Jamshid Damooei, PhD
General Outline of The Presentation
Sub-prime Mortgage Loans
What does it mean and how did it come about?
Scale of the problem
Extent of the problem in the months or years ahead
Financial Markets and Economic Stability & Growth
The place and the role of financial markets within a macro-economy
Expansion of credits and economic stability
The misconception about credit
Unbacked lending and economic instability
Role of Federal Reserve System
What to Look for in the Months or Years Ahead
The pressure of a soft/recessionary economy and near future of Real Estate.
Is there anything to be learned for the future (Policy issues)?