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...

We are the CDO makers, and we are the dreamers of dreams. Betting on lone loss triggers, and trading in eclectic teams. Spread losers and yield forsakers, for whom the pale bonus gleams. Yet we are the sole underwriters, of the deals, forever it seems! Fantasia on a Theme by William Blake All over...

...Under the new Term Asset-Backed Securities Loan Facility, the Treasury will use taxpayer funds to protect the Fed against the first $20 billion of losses, or 10 percent, of $200 billion in exposure to AAA rated securitized consumer debt."I am willing to believe that these...

It's probably fair to say that, at this very moment, many of you are looking for an easy resolution, something that would enable you to move on, to accept the unacceptable. You are wondering how the devil we got here, how we could possibly "lose"...

...Echoing some other experts, Ann Rutledge, a credit derivatives expert and founding principal of R&R Consulting, said she is not sure how badly the financial system would have been rocked if the government had let AIG file for bankruptcy protection. But she fears that the...