Reviving Securitization — A Response To Critics

Law360, New York (June 4, 2009, 12:00 AM EDT) -- A number of commentators have suggested recently that securitization was a significant cause of the current financial crisis and does not serve any useful role. We disagree.

Contrary to the view of these critics, securitization has been a boon to borrowers and investors of all kinds, all over the world, for over 30 years, providing tangible benefits to individuals in virtually every part of our society and economy. Not only is securitization not the central villain many would have us believe, but it will, of necessity,...
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