Author Archives: R&R Consulting

STRUCTURED FINANCE CREDIT RATINGS

By R&R Consulting | Published: May 26, 2011

Joint Obligation Ratings in Consumer ABS Thomas Adams, Ann Rutledge and Sylvain Raynes Current rating agency practices do not appear to factor into the ratings of insured consumer asset-backed securities (ABS) the effects of correlation between an insurer default and a transaction default.  As a result, the rating agencies assign lower ratings to insured bonds ... Read more

Posted in Ann Rutledge, Structured Finance/Securitization, Sylvain Raynes | Leave a comment

Rutledge and Raynes Comment on Financial Crisis Inquiry Commission Revelations

By R&R Consulting | Published: January 28, 2011

The New York Times and Huffington Post quote R&R Consulting principals Sylvain Raynes and Ann Rutledge on the report of the Financial Crisis Inquiry Commission released on January 27. Among the report’s revelations is the finding that some $2.9 billion from the taxpayer rescue of American International Group ended up covering speculative trading by Goldman ... Read more

Posted in Ann Rutledge, Bailout, Credit Crisis, Sylvain Raynes | 1 Comment

Raynes on S&P Mess-up: Who’s Getting Fired?

By R&R Consulting | Published: December 16, 2010

R&R Consulting principal Sylvain Raynes welcomes Standard and Poor’s admission that it incorrectly analyzed 1,196 securities tied to U.S. residential mortgages, but wonders if anyone at the company will bear the consequences. Read the full article by Jody Shenn, “S&P May Reduce 1,196 Securities Tied to Residential Mortgages After Errors,” Bloomberg, December 15, 2010.

Posted in Credit Crisis, Sylvain Raynes | Leave a comment

R&R’s Rutledge Sheds Light on Obscure Bailout Vehicle

By R&R Consulting | Published: December 11, 2010

The Wall Street Journal interviews R&R Consulting principal Ann Rutledge about how the Federal Reserve’s bailout of troubled firms made use of an obscure investment vehicle that had been closed out of the commercial-paper market long before the program was launched. Read the full story by Serena Ng and Liz Rappaport, “How Fed Crisis Aid ... Read more

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R&R’s Raynes: Fed ‘Weaseled Out’ of Its Duty to Taxpayers

By R&R Consulting | Published: December 2, 2010

Bloomberg quotes R&R Consulting principal Sylvain Raynes regarding news that the Federal Reserve withheld details on individual securities pledged as collateral by recipients of the $885 billion federal bailout.  Read the full story by Caroline Salas and Matthew Leising, “Federal Reserve Withholds Collateral Data, Denying Taxpayers Gauge of Risk,” Bloomberg, December 2, 2010.

Posted in Credit Crisis, Sylvain Raynes | Leave a comment

R&R’s Raynes on ABS Financing for Indie Films

By R&R Consulting | Published: November 17, 2010

Business News Network’s SqueezePlay interviews R&R Consulting principal Sylvain Raynes on the use of asset-backed commercial paper to finance independent film productions. Watch the full interview, “ABCP for Indie Films?”, BNN, November 16, 2010.

Posted in Film Finance, Sylvain Raynes | 1 Comment

R&R’s Raynes on NY Fed’s ‘Unusual Position’ re Bailout Funds

By R&R Consulting | Published: October 21, 2010

Do the Federal Reserve Bank of New York’s attempts to recover taxpayer funds used in the financial crisis bailout betray its mission to ensure the stability of the financial system? R&R Consulting principal Sylvain Raynes weighs in. Read the full article by Caroline Salas and Jody Shenn, “New York Fed Faces ‘Inherent Conflict’ in Mortgage ... Read more

Posted in Bailout, Credit Crisis, Sylvain Raynes | Leave a comment

WaPo Quotes R&R’s Rutledge on Foreclosure Logjam

By R&R Consulting | Published: October 15, 2010

R&R Consulting principal Ann Rutledge is among the experts quoted in a Washington Post article on the ramifications of flawed paperwork that has brought foreclosures to a standstill nationwide. Read the full article by Ariana Eunjung Cha and Jia Lynn Yang, “Lack of proper mortgage paper trail could leave big banks reeling again,” Washington Post, ... Read more

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Rutledge in NYT: SEC Proposal Will Close Loopholes

By R&R Consulting | Published: September 4, 2010

The New York Times interviews R&R Consulting principal Ann Rutledge about the Security and Exchange Commission’s proposal to tighten rules as a means of restoring trust to the asset-backed securities market. Read her assessment of the prospects for meaningful reform in Gretchen Morgenson’s September 4 article, “BB? AAA? Disclosure Tells Us More.”

Posted in Ann Rutledge, CRAs, Reform, Risk Management, Risk Measurement, Structured Finance/Securitization | Tagged , , , | Leave a comment

Raynes: Which Side of Bear Stearns Hedge was Fed On?

By R&R Consulting | Published: July 4, 2010

R&R Consulting principal Sylvain Raynes challenges the government’s claim that it purchased “investment grade” assets in its 2008 rescue of Bear Stearns. Read the full story by Caroline Salas, Craig Torres and Shannon D. Harrington, “Fed Made Taxpayers Unwitting Junk-Bond Buyers,” Bloomberg, July 1, 2010.

Posted in Credit Crisis, Sylvain Raynes | Leave a comment

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