Ten years after

Will we still be talking about the mortgage meltdown and housing slump in 2018?

It may no longer be a hot topic of conversation, but analysts at JP Morgan say the credit crunch will affect the structure of financial markets and pricing "for at least a decade," Reuters reports.

Not only has the turmoil in financial markets made investors more risk averse, but because the Fed has been forced to extend credit to to investment banks, more regulation of what some have called the shadow banking system is inevitable.

"This looks like a recession caused by financial markets, which clearly policy makers are not going to take kindly to ... There will be a lot of follow-up," JP Morgan analyst Jan Loeys tell Reuters.

The Bush administration has acknowledged that an overhaul of financial regulatory system will take place on the next president's watch.

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