Public interest journalism blog ProPublica interviewed R&R's Sylvain Raynes regarding reports that AIG has sold off dozens of subsidiaries in order to repay the $85 billion it owes American taxpayers. "There's nothing wrong with private transactions between consenting adults," Raynes said, "But when the government...
Bloomberg quotes R&R's Sylvain Raynes on Morgan Stanley's plans to repackage a downgraded collateralized debt obligation into new securities with AA ratings, the first transaction of its kind: "A lot of banks and insurers 'cannot buy anything but AAA,' said Sylvain Raynes, a principal at R&R...
"If everybody is playing by the same set of rules, whether you are talking about loan origination or securitization, then it becomes very hard to game the system. The lack of definitions is a huge problem… If the Congress, the SEC and the FASB, and...
Bloomberg commentator David Reilly quotes R&R's Ann Rutledge on the next target for regulators in mending the financial crisis: the "shadow banking system" of non-bank lending markets. Rutledge calls for "an exchange-like setting to provide the sort of standardization and rules that help trading of stocks...
The revealing and esthetically pleasing chart that R&R's Ann Rutledge produced to illustrate asset-backed bond default rates is featured by Felix Salmon in his Reuters blog. Reflecting the value of analyzing the past in dealing with the future, Ann's presentation on the development of the...
R&R's Ann Rutledge discusses how flawed securitization set off the economic crisis in the cover story of the current issue of National Journal Magazine:"Until the early part of this decade, Rutledge says, most of the blueprints for building structured securities were imperfect but honest. Sometime...
"'Banks can pay bonuses without eroding capital if they were funded from profitable trades that were settled through financing provided by the government to AIG,' said Sylvain Raynes, a derivative consultant in New York and author of The Analysis of Structured Securities."Read the full article:...
The March 20 edition of The Wall Street Journal quotes R&R's Ann Rutledge calling for rating agencies to develop new ways to rate debt as they benefit from the government's bailout program:"[Rating agencies] are still paid for their ratings by the companies whose bonds they...
R&R's Sylvain Raynes was interviewed by Joe Soucheray on station KSTP in St. Paul, Minnesota, on March 18, for his views on the AIG bailout. Listen to the podcast on KSTP's Web site. Sylvain Raynes's part of the discussion comes about three-quarters of the way...
"The system was undermined by asking the American people, under the veil of secrecy, to bail out one company when in fact they wanted to bail out someone else," said Sylvain R. Raynes, an authority in structured finance and a founder of R & R...