R&R Consulting and its principals make regular appearances in the major media. Following is a selection of recent articles.
Caroline Salas, Craig Torres and Shannon D. Harrington, “Fed Made Taxpayers Unwitting Junk-Bond Buyers,” Bloomberg, July 1, 2010
Greg Gordon, “Goldman admits it had bigger role in AIG deals,” McClatchy News, June 29, 2010
Karen Brettell, “Franken bill unlikely to make ratings more reliable,” Reuters, May 14, 2010
“Were Rating Agencies Duped?” Business News Network Squeezeplay, May 13, 2010
Vanessa Drucker, “Second Rate,” FundStrategy, May 6, 2010
“Interview with Sylvain Raynes, principal of R&R Consulting,” Quantnetwork, April 25, 2010
Alan Chernoff, “The other economic culprit,” CNN, April 30, 2010.
Alistair Barr, “Out of Thin Air: Synthetic CDOs, at the center of Goldman suit, inflated the credit bubble,” MarketWatch, April 26, 2010
Peter Cohan, “Behind the $4 Trillion in CDOs: Sneaky Banks and Worthless Ratings,” Daily Finance, April 26, 2010
“« Le grand déballage ne fait que commencer »,” Les Echos, April 20, 2010
Pierre De Gasquet, “Comment la « machine à bulles » est entrée dans la tourmente,” Les Echos, April 19, 2010
Greg Gordon, “SEC’s Goldman charges could be just the beginning,” McClatchy Newspapers, April 16, 2010
Barrie McKenna, “Goldman Fraud Charges Cast Shadow over Wall Street,” CTV News, April 17, 2010
Kevin G. Hall and Greg Gordon, “Goldman under scrutiny for its role in Greece’s fiscal woes,” McClatchy Newspapers, February 25, 2010
“Banks Bet Greece Defaults on Debt They Helped Hide,” New York Times Dealbook, February 25, 2010
Christian Toto, “Sleeper Material?”, Boxoffice.com, February 25, 2010
Sharon Kahn, “Why Risking a Lower Credit Rating Can Make Good Strategic Sense,” Corporate Board Member, February 2010
Greg Gordon, “Goldman’s Chief Gets Bonus of $9 Million in Stock,” in McClatchy Newspapers, February 5, 2010
Geraldine Fabrikant, “In Bonds, a Balance of Risks and Yields,”
The New York Times, January 9, 2010
Greg Gordon, “Fed delayed disclosure of controversial AIG payout,” McClatchy Newspapers, January 7, 2009
Greg Gordon, “Details of one Goldman deal reveal lopsided conflicts,” McClatchy Newspapers, December 30, 2009
Gretchen Morgenson and Louise Story, “Banks Bundled Bad Debt, Bet Against It and Won,” The New York Times, December 24, 2009
Ann Rutledge, “Mandating ‘Skin in the Game’ is Reinventing the Wheel,” American Banker, November 30, 2009
Ann Rutledge, “The Paradox of Securitization,” Policy Innovations (Carnegie Council), October 19, 2009
Kevin G. Hall, “How Moody’s sold its ratings — and sold out investors,” McClatchy Newspapers, October 18, 2009
Gretchen Morgenson, “When Bond Ratings Get Stale,” The New York Times, October 10, 2009
Michael Hirsh, “Financial Ratings Agencies Worse than Useless,”
Newsweek, October 1, 2009
Kate Benner, “Can CIT end the bailout mentality?”, Fortune, July 20, 2009
Karen Brettell, “Help needed to reduce reliance on credit ratings,” Reuters, July 16, 2009
Sharon Coutts, “Details of Some AIG Sales Kept From Public,” ProPublica, July 15, 2009
“Morgan Stanley Plans to Turn Downgraded Loan CDO Into AAA Bonds,” Bloomberg, July 8, 2009
“Back to Basis for Securitization and Structured Credit: Interview With Ann Rutledge,” Institutional Risk Analyst, June 22, 2009
Christian Toto, “Summer Staying Power,” Boxoffice.com, May 15, 2009
Jerome S. Fons, “Shedding Light on Subprime RMBS,” The Journal of Structured Finance, Spring 2009
