Most of the action in last week's asset-backed market took the form of management re-organization, as several group heads, traders and researchers suddenly switched firms - a great musical chairs happened (see stories on page 1).

Highlights: Jorge Calderon and Philip Weingord left Credit Suisse First Boston for Deutsche Bank AG, and James Titus left Donaldson, Lufkin & Jenrette for GMAC.

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