X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-This recession will likely take longer to bounce back from than the savings and loan debacle in the 1980s, says Mark Grinis, a partner in Ernst & Young’s Assurance and Advisory Business Services practices. Grinis was interviewed for GlobeSt.TV by Real Estate Forum managing editor Danielle Douglas, in a video interview that can be accessed here.

“Everyone’s trying to find the parallel,” he said. “What can we look to in history?” This downturn could take longer, Grinis said, but the good news is that the banks and the government might look at a longer term solution that they did during the financial crisis just over 20 years ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.