Expect[ed] Loss

The TruPS CDO market has shown renewed signs of life over the last six or so months, for the first time really since 2007. While the rating ...

Last Wednesday’s Financial Times hosted a scathing column by Luke Johnson, which questions the usefulness of economists, as a whole (see “ ...

“If Wall Street is bilking Main Street on such simple deals–basic trade execution-and yet the only way to recover is to sue, what real chanc...

Just how difficult is it to measure ratings performance, and how useful are the measures, really? There are certain difficulties we all know...

A section from their rating methodology piece "Moody’s Approach To Rating U.S. Bank Trust Preferred Security CDOs" describes its p...

Professor Allan Meltzer argues, in yesterday’s WSJ article BlackRock's 'Geeky Guys' Business , that BlackRock Solutions’s prici...

In the New York Times ' “ Needed: A Clearer Crystal Ball ” (Sunday Business pg. 4) professor Robert Shiller claims that if we sharpen ou...

Back in our December 2010 piece ( The Psychological Biases of Holding Downgraded Bonds ) we commented on what was to us a rather unusual tre...

Given the high correlation between security prices and their ratings, we wanted to follow up on some of our prior pieces that contemplated t...

The capacity for price manipulation or price inflation presents a major challenge for the market to overcome, especially in the illiquid ma...