Category Archives: Ann Rutledge

Rope-a-Dope Securitization Economics: Part I

The high road of securitization is forward-looking. It promotes economic growth and rewards superior asset quality. Securitization is alive and doing well in grass-roots economies. But maybe you have not come to our blog to read about the high road of securitization. Maybe you have come looking for a map to lead you off the […]

Also posted in Curmudgeon, Federal Reserve Bank, Fitch, Moody's Investors Service, Rating Agencies, Securities Exchange Commission, Standard and Poor's, fraud | Leave a comment

"You won’t know who to trust." (from Sneakers)

In early 2004, we were asked to join a professional support team to help a new equipment lessor get financing through the structured market. The premise of the deal, the team, and our role in it, were not new. The endgame, to get a monoline insurance company to wrap the senior tranches so as to […]

Also posted in Curmudgeon, credit scores, equipment lease securitization, monoline, risk measurement, science, statistics, structured securities | Leave a comment

Are We Feeling Enough Pain Yet?

So, structured ratings are not good indicators of secondary market value, and market prices are not working their usual magic. Why are we surprised? More importantly, how do we want the sector-wide securitization crisis of confidence to turn out? Do we secretly desire a return to financial feudalism? Because, unless we step up and take ownership […]

Also posted in Curmudgeon | Leave a comment
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