Larry Fink's Take

Berry, Kate; McGeer, Bonnie; Terris, Harry
November 2009
American Banker;11/12/2009, Vol. 174 Issue 205, p7
Trade Publication
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.


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