“If you wonder how it could be possible for a subprime mortgage loan to bring the global financial system and the U.S. economy to its knees, you should read this. “In Financial Shock, Mr. Zandi provides a concise and lucid account of the clearest guide to it that I’ve read is Financial Shock by Mark Zandi. The obvious place to start is the financial crisis and the clearest guide to it that I’ ve read is Financial Shock by Mark Zandi. it is an.

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James Nickel rated it liked it Jun 03, But also, in terms of the balance sheets of the institutions that are in our financial system. This book is not yet featured on Listopia.

‘Financial Shock’: Mark Zandi on the Risky Loans Behind the Meltdown

But lenders would require a pretty sizable down payment, and certainly proof of income and a stable job.

So, where, along that continuum, should the proper amount of regulation be? Overall, it is a must read book for those who want to know how does finance really works in a bigger picture Zandi provides a concise and lucid account of the economic, political, and regulatory forces behind this binge.

Footloose marked it as to-read May 06, This is one of them.


An overall really good book that will explain a lot of things whey economy crashed in Jeff rated it really liked it Apr 23, The author is blaming the crisis on greed, ignorance, bad regulations, and sure all that played a part, but he almost never talks about illegal actions of the bankers, conflict of interest, or in general he is putting some much emphasis on the randomness of markets that he is almost completely ignoring personal responsibility names of banks, persons etc.

Van Thyne rated it really liked it Nov 12, And they have to put that to work.

Sid rated it really liked it Sep 25, No one is better qualified to provide this insight and advice than Mark Zandi. Pj added it Sep 13, He has insightfully analyzed its causes and thoughtfully recommended steps to alleviate it. Stephanie A rated it it was amazing Dec 29, So it was xhock the wild, wild West, to a degree I did not know and could not have imagined.

So there, I think, is a good sort of fundamental explanation for it. And that provided a lot of liquidity.

‘Financial Shock’: Mark Zandi on the Risky Loans Behind the Meltdown – [email protected]

Adam Krynski marked it as to-read Apr 19, As the Regulatory Cycle Turns. Zandi’s analysis is eye-opening. All of us who did not take out crazy mortgages and see our home prices fall, or see our stocks fall, and that sort of thing.


Joy Rider marked it as to-read Nov 12, Sebastian rated it liked it May 30, Mark Zandi discusses the risky loans behind the meltdown. We talked about transparency in the trading of securities. Or is it just impossible to tell what risks are? Selected pages Title Page. Ben Mason added finanxial Dec 01, Clarissa rated it really liked it May 11, That the entire credit risk in the financial system is at least being monitored, so that everyone can see it, and we have something palpable that we can measure and have an understanding of what was the level of risk rising, and the level of risk falling.

My library Help Advanced Book Search. The subprime crisis created a gigantic financial catastrophe. And that goes to the global economy itself.

Yongqi Gan marked it as to-read Jun 13, And rating companies were in bed with Wall Street and lied about ratings because they were paid to say ratings are better they were. On the other side, there two problems that bugged me about this book.