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Ratings Agencies Panic: New Financial Reform Bill Means Expert Liability
President Obama is expected to sign the new financial reform bill, known as the Dodd-Frank Act, by the end of this week. Although I have not read the actual text of the bill, I did read the Press...
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SECURITIZATION: How our society changed when we learned to turn lead into gold.
My people perish for lack of knowledge. Book of Hosea, Chapter 4, Verse 6 The idea of turning worthless metal into gold has fascinated man for thousands of years. The word itself, alchemy, is derived...
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Care to Guess How Many NEW Homes Sold Over $750,000 in June and July?
NOTE: This article ran for about 11 hours without the qualifier “NEW” in the headline. The Website, Global Economic Analysis, which published the answer to the headline question was not clear as to...
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An Insider’s View of an Actual RMBS Securitization at Mandelman U.
So, do you remember the article I posted the other day about accounting for a pool of loans and how values are based on assumptions about the performance of the pool into the future? It was really...
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