"The worst is yet to come," said Michael Ehrlich, a finance professor in NJIT’s School of Management. Ehrlich, who specializes in market failure, predicts $30-$50 billion more in losses, due to Structured Investment Vehicles (SIV). The SIV rescue attempt will not stop the losses, Ehrlich said. >>

Michael Ehrlich, a finance professor in the School of Management at NJIT, isn’t concerned about the current crisis in sub-prime mortgages. The former Wall Street managing director, who has had first-hand experience with stock market roller coasters, predicts that the Federal Reserve will respond to the crisis by injecting liquidity. >>