R&R Consulting principal Sylvain Raynes is quoted in a McClatchy Newspapers report revealing further details of the Fed’s controversial bailout of AIG. The January 7 report says that in the weeks before Timothy Geithner’s confirmation as treasury secretary, his underlings at the Federal Reserve Bank of New York directed American International Group (AIG) to delay […]
“Is the financial system stable enough yet to fix itself?” In a Fortune article exploring this question, R&R’s Sylvain Raynes sees the prospect of a CIT Group bankruptcy as a new beginning. “There is still value in CIT that can be picked out if the company files for bankruptcy,” says Raynes. “In that scenario, it […]
Public interest journalism blog ProPublica interviewed R&R’s Sylvain Raynes regarding reports that AIG has sold off dozens of subsidiaries in order to repay the $85 billion it owes American taxpayers. “There’s nothing wrong with private transactions between consenting adults,” Raynes said, “But when the government is involved, everything changes.” Raynes noted that the lack of […]
By admin | Published:
June 25, 2009
A review of Contagion: The Financial Epidemic That Is Sweeping the Global Economy…And How To Protect Yourself From It, by John R. Talbott
John Talbott has established a well-deserved reputation as a financial soothsayer, enjoying an incredible run of spot-on predictions. He called the imminent bust of the dot-com bubble in 1999, and in 2003 he authored […]
By admin | Published:
May 8, 2009
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 credit crisis is also recommended on the Zero Hedge blog.
Commenting on […]
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 giveaways.
Toasters! Sylvain paid $5 for ours — used — twenty years […]
By admin | Published:
March 25, 2009
“‘Banks can pay bonuses without eroding capital if they were funded from profitable trades that were settled through financing provided by the government to AIG,’ said Sylvain Raynes, a derivative consultant in New York and author of The Analysis of Structured Securities.”
Read the full article: “Treasury Preserves Bank Payday with AIG Rescue Cash,” by Mark Pittman […]
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At this very moment, throughout this great land of ours, ordinary people dwelling far away from the chaotic nonsense known as Wall Street are probably wondering how so much money could be wasted by so few people — people who, in fact, live in another country. And when the very same people appear to be […]
By admin | Published:
March 20, 2009
The March 20 edition of The Wall Street Journal quotes R&R’s Ann Rutledge calling for rating agencies to develop new ways to rate debt as they benefit from the government’s bailout program:
“[Rating agencies] are still paid for their ratings by the companies whose bonds they rate, a potential conflict of interest. And much-anticipated competition for the […]
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By admin | Published:
March 19, 2009
R&R’s Sylvain Raynes was interviewed by Joe Soucheray on station KSTP in St. Paul, Minnesota, on March 18, for his views on the AIG bailout. Listen to the podcast on KSTP’s Web site. Sylvain Raynes’s part of the discussion comes about three-quarters of the way through the program.
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