The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
Mark ZandiThe Tea Party was born out of the disgust many Americans felt early in the financial crisis upon learning that the federal government was even contemplating reducing the principal on some troubled mortgages.
Mark ZandiYes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Mark ZandiThere are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.
Mark ZandiThere is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren't among them.
Mark Zandi