Creators of Credit Crisis Revel in Las Vegas

Sat, Feb 9, 2008 (1:02 p.m.)

The occasion was, officially, the 5th annual conference of the American Securitization Forum, a celebration of the financial wizardry that supposedly turns risky mortgages and other loans into gilt-edged securities but, as Mr. Devaney belatedly discovered, does not always make them safe.

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