Mark Zandi on the Subprime Financial Shock

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Uploaded by on Sep 17, 2008

Mark Zandi, co-founder of Moody's economy.com and author of "Financial Shock" discusses the current financial crisis. Why it happened, the economic effects, and what lessons should be learned.

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

  • Actually, Zandi said "seemingly came from nowhere." Still, friends of mine and I had very bad feelings about the way things were going at least a year before they actually went down the tubes. None of us studied economics. We just could not see how the markets could possibly sustain their absurd momentum.

  • come from nowhere? Gee how much this idiot get paid to miss the shock that "came from nowhere".

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