Fabian Calvo: "If Rates go Up Housing Will Implode"

SIC SEMPER TYRANNIS!!!
February 7, 2013


http://usawatchdog.com/

Real  estate investor Fabian Calvo says, "The Fed realizes there needs to be a low rate environment for housing to recover or it's a huge implosion. They have thrown underwriting guidelines out the window. They are going to continue with no money down loans or very little equity." The Fed also knows that many big banks are technically insolvent. Calvo contends, "You have a lot of these zombie banks. If you mark-to-market their assets, they would be bankrupt." So, the Fed and the government will continue to print money to keep housing prices and the big banks from collapsing. Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Fabian Calvo from TheNoteHouse.us.


Show aired February 5, 2013