freddie Mac, and the Freedman's Savings Bank. Giedeman, Daniel // Review of Black Political Economy;Sep2011, Vol. 38 Issue 3, p205 

    The experiences of Fannie Mae and Freddie Mac during and prior to the Financial Crisis of 2007-09 call to mind the history of the Freedman's Savings and Trust Company, a prominent bank founded for the benefit of former slaves just after the Civil War. This paper notes similarities concerning the...

  • Making the Housing Market Work Again. Papagianis, Christopher; Gupta, Arpit // Policy Review;Feb/Mar2012, Issue 171, p3 

    The authors discuss the 2008 U.S. housing market crash, and explore possible solutions for its recovery. They examine factors that contributed to the housing market crisis, including a program in which the U.S. Federal Housing Administration (FHA) insured mortgages for less-than-perfect...

  • SURPRISE! THE BIG BAD BAILOUT IS PAYING OFF. Sloan, Allan; Burke, Doris; Newmyer, Tory // Fortune;7/25/2011, Vol. 164 Issue 2, p64 

    The article discusses the success of the U.S. government's bailout efforts in response to the global financial crisis of 2008-2009. Analysis by the publication indicates U.S. taxpayers will gain at least a $40 billion profit from the $14 trillion in federal interventions, and perhaps as much as...

  • Lawsuits Threaten Teflon Careers of GSE Alums. Horwitz, Jeff // American Banker;12/20/2011, Vol. 176 Issue 195, p6 

    The article reports on the efforts of the U.S. Securities & Exchange Commission to hold accountable the executives who oversaw the financial collapse of government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac during the global financial crisis which began in 2008. The SEC had...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics