» Posted by Martin Weil on January 30, 2008

Central bankers believe that securitization is not coming back in any meaningful way in the foreseeable future, and banks will therefore have to roll up their sleeves and do old-fashioned lending in much greater volumes than before.

That may seem like a very bland statement, but it is tantamount to saying that a comet has wiped out most of the mammals and the dinosaurs will rise again.

Naked Capitalism examines structural changes in lending as a result of the credit meltdown, referencing John Dizard's article in the Financial Times

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