Developing Affordable Housing Ecosystems World Wide
[Continued from the previous Part 2 and Part 1.]
So far, in exploring how failure to report leads to reporting failure, we’ve used this New York Times article about now-bankrupt New Century, its unlucky auditor, and its troubled but unmoving directors. By the end of 2006, when new CFO Tajvinder S. Bindra was quizzing his [...]
[Continued from yesterday's Part 1.]
In yesterday’s Part 1 on whether auditors in the subprime mess, in addition to the rating agencies, are culpable for bad information prepared by their clients the subprime loan originators, we looked at this New York Times article about unlucky auditor KMPG and its now-bankrupt client New Century:
At the [...]
If you can’t report the news on time, the news you eventually report is almost always bad. I formulated this theory in 1977, and it’s served me well ever since.
It was a time of tight jeans and floppy hair
As the subprime mess reaches saturation of troubled borrowers and dissipates into tardy omnibus rescue legislation [...]
At the Mortgage Bankers’ Commercial Real Estate Finance forum in early February, the commercial lenders bemoaned the capital markets’ interconnectedness, for the spike in spreads along the risk curve had escaped its subprime single-family boundaries and infected all forms of commercial finance, as illustrated by this nifty annotated time line from the MBA’s chief economist, [...]
[Continued from Part 1 and Part 2.]
Yesterday’s post deconstructing a Wall Street Journal article had reached the point of observing that securitization has made agency risk worse, because it has separated the value chain into separate discrete steps, each performed at different times by different people. That increases certain types of risk. As Mycroft Holmes [...]
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Oct | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
