On the reduced volume of securitization.

• Author: Rees, Matthew
• Position: On the financial services industry

"So far most of the credit collapse in America has come from the demise of securitization. In 2007, for instance, $668 billion of non-traditional mortgages were securitized. Last year that figure dropped to $40 billion."

--The Economist, February 13

Matthew Rees is the...