It’s always a concern when bankers aren’t talking up their books. After all, in the midst of the mortgage blow-up, ABS bankers were still claiming that the securitization market was alive and kicking. But a tour of Wall Street executives this month (see After the crunch, THE BIG APPLE BITES BACK) revealed extremely muted enthusiasm about the amount of deals in equities and debt that have flooded the market this year. Conversely worrying was the lack of pessimism about the surprising amount of capital raises. Bankers without strong opinions...
