Posts Tagged ‘tranches’

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Written on 30 Sep, 2013 at 13:07

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Written on 23 Nov, 2010 at 12:24

Seventy percent of the U.S. economy is driven by consumer spending, which has been driven by borrowing over the last ten years. Even if we wanted to do so, we can't borrow our way back to prosperity this time... (Continue reading)

Tagged with: AIG AMBAC banker fruad BISTRO CDO CDS CNBC Collateralized debt obligations credit default swaps credit derivatives diana olick economic recovery FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke financial institutions foreclosure crisis Goldman Sachs Indymac bank jpmorgan chase Lehman Bros. loan modifications mandelman matters mandelmanU. martin andelman MBIAA michael lewis ml-implode morgan stanley mortgage-backed security NACA obama administration Secretary Tim Geithner synthetic CDOs TARP payments the big short tranches triple A rated bonds wall street fraud washington mutual

Bringing Up the Rear: Me, Martin Andelman

Written on 4 Aug, 2010 at 6:38

It's a credit crisis, a global financial crisis, a foreclosure crisis, an economic catastrophe, the total destruction of the secondary mortgage market, the end of pension plan investing and Wall Street's investment banks, and an ongoing example of why derivatives... (Continue reading)