A lot of talk centered around the securitization market this week, from former Federal Reserve chairman Alan Greenspan's gloomy remarks about the sector, to a midweek summit that attracted more than 900 industry delegates. What spoke volumes, however, was the uptick in securitization activity from various asset classes, including a small mortgage transaction from Yale.

Leading into the week, securitization professionals heard the former Fed chairman compare ABS with "cocaine"; draw parallels between the ABCP market and the savings and loan disaster of the late 1980s; and practically predict the disappearance of the CDO market (see story, page 20).

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