Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: Securitization

  1. Wall Street Throws A Party But No Customers Show Up

    Imag­ine throw­ing a party for your best cus­tomers and none of them show up. What would you think about your future?

    Well, about a week ago at a Miami Beach asset-backed secu­ri­ties con­fer­ence, Wall Street pro­fes­sion­als invited their best insti­tu­tional bond cus­tomers to a cool South Beach party and almost no one showed up.

    Wall Street is loos­ing its rel­e­vance and becom­ing a dinosaur. Its busi­ness sim­ply can­not exist with­out cus­tomers. Unless it fun­da­men­tally reforms, and quickly, an entire gen­er­a­tion of bankers and finance pro­fes­sion­als will find that they are no longer rel­e­vant. [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Goldman Sachs, Merrill Lynch, Public Policy, REGULATION, Securitization
  2. Securitization Accounting Rules Are Changing

    Accoun­tants are chang­ing the rules gov­ern­ing most of the shadow bank­ing sys­tem and almost no one is notic­ing. About 10 days ago the Finan­cial Account­ing Stan­dards Board con­firmed that by year end “secu­ri­ti­za­tion account­ing” will be dif­fer­ent and the changes are likely to have a big­ger effect on finan­cial insti­tu­tions than mark to mar­ket account­ing. […] [read full story]

    Posted in: Accounting, economy, FAS 140, FIN 46, Finance, Public Policy, Securitization
  3. TALF Isn’t Working And Needs To Be Fixed" rel="bookmark">TALF Isn’t Working And Needs To Be Fixed

    TALF isn’t work­ing and needs to be fixed. It was sup­posed to repair the secu­ri­ti­za­tion and struc­tured finance bond mar­ket with $1 tril­lion of U.S. gov­ern­ment fund­ing, but instead TALF has been a non-event and an irrel­e­vant pro­gram. Appli­cants to the TALF pro­gram are hard to find and the secu­ri­ti­za­tion and struc­tured finance mar­ket remains […] [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Politics, Public Policy, Securitization, TALF
  4. This Week’s Las Vegas Capital Markets Conference Holds The Key To Restarting The Economy

      Start­ing Sun­day, the rem­nants of the secu­ri­ti­za­tion indus­try will be at the annual Amer­i­can Secu­ri­ti­za­tion Forum (“ASF”) Con­fer­ence in Las Vegas. Just as the secu­ri­ti­za­tion and secu­ri­ties indus­try led the nation into the cur­rent cri­sis, if the econ­omy is going to revive itself, this indus­try needs to lead the finan­cial sec­tor out of the […] [read full story]

    Posted in: BANKS, Credit Crisis, Economic Statistics, economy, Finance, Freddie Mac, Manufacturing, Obama, Politics, Public Policy, Securitization
  5. A Letter To President Elect Obama – How to restore confidence

    Dear Pres­i­dent Elect Obama: As you get closer to inau­gu­ra­tion I would like to make a few sug­ges­tions for your admin­is­tra­tion and its future eco­nomic pol­icy. Every­one knows that the econ­omy is in trou­ble and con­fi­dence in the future is low. Con­fi­dence in the United States eco­nomic sys­tem and gov­ern­ment is our nation’s most impor­tant asset. Unfor­tu­nately, […] [read full story]

    Posted in: Accounting, BANKS, Confidence, Credit Crisis, Credit Default Swaps, Deflation, economy, Fannie Mae, FAS 140, FASB, Finance, Fiscal Policy, Freddie Mac, Mark to market accounting, Obama, Politics, Public Policy, Regulatory Reform, SEC, Securitization
  6. I discovered a natural cure for low blood pressure – go to a securitization convention and try not to lose your mind

    Ear­lier this week I dis­cov­ered a nat­ural cure for low blood pres­sure when I attended a con­fer­ence for secu­ri­ti­za­tion and struc­tured finance pro­fes­sion­als. For those read­ers who have been in a coma for the last 15 months, it is the secu­ri­ti­za­tion and struc­tured finance pro­fes­sion­als who pimped the cap­i­tal mar­kets and destroyed the global econ­omy. […] [read full story]

    Posted in: CDO, CLO, Confidence, Credit Crisis, economy, Finance, Securitization