Worst yet to come from credit, real estate crunch


	Worst yet to come from credit, real estate crunch

sunstreak509

6-26-2008 12:09 PM

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tags:

economy, finance, credit

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/60163f48-9b1d-490c-9d48-b20dd9110823/7492DC93-7758-477D-942F-088CDA33F702/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/story.aspx?guid={D69A0674-8918-4163-B193-0C56A0AF0E20}&siteid=rss" href="http://www.marketwatch.com/news/story/story.aspx?guid={D69A0674-8918-4163-B193-0C56A0AF0E20}&siteid=rss" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid={D69A0674-8918-4163-B193-0C56A0AF0E20}&siteid=rss"><B>BOSTON (MarketWatch) -- Talcott Franklin, co-author of the "Mortgage & Asset Backed Securities Litigation Handbook," says that the credit crisis and real estate bubble has barely scratched the surface and will get much worse before there's any improvement. </B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid={D69A0674-8918-4163-B193-0C56A0AF0E20}&siteid=rss"><DIV class="p">
            In a radio interview with Chuck Jaffe, MarketWatch senior columnist, Franklin said the current situation is "the Mount Everest of housing bubbles," and noted that recovery from the last big real-estate bubble -- caused by the savings and loan crisis of the 1980s -- took 10 to 14 years. This one may take even longer, he said.
        </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/7492DC93-7758-477D-942F-088CDA33F702/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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