Items Tagged with 'Red Herring'


  • It’s the Mortgage, Stupid

    I don’t know about you, but I found the announcement, last week, that the Federal Deposit Insurance Corp. (FDIC) had approved a notice of proposed rulemaking (NPR) regarding safe harbor protection for bank-issued ABS, really depressing.
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  • ABS Disclosure Debate Is a Whale of a Red Herring

    One of the reasons I write for HousingWire is to bring the data-based insights of asset-backed research into the public babelogue over the causes and cures of the financial crisis. A chore I thought was needful, as it appears to me—from media coverage, loads of testimony delivered to Congress, and pontifications of elected representatives and government officials—that everyone blames securitization in whole or part, but few are circulating facts. By and large, they haven’t got a clue.
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  • NPR Offers Remedial MBS Analysis for Regulators

    I'm going all the way to the end of my limb to say, as often as possible, in as many different ways as I can, that I believe the Federal Deposit Insurance Corp. (FDIC) and the Securities and Exchange Commission (SEC) are misleading themselves and the American public by insisting that asset-backed securitization will resume if only they rewrite the current rules for disclosure. The enhancements they are calling for substantially exist already, and to call for them anew disingenuously implies that they don't.
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