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...
R&R's Ann Rutledge contributes to "House of Cards," David Faber's definitive report on how a subprime credit crunch turned into what may be the most severe worldwide economic crisis in a century.The program, initially aired on CNBC on February 12, will be repeated over the...
An editorial by Sylvain Raynes and Phillip L. Zweig urges the Obama administration to end the credit crisis through a valuation process acknowledging that the intrinsic value of a security may be substantially greater than what a buyer is willing to pay for it in...
An article by Anousha Sakoui and Nicole Bullock in Financial Times entitled "Liquidation risk grows as DIP finance dries up" is one more piece of evidence that hybrid systems don't work. I'm referring here to the two corporate bankruptcy systems the U.S. has put in place:...
Step 1:For God's sake, relax! Everyone is so uptight right now that we can't even think. We will only get out of this mess by thinking, not by reacting prematurely with adolescent measures and childish pronouncements. Step 2:Suspend all further Treasury loans to Wall Street...
Recently the Financial Economists Roundtable (FER) posted a summary of their thinking in July 2008 on Reforming the Role of Statistical Rating Organizations [SROs] in the Securitization Process. The FER is a group of senior financial economists who advance the study of finance and frame...
"The mistaken notion that Moody's was a company like any other, that was very fundamental," said Sylvain Raynes, a former Moody's analyst who is co-founder of R&R Consulting, a firm that helps investors gauge debt risks. "It is not just a profit-maximization entity like Exxon...
The Securities and Exchange Commission's long-awaited new rules for bond rating agencies will do little to alter the practices that helped lead to the financial crisis, experts claimed…. "The market has barely taken note of the SEC action because its impact is so limited," said...
My recent post on the sorry state of financial engineering seems to have touched a raw nerve in the FE community. I will not attempt to respond to anonymous comments since the US Constitution gives every citizen the right to look his accusers in the eye....