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:

Chang on Changing Economic DialogueWe can try to change the system, or we can try to change human psychology and behavior. For my money, attempting to change the system by substituting one vision for another is a better way to change the dialogue. Ha-Joon Chang is a Cambridge economics professor, Guardian columnist and influential critic of capitalism, on a mission to […]

Click for all posts

Film Fund-amentals

Smiley face

Latest Post:

Film EvolutionOne of the more “fun” aspects of evolution is its sheer unpredictability. Sure, mathematics and chaos theory provide some analytical parameters, but evolution is mostly wild and woolly. Which is something to keep in mind when reading recent news reports on the rapid changes taking place in film. A diverse ensemble of voices and messages can be heard […]

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