Investors, Issuers Howl Over Plans to Change Asset Backed Securities Ratings (No Sympathy Here)

Do you remember the Ford Pinto? The 1970s car had a nasty tendency to explode into flames in rear end collisions ... (in terms of credit exposure) between ABS and other rated instruments. In case you have any doubts ... are dynamic, and companies can and do take action to forestall credit downgrades (particularly below [more...]

Date: 2008-06-11 07:21:40

Blog posts (6) | Videos (2)
 

links for 2008-10-14

No Time to Waste . . . - The Big Picture Death rate 70 percent lower at top-rated hospitals - EurekAlert Wall Street's Nine Banking Families Fail ... Credit Default Swap fault-lines: Lessons from 2005 GM, Ford crisis - Vox EU Preserving Forests ... How to Repair What Ails Us - The Big Picture Why don’t we trust a stranger? Ties that bind - Vox EU [more...]

Date: 2008-10-14 07:06:00

Fed Predicts Economic Decline in 2009 Despite Obama

Minutes from the December 16th Federal Reserve meeting have been released and 2009 is not going to be a good year for you ... , and restrictive credit conditions were likely to continue to hinder household spending over the near term” ... rates to record low levels. U.S. auto-manufacturers suffer as Ford and GM report December sales down [more...]

Date: 2009-01-08 18:59:25

Why You Should Lock Up That Other $350 Billion

Immediately after GMAC became eligible for TARP money, GM reduced to zero the interest rate… on certain models ... "If you pay people trillions of dollars in response to a bad behavior (in this case, credit lenience ... cars are made in America by Americans for Americans, and Ford, which does not have the freedom [more...]

Date: 2009-01-14 13:49:26

Why you should lock up that other $350 billion

Immediately after GMAC became eligible for TARP money, GM reduced to zero the interest rate… on certain models ... "If you pay people trillions of dollars in response to a bad behavior (in this case, credit lenience ... cars are made in America by Americans for Americans, and Ford, which does not have the freedom [more...]

Date: 2009-01-13 22:04:50

Ford expects to avoid loans, surprise critics

Ford President and Chief Executive Officer Alan Mulally believes that critics and analysts are too pessimistic with predictions that Ford will ... that we don’t know where the bottom is yet.” Credit rating falls Indeed, Moody’s Ratings Service on Monday reduced Ford’s credit rating to Caa3 from Caa1 and predicted that 2009 industry sales will [more...]

Date: 2008-12-26 10:10:37

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