Opacity in a Time of Transparency: Assessing Financial Conduits

[ Reader Note: Allow me to introduce a guest writer: Keith Allman. Formerly in the quantitative analytics group at MBIA and the principal financial group at Citi, Keith now runs the training and consulting firm Enstruct . He literally wrote the book on modeling structured finance cash flows. Recently he wrote his second book and is now planning a third. With all the talk of increased financial regulation, Keith wrote a post about one corner of the structured finance world he hopes w