An article in the current issue of Corporate Board Member quotes R&R Consulting principals Sylvain Raynes and Ann Rutledge on the effects new corporate strategies can have on credit ratings. Read the full article by Sharon Kahn, "Why Risking a Lower Credit Rating Can Make...
Naked Capitalism's Yves Smith makes a compelling case for the need for structural reform. She is spot-on about the significance of disintermediation for the banking industry and the need to decouple risk. Her lament—"I see perilous little grappling with the problem that [Bank of England's...
The 2008 taxpayer bailout and a long string of corporate restructurings and downsizings have shifted risk from corporations to individuals. Most Americans were caught in a high-stakes Monopoly game where they didn't know the rules. Read the full article on the Carnegie Council website....
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...
It wasn't Dr. Krugman's hate-mail treatment of securitization that made my brain go tilt.(I say this even though we concur with Barry Ritholz’s reasoning in his blog article, "Paul Krugman is Wrong About Securitization." )What really got to me was the reference to toaster...
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...
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....