More than 2,500 securitization professionals gathered at the J.W. Marriott Desert Ridge Resort & Spa in Phoenix for the ABS West summit last week. Bankers, lawyers, investors, rating agency officials, trustees and accountants discussed some of the recent trends and pressing issues in the market (at least when they were not playing golf or enjoying the nightlife). Managing Editor Scott Goodwin attended.
What is a bank really buying when it pays for a former prime minister to be a special adviser? Do they really give advice, and just how special can it be?
