Securitization Forum Held in Vegas

The Fifth Annual Conference of the American Securitization Forum was held this week in Las Vegas, and the New York Times headline may say it all: Creators of Credit Crisis Revel in Las Vegas.  Countrywide Financial, poster child for the collapse of the mortgage industry, hosted a Super Bowl party, there was a gala dinner hosted by a bond trader, and a golf outing.  Meanwhile, there were panel discussions on topics like "Transparency, Valuation and Rebuilding Investor Confidence."  Good luck with that.