Sullivan & Cromwell LLP managing partner Rodgin Cohen says that one of the myths of the Great Recession is that the abolition of Glass-Steagall was responsible for the financial crisis. Cohen says the origin of the financial crisis was actually unregulated mortgage bankers and brokers. See the video below or
download it at iTunes. - Maria Woehr
Whether a lender modifies a loan will depend on such factors as credit, regulatory, accounting and legal considerations in connection with a potential debt modification.
