Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis
As seen onNBC's Meet the Press,CBS Sunday Morning,CNN's Your $$$$$,CNN's Issue #1, CNBC's Squawk Box, CNBC's Kudlow & Company andFox Business with Dagen McDowell"The obvious place to start is the financial crisis and the clearest guide to it that I’ve read isFinancial Shockby Mark Zandi. ... it is an impressively lucid guide to the big issues."--The New York Times"InFinancial Shock, Mr. Zandi provides a concise and lucid account of the economic, political and regulatory forces behind this binge."–The Wall Street Journal “Aggressive builders, greedy lenders, optimistic home buyers: Zandi succinctly dissects the mortgage mess from start to (one hopes) finish.”–U.S. News and World Report"A more detailed look at the crisis comes from economist Mark Zandi, co-founder of Moody's Economy.com. His "Financial Shock" delves deeply into the history of the mortgage market, the bad loans, the globalization of trashy subprime paper and how homebuilders ran amok. Zandi's analysis is eye-opening. ... he paints an impressive, more nuanced picture."--Kiplinger's Personal Finance Magazine