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Financial Shock: A 360° Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis by Mark Zandi

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Index

A

aaa investors, 209

Aaa-rating, 181

ABS CDO (asset-backed security collateralized debt obligation), 117

ABX, leverage, 124

accountability, 238-239

lack of, 3

acquisitions, home builders, 134

adjustable-rate mortgages, 16

alternative-A loans, 32

American Association of Residential Mortgage Regulators, 147

American Dream Downpayment Act, 151

American financial system, 111-114

responsibility, 126-127

appraisals, 17

ARMs (adjustable-rate mortgages), 16, 66-69

first-time home buyers, 54-55

interest-only ARMs, 38

option ARMs, 38

versus fixed-rate mortgages, 35-38

asset-backed conduits, 120

asset-backed security collateralized debt obligation (ABS CDO), 117

asset bubbles, controlling, 241-242

asset prices

consumer spending, effect of, 222-225 ...

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