Board members bolt from securitization association A majority of members on the American Securitization Forum's board of directors recently resigned after they were unable to fire the group's executive director, according to Bloomberg News. Citing anonymous sources, the news service reported that the board was unhappy with the leadership of Executive Director Tom Deutsch, but was unable to fire him because of the way the New York City-based group's governing documents were written. Part of the dispute concerns bonuses that Deutsch was paid. The resignations leave the future of the organization in doubt given the members who quit represented industry giants such as JPMorgan… Read More