Here’s the deal on Mark Zandi….unfortunately, he has the ears of Barney Frank, Dodd, and now Obama. For the last three or four years, just about every time congress held a hearing regarding the housing industry, Zandi testified. As an economist/academic, Zandi predicted the bubble would burst, but as with so many academics, his solutions to the problem involve government intervention rather than free market solutions. Zandi has been been one of the leading proponents of artificially reducing supply using moratoriums and bailouts in the hopes of inflating prices.
