Here’s a quick lesson in economics: If there’s no supply and no demand, then there’s no work.
That’s what some structured finance lawyers are quickly learning from the subprime mortgage meltdown.
Here's a quick lesson in economics: If there's no supply and no demand, then there's no work. That's what some structured finance lawyers are quickly learning from the subprime mortgage meltdown. "The subprime market has been directly hit, and those deals are not being done," said Mark Levie, the structured finance lawyer who heads Orrick, Herrington & Sutcliffe's transactional department.
September 06, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Here’s a quick lesson in economics: If there’s no supply and no demand, then there’s no work.
That’s what some structured finance lawyers are quickly learning from the subprime mortgage meltdown.
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