Although the recession may have ended in the third quarter of 2009, a number of threats to the recovery continue to loom. Some believe that one of these is the stagnation of the securitization market. As the Financial Times reported last year, "Securitized markets - which financed more than half of all credit in the United States in the years immediately preceding the crisis - are essential for the U.S. economy. Without a recovery in these markets, the flow of credit will not return to more normal levels, even if U.S. banks overcome their problems."
