5min chapter

Moody's Talks - Inside Economics cover image

Klein on Threats to the Global Financial System

Moody's Talks - Inside Economics

CHAPTER

Do You Know What Fannie and Freddie's Capitalization Was?

Mark O'Mara: I don't know what will cause the next financial crisis, but I'm absolutely certain it will not be US prime mortgages. He says there is a fundamental mispricing of an asset and leverage that can trigger crises. "You have bubbles, but not crises if you have one of the two," he says.

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