"There's some crap getting done," says David Jacob of S&P talking about recent vintages of...

|By:, SA News Editor

"There's some crap getting done," says David Jacob of S&P talking about recent vintages of CMBS, "it's surprising to me ... some of that could be happening." Another securitization vet says it's not as bad as the "ponzi finance" of 2006/07, but recommends close scrutiny of new deals.