Comments on: The Answer is the Question, the Question of the Deal http://www.creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/ Bringing science back to financial engineering Tue, 07 Feb 2012 14:53:57 +0000 hourly 1 By: Sam http://www.creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/comment-page-1/#comment-63 Sam Thu, 01 Jan 2009 23:10:00 +0000 http://creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/#comment-63 Dr. Raynes,<br/><br/>Since you don't seem to care for MFEs, as someone interested in a career in finance, what graduate degree would you recommend (such as MBA in finance or Masters in finance)?<br/><br/>Thanks! Dr. Raynes,

Since you don’t seem to care for MFEs, as someone interested in a career in finance, what graduate degree would you recommend (such as MBA in finance or Masters in finance)?

Thanks!

]]> By: Sylvain Raynes http://www.creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/comment-page-1/#comment-62 Sylvain Raynes Mon, 29 Dec 2008 20:27:00 +0000 http://creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/#comment-62 Which bank is that Bob? Which bank is that Bob?

]]> By: Bob http://www.creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/comment-page-1/#comment-61 Bob Mon, 29 Dec 2008 17:19:00 +0000 http://creditspectrum.com/2008/12/the-answer-is-the-question-the-question-of-the-deal/#comment-61 Wouldn't you agree that it was not the excess of FE that caused the mess but of lack of it? That is, most of the infrastructre (including regulatory) was run by people who didn't have a clue of the risks embedded in sructured products? I work for a bank that knows a thing or two about multiname credit, and I like to think that the reason it's stills strong and standing is partly due to that. We certainly understand what the LLN means for the correlation on a CDO of ABS. I presume people in the RAs also knew this, but there other forces beyond their control.<br/><br/>As Bob Merton recently said, let's not dumb down the system to accommodate managers and regulators who don't have a clue. Wouldn’t you agree that it was not the excess of FE that caused the mess but of lack of it? That is, most of the infrastructre (including regulatory) was run by people who didn’t have a clue of the risks embedded in sructured products? I work for a bank that knows a thing or two about multiname credit, and I like to think that the reason it’s stills strong and standing is partly due to that. We certainly understand what the LLN means for the correlation on a CDO of ABS. I presume people in the RAs also knew this, but there other forces beyond their control.

As Bob Merton recently said, let’s not dumb down the system to accommodate managers and regulators who don’t have a clue.

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