Book TV: Mark Zandi "Financial Shock"

[MondoMiami]

He's an idiot but he's handsome. I wouldn't mind looking over his balance sheet.

[whoo689]

This guy's a moron. He's a typical Keynesian big-gov't douche. "food stamps have a $1.74 stimulus effect" Lol, WHAT? So giving more to poor people to spend on food is somehow LESS stimulating for the economy than allowing private business to keep more of what it earns to reinvest it and increase profits? Is he not aware that about 50-60% of recessions are caused by business fluctuations? That's a basic Macro 101 fact right there.

[Juangui123]

The criminals from Moody's are in the center of the economic catastrophe. Rating agencies like them (and Standard and Poor's) rated Collateralized Debt Obligations (CDO) with AA or AAA ratings. The CDO looses account for at least 40 Trillion dollars. That's why AIG, Merrill Lynch and others are/were broke. These financial criminals rated toxic debt with good ratings, which -at the end- spread the misery into the world, selling fraudulent papers as good investment. This guy should be in jail.

[JimmyJimmington]

go outside

[ElectricSnakeHabits]

haha yeah in the Intro of his book he brings up the role of rating agencies like Moody's, but doesn't discuss it fully for concerns regarding credibility...

[pjacobo]

these videos need to be date-stamped