Christian Toto, “Summer Staying Power,” Boxoffice.com, May 15, 2009
David Reilly, “Shadow-Banking System Next Up for De-Stressing,” Bloomberg, May 8, 2009
Felix Salmon, “Chart of the day: Credit convexity (ultrawonky), Reuters Blogs, May 6, 2009
Arianna Huffington, “My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and Future,” Huffington Post, April 20, 2009
Corine Hegland, “Why the Financial System Collapsed,” National Journal Magazine, April 11, 2009
Mark Pittman and Christine Harper, “Treasury Preserves Bank Payday with AIG Rescue Cash,” Bloomberg, March 24, 2009
Serena Ng and Liz Rappaport, “Raters See Windfall in Bailout Program,” The Wall Street Journal, March 20, 2009
Gretchen Morgenson, “AIG Bailout Priorities Are in Critics’ Cross Hairs,” The New York Times, March 18, 2009
Mark Gregory, BBC World Service, March 5, 2009, transcript posted in “The Real Villains: The Rating Agencies,” Jessica Cheam, From the Ground Up, April 17, 2009
“House of Cards,” CNBC Special Report by David Faber (Ann Rutledge interviewed), February 13, 2009
Gretchen Morgenson, “Time to Unravel the Knot of Credit-Default Swaps,” The New York Times, January 25, 2009
“Debt Watchdogs: Tamed or Caught Napping?” Gretchen Morgenson, The New York Times, December 7, 2008
“SEC’s long-anticipated crackdown on bond raters a dud, say critics,” Neil Roland, Financial Week, December 5, 2008
“Fed Risks ‘Spitting in the Wind’ With New Aid Pledges,” Craig Torres and Scott Lanman, Bloomberg, November 26, 2008
“When junk was gold,” Sam Jones, Financial Times, October 17, 2008
“Homeowners Ask: Hey, Washington, a Little Help?”, Stephen Gandel, Time, October 16, 2008
“If bailout plan won’t unclog mess, what will?” Gail Marks Jarvis, Chicago Tribune, September 24, 2008
“Bernanke Signals U.S. Should Pay More for Bad Debt,” Craig Torres and Kathleen Hays, Bloomberg, September 23, 2008
“Tunisian Co. Preps $150 Mln Film Securitization,” Total Securitization, September 15, 2008
“Merrill Lynch Sells Off Mortgage-backed Securities,” Eva Woo, Caijing, July 30, 2008
“Prophets of the credit crisis,” Katie Benner, Fortune, July 11, 2008
“SEC’s effort to ease reliance on credit raters is limited by host of other government rules,” Neil Roland, Financial Week, July 3, 2008
“Moody’s Says Workers Rated Some Securities Incorrectly,” Vikas Bajaj, The New York Times, July 2, 2008
“Credit Market’s Recovery Grinds to a Halt,” Eva Woo, Caijing, June 6, 2008
“Issuers, ratings agencies too close for comfort,” Janet Whitman, Financial Post, June 14, 2008
“Smaller raters cry foul over SEC’s proposed disclosure requirements,” Neil Roland, Financial Week, June 27, 2008
“NHK Special” interview, aired in Japan on June 23, 2008, and in the U.S. on July 6, 2008
“New Debt Products Test Moody’s Methods,” Aaron Lucchetti and Kara Scannell, The Wall Street Journal, May 22, 2008
“The Man Who Would Save the Economy,” Paul Kix, Boston Magazine, February 2008
“Citizens at eye of storm over state investment pool,” Julie Patel, South Florida Sun-Sentinel, January 13, 2008
“Credit ratings fueled subprime boom,” Kathleen M. Howley, Bloomberg, December 27, 2007
“Wall Street Wizardry Amplified Credit Crisis,” Carrick Mollencamp and Serena Ng, The Wall Street Journal, December 27, 2007
“Bond Insurers Appear Shaky As Credit Climate Worsens,” Randall Smith and Serena Ng, The Wall Street Journal, August 10, 2007