Expect[ed] Loss

As an alternative to relying overly on ratings produced by credit rating agencies, several ratings reform proposals offer the usage of bond ...

The civil suit filed by the Securities and Exchange Commission against Goldman Sachs revolves around a combination of three patterns we have...

In good times anything is possible . Second class managers can raise capital for new funds; corporate debt managers suddenly become experts...

In 2009 we discussed in great depth many of the risks relating to both CDO structures and to their underlying securities. We'll continue...

Asset-Backed Alert has been kind enough to allow us to republish their one article from this morning's edition. It brings to the fore v...

Looking back at the years from the late 1990s to, really, 2006, the escalation of securitization acted as a vehicle for tremendous growth in...

Expect[ed] Loss Readers, We'll be moving our future blogs on rating agency reform and regulation to a new site: http://ratingsreform.wor...

Friday’s Asset-Backed Alert describes the (mildly fascinating) behind-the-scenes activities of Marathon CLO I, a 2005-vintage CLO managed b...

Wells Fargo is cursing the day it agreed to act as trustee on the Tropic and the Soloso TruPS CDO series... For those not following, TPG fou...

The outlook continues to be bleak for trust preferred securities CDOs (TruPS CDOs). Not only does the FDIC continue to seize bank after bank...