"What is to be done?" was the question to which speakers and delegates kept returning at the American Securitization Forum's annual conference in Las Vegas last month.
Six thousand market participants met for the event at which securitisation professionals pored over the failings that led to the liquidity crunch and how to put them right.
Immediate concern among delegates focused on the wave of adjustable-rate mortgages due to reset this year. Many fear these will cause a spike in foreclosures tha