While the sub-prime mortgage crisis may be nearing an end, it may be overly optimistic to think that the mortgage crisis as a whole is over. Many indicators indicate that sub-prime was just the first wave of a dramatically more perilous mortgage crisis.
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DietSmurf (93)
Krystal (20)
Monetary policy also has a 6 month lagging effect, so if we have another round of mortgage write-downs and bailouts, it may just be setting the stage for a currency-related crisis a few years down the road.
Hardly, the derivatives market is in the 100 trillion mark! We haven't even begun. http://www.moneyteachers.org/mortgages.htm