Appeared on September 10, 2007
Joseph Mason, a finance professor at Drexel University, says it could be an uphill battle for investors to prove that financial institutions were negligent or committed fraud.Still, he agrees the housing market crisis could result in more lawsuits and a more severe financial impact than Enron and other market meltdowns. “There are so many more investors and there are so many more levels of investment exposure to the sector,” Mason said. “These are widely held investments.”