With healthcare reform the hot topic of the day, R&R Consulting’s Sylvain Raynes was interviewed on David Webb’s Grinder Show to describe how the cybernetic approach to healthcare finance reform developed by R&R and Standard Medical Acceptance Corporation (SMA) could bring healthcare costs under control. Tune in on the interview on the October 4 edition of […]
R&R principal Sylvain Raynes, a former Moody’s executive, discusses the ongoing controversy over conflicts of interests at rating agencies on Bloomberg Television. Watch the September 30 interview on YouTube.
Also posted in Rating Agencies |
Newsweek quotes R&R Consulting’s Sylvain Raynes regarding recent testimony by a former Moody’s managing director before the House Committee on Oversight and Government Reform alleging that the rating agency was criminally deceiving investors by purportedly inflating ratings on securities even into the current year: “… another former Moody’s executive, Sylvain Raynes, while endorsing Kolchinsky’s critique, […]
Also posted in Rating Agencies |
Business bloger Yael Bizouati interviewed R&R’s Sylvain Raynes about former Moody’s analyst Eric Kolchinsky’s testimony on ratings-firm reform before the House Committee on Oversight and Government Reform. Raynes says Moody’s should be “put out of its misery” for its “pattern of fraud,” and describes a deal he witnessed that he considered fraudulent. Read “Moody’s Insider […]
“Sylvain Raynes is a principal with R&R Consulting, which values structured security deals. He says if the agencies don’t change their ratings often, it’ll be a sign something funny is happening. ‘If you see the ratings are not moving at all and yet you, by looking at this data, you can see trouble, you can […]
R&R Consulting’s Sylvain Raines comments on plans by veteran investigator Jules B. Kroll to create a new credit rating agency. Read the full article by Geraldine Fabrikant, “Corporate Sleuth Plans to Start Credit Rating Firm,” The New York Times, August 28, 2009.
Also posted in Rating Agencies |
Over the past few weeks of this summer of discontent, the search for sub-prime villains has grown ever more intense and sordid. Media-bound auto da fe has been set up to burn the most obviously flawed Wall Street personalities at the stake of incompetence, allegedly in order to renew the faith of the gullible populace […]
“Is the financial system stable enough yet to fix itself?” In a Fortune article exploring this question, R&R’s Sylvain Raynes sees the prospect of a CIT Group bankruptcy as a new beginning. “There is still value in CIT that can be picked out if the company files for bankruptcy,” says Raynes. “In that scenario, it […]
R&R principal Sylvain Raynes calls for the government to take the lead in weaning the financial markets off their reliance on rating agencies. Reuters reports, “The Obama administration has said it wants markets to reduce their reliance on ratings after Moody’s Investors Service, Standard & Poor’s and Fitch Ratings created a false confidence in risky […]
Also posted in Rating Agencies |
R&R’s Raynes Comments on Anniversary of Lehman Collapse
The Los Angeles Times quotes R&R Consulting’s Sylvain Raynes on the lessons learned — or not— in the financial industry one year after the collapse of Lehman Brothers. “[Raynes] became an early critic of the excesses in the so-called structured-finance market. Now, instead of creating the products, he helps investors analyze the complex securities they already […]