Ten years after the mortgage meltdown
By: Myles, April 17th, 2008
Here is somthing to ponder. Is it possiblle. Will we still be talking about the mortgage meltdown and housing slump in 2018?
According to Matt Carter in his Inman Blog the answer is YES.
He highlights how analysts at JP Morgan say the credit crunch will affect the structure of financial markets and pricing for at least a decade, Reuters reports.
Not only has the turmoil in financial markets made investors more risk averse, but because the Fed has been forced to extend credit to investment banks, more regulation of what some have called the shadow banking system is inevitable.
The Bush administration has acknowledged that an overhaul of financial regulatory system will take place on the next president’s watch.
Tags: Mortgage meltdown
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