The impact of the subprime crisis has been broad and deep on Wall Street. The consequent economic losses and personnel layoffs (which, as of this date, may be far from complete) seem to be worse than at any other time over the last 25 years - at least in so far as it has impacted the structured finance sector of the market.
Notwithstanding this debacle, financing opportunities remain viable in certain select niche areas. One of these areas relate to financings backed by intellectual property assets: copyrights, trademarks and patents. This is, at a minimum, encouraging as we approach the tenth anniversary of the first and most heralded deal in the area - the David Bowie music royalty financing.