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Mark Zandi Quote

The 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.

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The 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.

Tags: learning

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About Mark Zandi

Mark M. Zandi (born 1959) is an Iranian-American economist who is the chief economist of Moody's Analytics, where he directs economic research.
Zandi's research interests encompass macroeconomics, financial markets and public policy. He analyzes the economic impact of government spending policies and monetary policy response. A trusted advisor to policy makers, he has testified before Congress on the economic outlook, the nation's fiscal challenges, fiscal stimulus and financial regulatory reform. Zandi also publishes on mortgage finance reform and the determinants of foreclosure and personal bankruptcy. In 2005, he was one of the first economists to warn of an impending financial crisis that became the 2008 financial crisis.