Well, if this isn’t a bullish sign for securitisation… | FT Alphaville

Well, if this isn’t a bullish sign for securitisation…

Via Bloomberg:

The American Securitization Forum, the leading trade association for the securitization industry, fell into turmoil last week when most of the board resigned in a dispute with the group’s executive director over governance and bonuses, according to six people familiar with the matter. …

The resignations came after the board attempted to remove the forum’s executive director Tom Deutsch, but was unable to fire him because of the way the association’s governing documents are written, said the people.

So! High correlations and flimsy docs: plus ça change, etc…