If there was one sentiment to take away from this year’s American Securitization Forum conference in Las Vegas last month, it was that the investment banking securitization community is in complete denial.
While lists were being passed around for recently unemployed delegates to sign, and headhunters’ cards placed on every chair, panellists seemed to be applauding themselves on how securitization is alive and well. If only the media would be less pessimistic, and those darn ratings agencies would sort their act out, the credit crunch would be over immediately.
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