Word: financees
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"This plan is an important piece of the recovery, but it is by no means the solution," says Joseph Mason, a professor of finance at Louisiana State University and a senior fellow at the Wharton School.
Under TALF, the Fed will only finance AAA-rated ABS. Investors are not given an incentive to purchase the riskier tranches. The result is that securitizers would have to keep the riskier tranches on their own balance sheet. And, given banks recent experience with this approach, it is unlikely that...
In the uncertain world of stock markets, there are a few events so unambiguously frightening that they guarantee an instant crash. One is a terrorist attack on the world's biggest economy. Another is a global banking collapse. South Africa has a third trigger: the departure of Finance Minister Trevor...
But some finance experts think that by focusing the discussion on who pays for ratings, a much larger issue is missed entirely. Since the 1930s, regulators themselves have relied on the judgment of private ratings agencies - thus giving the companies exalted status and immunizing them from competition that might otherwise...
So some finance experts argue that the real answer to problems with ratings agencies is to get rid of the notion that an NRSRO sign-off is the gold standard. To literally delete it from regulations. In other words, to make finance firms and investment vehicles justify - either through their...