Chidem Kurdas
A broker does a repurchase transaction with a hedge fund. Mortgage-backed securities are the collateral. The fund get short-term financing; the broker holds the securities. This market broke down in 2008 and never recovered to pre-crisis levels. What happened? (more…)
Tags:Edward Altman, Gary Gorton, John Paulson
Posted in collateralized debt obligation, Credit, Repos, Structured debt, Uncategorized | Leave a Comment »
Chidem Kurdas
The latest research on credit markets was presented this week at New York University’s business school. The conference was held at the appropriately named Paulson Auditorium—as in hedge fund manager John Paulson, graduate of ’78, who gave the school $20 million of the several billions he made betting against the housing bubble.
Tags:BarclayHedge, Edward Altman, John Paulson, New York University Stern Business School, Sol Waksman
Posted in Credit, Economic Forecast, Fraud investigation, Real Estate, SEC, Volatility | 1 Comment »
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