Quote:
Originally posted by bling trade
The plaintiff lawyers must be sharpening their knives. People have started to realize that securitization docs are poorly drafted, and full of ambiguities, contradictions, and circular references. Too many associates doing deals unsupervised.
http://www.ft.com/cms/s/0/a9099242-e...nclick_check=1
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People in the area have realized (or should have) this for some time. But the drafters of the forms hate to change them and hate even more if you tell them their definitions don't make sense.
