The independence of collateral managers

“The real question throughout the subprime crisis was whether the collateral manager’s role was legit, or whether these firms lent their names and the appearance of objectivity to facilitate the sale of securities that were defective,” said Ann Rutledge, principal of structured-finance consulting firm R&R Consulting. See Serena Ng’s article in today’s WSJ, ‘Collateral Managers': Independent or ‘for hire’? http://on.wsj.com/ilRuvs.

Tags: , ,

Trackback from your site.

Leave a comment

theSpectrum

Smiley face

Latest Post:

Taylor Swift & Art Finance ExperimentsWhat is a song worth? Who creates the value: the songwriter, the singer, or the “star-maker machinery behind the popular song”? Perhaps all three, but how to divvy up the spoils equitably? Taylor Swift’s decision to withdraw from Spotify has become a flashpoint for such questions. In her Yahoo interview last week, Swift is quoted as saying […]

Click for all posts

Film Fund-amentals

Smiley face

Latest Post:

The Sony WreakThere is an old Hollywood joke about a studio called Miracle Pictures. The punchline is the company’s motto: “If it’s good, it’s a Miracle.” Sony can now change their name. As the fallout continues over the massive hack of data from Sony Pictures, the damage will reach levels that presumably will weaken – if not demolish […]

Click for all posts

R&R on China

Smiley face

Latest Post:

How to incubate “AAA” technology start-ups through debt securitization20140912075903-14738342-how-to-incubate-aaa-technology-start-ups-through-debt-securitization.htm

Click for all posts

R&R微博