Even with the U.S. Treasury making an aggressive attempt to revamp the country's financial system, market experts believe that there is not much chance of this happening in 2008.

Secretary of the Treasury Henry Paulson has laid out a three-stage plan to restructure the U.S. regulatory system, including increasing the supervision and regulatory reach of the Federal Reserve so that investment banks, mortgage lenders, insurance firms, etc. will be falling under the Fed's purview.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.