Well that depends on who you are.  As an investor it can continue to affect the ability to borrow money and make cash-flow deals.  As banks reduce the risk on loans the borrowers have to make up for that by contributing more capital to a deal.  The banks also call for higher terms and more upfront fees.  But aren’t we kind of getting used to this way of banking.  As an end user, it may affect the cost of the loan slightly but not as much as we could think.  As business owners and home buyers continue to want to own their own place, banks will always have a need for this business.  I have yet to have a good business owner fail to finance a reasonable space, as long as they are willing to have some skin in the deal.  Homeowners with decent credit and a couple percents of cash are not having a problem either.  Its the myth that “no loans” are being made.  The truth of the matter is, good loans will always be made to good borrowers.  Unfortunately, the days of no liability and no money to buy a loan are gone.  But is that really that bad?