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Mark Zandi on the Risky Loans Behind the Meltdown

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Uploaded by on Oct 14, 2008

Days before the government stepped in to rescue Fannie Mae and Freddie Mac, Knowledge@Wharton chatted with Mark Zandi, the chief economist and cofounder of what is now Moody's Economy.com, about his new book, Financial Shock: A 360-Degree Look at the Subprime Mortgage Explosion, and How to Avoid the Next Financial Crisis.

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  • It amazes me how Mr. Zandi can easily say it was the wild wild west and how he had no idea that the lending practices had got so bad. I was under the impression that his company (Moodys)was one of the big rating agent for all these MBSs.

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