The last six months have brought American finance to the edge of the abyss. Mortals who, not so long ago, had seemingly achieved demiurge deal-making status are now experiencing their Götterdammerung. A single question now poses and imposes itself: what will the next six months...

So, structured ratings are not good indicators of secondary market value, and market prices are not working their usual magic. Why are we surprised? More importantly, how do we want the sector-wide securitization crisis of confidence to turn out? Do we secretly desire a return...

R&R Consulting will launch a CDS of ABS valuation engine, CDSMetrics. This includes CDS contracts written on individual tranches of RBMS transactions. CDSMetrics is a web-enabled application successfully used by hedge fund clients of R&R to value CDS of RMBS contracts. CDSMetrics uses a loss distribution...

Ever wonder what it'd be like to steer a portfolio through today's turbulent credit market? Now you can! "The Accidental Trader", an online game developed by New York-based structured finance consultancy R&R Consulting simulates the real-life experience of a risk manager managing the credit risks of...

By Aaron L. Task | Editor at Large @ thestreet,com | 8/23/2007 10:53 AM EDT As the carcasses of subprime mortgage-backed securities lie rotting on Wall Street, the buzzards are circling heretofore untouchable prey: the rating agencies. Critics say the ratings industry was too late in downgrading...

The Analysis of Structured Securities is a much needed text book covering an important and growing segment of capital markets. The authors combine rich institutional knowledge with illustrative examples that make the topic especially accessible. For the more technically inclined there are chapters that address...