BlackRock's Fink Warns Housing More "Unsound" Now Than During Last Bubble

Submitted by Tyler Durden on 05/21/2014

More than half a decade after the collapse, and with talking heads proclaiming the recovery as strong as ever and the Fed remarking on the housing market's foundational pillar to that recovery, BlackRock's CEO Larry Fink has a few words of warning for the exuberant -

the US housing market is "structurally more unsound" today that before the last financial crisis. As the data comes in weaker and weaker, despite hopes for a post-weather bounce, the fact that the US housing market is "more dependent on Fannie and Freddie than we were before the crisis," is a problem for the US taxpayer and - unlike Mel Watt's 'free credit for everyone' approach to expanding the GSE's role, Fink says with strong underwriting standards, ownership of affordable homes can again become a foundation for American families. So Watt's easy 'Subprime 2.0' or Fink's hard 'American Dream'.   http://www.zerohedge.com/news/2014-05-21/blackrocks-fink-warns-housing-more-unsound-now-during-last-bubble

[sidebar:  STRONG UNDERWRITING STANDARDS ... right.

Gotta give the CRIMINALS' CREDIT (play on word and pun intended).  BLACKROCK WALL STREET.  There is only WALL STREET$' GLOBAL RICO.  Please.

In the 1980s, after the SAVING$ & LOAN CRIMINAL FRAUD, the game was made far too E-A-S-Y.

STRONG UNDERWRITING STANDARD$?!  O.K. Then, let the standard be challenged that was used already.

Began with applications that could not have any white out and no correction tape.  The application had carbon paper and then, there had to be CREDIT REPORTS that were accessed and the REPORTS weren't as they got to be:  FRAUD.

There isn't but FRAUD now and the FRAUD has to be dealt with.

SOVEREIGN MONEY.  We must face this CRIME AGAINST AMERICANS' or we continue to listen to the WALL STREET DESK DRAWER CORPORATIONS:  BLACKROCK, and never get to be grown-ups like China, Russia, Iran, Et Al.

We stay the VASSAL for the STATE OF ISRAEL and the JURISPRUDENCE is the biggest fatted calf, and I told you so.

Gotta read between the liars' lying lies, blinded in the Crimes of Fraud.  Owning human flesh is a trade so delicious that, can't tell the PEOPLE that, CREDIT DEBT ISN'T MONEY ITS'  CRIMINAL FRAUD.

But, we'll get those underwriting standards to fit exactly how many slaves of digital criminal fraud IT takes to own world earth, at long last.

China and Russia came to America as partners.  Beginning early on, when Nixon was President the deals of shadow one world gulag began.

FEDERAL U.S. CREDIT was extended to both China and Russia.  AND, to the foreign nationals of China and Russia and the MIDDLE EAST, citizens to live here in the United States of America.  All were in on the "New World Order".  BUT, America and Europe and Israel, Et Al (House of Saud, et al), thought the S.M.A.R.T. was more clever than the old Silk Road IT traders and exchangers.

AMERICANS not invested in this "NWO" are basically disposable commodities, unless the reality of true power awakens US in time ..  

1.  UNWIND UNLAWFUL FORECLOSURES & ALL FORECLOSURES HAVE BEEN UNLAWFUL / UNCONSTITUTIONAL

2.  'CREDIT' WAS SOLD AS DEBT ISN'T SOVEREIGN MONEY

3.  USA IS A SOVEREIGN MONEY 'STATE'


... to be continued ...]