They generate credit standards far tighter," told you James Wilcox, a Haas professor regarding financial institutions, at the Tuesday's discussion board

From the aftermath of latest stock market downturn, certain fiscal experts was caution your minutes you'll enchantment trouble to possess UC Berkeley youngsters trying personal bank loans.

This past day, buyers witnessed the largest you to-go out part lose regarding the inventory . The market shake-up placed into Wall structure Street's almost every other anxieties - the brand new bankruptcy proceeding out-of global money bank Lehman Brothers and also the marketing away from economic administration providers Merrill Lynch in order to Bank of The united states. "This might be demonstrably new terrible crisis financially there is viewed as Higher Depression," said Hayne Leland, a teacher out of loans and you will government on Haas University of Business, during a bank of America discussion board Monday. "It's really unprecedented."

When you're youngsters may not end up being people instant outcomes, financial specialists said the stock exchange anxiety will nonetheless affect youngsters, especially those seeking to finance and you will trying to get internships. Read more