The subprime contagion has already forced several of the nation's largest home lenders into bankruptcy, but a banking attorney specializing in the mortgage industry says the carnage is far from over.
"This isn't the last of it," said Kal Das, head of the global bank and institutional finance and restructuring practice group at law firm Seward & Kissel, in a telephone interview. "Many more mortgage lenders will go down in the coming months."
A long time ago, a high school friend's new years resolution was to bring back the phrase "duh" and "no-duh".
This definitely falls in the "no-duh" category.
