Category Archives: subprime mortgage crisis

Raynes: Which Side of Bear Stearns Hedge was Fed On?

R&R Consulting principal Sylvain Raynes challenges the government’s claim that it purchased “investment grade” assets in its 2008 rescue of Bear Stearns. Read the full story by Caroline Salas, Craig Torres and Shannon D. Harrington, “Fed Made Taxpayers Unwitting Junk-Bond Buyers,” Bloomberg, July 1, 2010.

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Raynes: Goldman Must Have Known Condition of AIG Swaps

R&R Consulting principal Sylvain Raynes expresses skepticism toward Goldman Sach’s claims that it did not have full access to information on AIG’s finances in its proprietary trades with the troubled insurer in 2005 and 2006. Read the full story by Greg Gordon, “Goldman admits it had bigger role in AIG deals,” McClatchy News, June 29, 2010.

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R&R’s Raynes Weighs in on Banks vs Rating Agencies

Rating Agencies have borne much of the blame for the credit crisis, but now they’re fighting back with accusations that they were misled by the banks whose securities they rated. R&R Consulting principal Sylvain Raynes provides his insights on the controversy on Business News Network’s Squeezeplay.

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CNN Interviews R&R’s Raynes on Rating Agency Culpability

R&R Consulting principal Sylvain Raynes is among the experts interviewed by CNN’s Alan Chernoff for a feature on the role of rating agencies in the credit crisis.
Watch “The other economic culprit,” on CNN, April 30, 2010.

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Raynes: CDOs Are Nothing Without Analysis

MarketWatch interviews R&R Consulting principal Sylvain Raynes on the importance of informed analysis in marketing CDOs.
Read the full article by Alistair Barr: “Out of Thin Air: Synthetic CDOs, at the center of Goldman suit, inflated the credit bubble,” MarketWatch, April 26, 2010.

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R&R’s Rutledge on the Need for Objective Rating of CDOs

R&R Consulting principal Ann Rutledge is interviewed at length on the Daily Finance website about the need for drastic reforms to address shortcomings in the CDO market highlighted by the Goldman Sach Abacus case.
Read the full interview by Peter Cohan, “Behind the $4 Trillion in CDOs: Sneaky Banks and Worthless Ratings,” Daily Finance, April 26, 2010

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BNN Interviews Raynes on the Role of Rating Agencies in the Financial Crisis

As hearings on Capitol Hill explore the role rating agencies played in the financial crisis, Business News Network interviews R&R Consulting Principal Sylvain Raynes for his insights.
Watch the full interview on Squeezeplay.

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Malfeasance, Not Exuberance, Was the Crux of the Crisis

David Fiderer recently explored the deeper ramifications of the Goldman Sachs controversy in a hard-hitting essay on Huffington Post entitled John Paulson Defends His Toxic CDOs By Insulting Everyone’s Intelligence.” R&R Consulting’s Ann Rutledge solicits his further thoughts on the subject.
Ann Rutledge (AR): David, this is a painstaking reconstruction of the milestones of public awareness (or […]

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R&R’s Rutledge on the Cassandras of the Mortgage Industry

R&R Consulting principal Ann Rutledge is quoted in an Associated Press article about the role of short-sellers in the mortgage securities debacle.
Read the article by Bernard Condon, “Does Goldman case tarnish Cassandras of the crash?”, Associated Press, April 21, 2010.

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Raynes Comments on Goldman in Les Echos

R&R Consulting principal Sylvain Raynes comments on the Goldman Sachs controversy in the French weekly Les Echos.
Read the full article, “« Le grand déballage ne fait que commencer »,” Les Echos, April 20, 2010.
For an earlier article by Pierre De Gasquet, read “Comment la « machine à bulles » est entrée dans la tourmente,” Les Echos, April […]

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