For the bargain basement price of $400.00 you can read Standard & Poor’s thinly veiled mea culpa and distill from their “super new not old at all” methodology that Junior “AAA” tranches of defaulted, mortgage backed CDOs will recover about $0.35 and Senior “AAA” $0.60. Your tranche is rated “A”? Punt.
Criteria: Recovery Assumptions Revised For Certain CDOs Backed Predominantly By U.S. RMBS [Alacra Store]
Comments (19)
Leave a comment
You can log in with your account or comment as a guest below.
Equity Private, did I miss something or are you yet to comment on the Zoe Cruz fluff piece / womens studies term paper in New York this week. OK OK I’m just kidding, I’m sure Zoe Cruz would eat me for breakfast and I kind of wish she would… but its odd that you haven’t commented on this, given you work in finance and are, at least anatomically, female.
if her nickname is cruz-missile, I have a heat seeking guided missile looking for a short term home.
@10:06…they already commented on the piece.
did i miss something or is equity private an extremely budget version of bess
“Equity Private, did I miss something or are you yet to comment on the Zoe Cruz fluff piece / womens studies term paper in New York this week. OK OK I’m just kidding, I’m sure Zoe Cruz would eat me for breakfast and I kind of wish she would… but its odd that you haven’t commented on this, given you work in finance and are, at least anatomically, female.”
The difference between New York Magazine and me is that I don’t think my anatomy/career combination is worthy of what you, quite rightly, describe as a “womens studies term paper,” much less a big “human interest” feature complete with drama-dripping, forlorn photo set.
John Mack can hire or fire whomever he wishes. We don’t need to look at his employee-relations practices to know there’s at least a little scumbag in there somewhere.
I’m all for women in finance. I am not at all for whiners in finance. Cruz should buck up, “no comment” to the press, pursue a legal claim if a non-frivolous one exists, else move to one of the many hedge-funds or IBs that would be delighted to have her. In the meantime? Shut the hell up and move on.
@10:19 Easily said, ep, but having been there, though nowhere near that level, its all too easy to let ego get in the way. Which causes you to shout to the world that you’re worth so much more than those bastards that let you go.
That’s something that shouldn’t be shouted to the world.
Well, first, I’d like to commend Zoe on her ability to rally the media. If you think about it, the whole story is pretty trivial — an executive got canned following severe losses — yet, she was able to get a cover.
Unfortunately, however, what this story most clearly illustrates is that women do not know (yet) how to take firing as a man. When you get canned, you negotiate, negotiate further, and then if all fails, leave on decent terms. With respect. Without drama and petty commentary. Zoe’s handling of the situation, on the other hand, suggests that the only reason she’s gone as she has is BECAUSE she was a token woman.
Zoe’s handling of the situation, on the other hand, suggests that the only reason she’s gone as far as she has in the corporate world is BECAUSE she was a token woman.
Yeah I guess I am not interested in the piece as a Women’s studies term paper and more as the most revealing look we have at this particular professional. When they sent John Thain’s bitch ass down to the NYSE to make room for Lloyd it merited comment and so too does Zoe. The fact that she’s a woman adds another interesting wrinkle but this is classic power politics and I was more interested in your thoughts there. I need NY Mag to tell me bankers are sexist like I need the WSJ to tell me the klan is racist. What I do need is your keen intellect to focus on the good bits. Like what kind of fucking hit job is she trying to put in Vikram Pandit. The guy’s the ring master of the greatest (shit) show on earth, does Zoe really think this article is going to bother him?
(Although I do think they should have let Krawcheck run Citi, I mean what’s the worst she could do? Ruin the banks balance sheet on shaky mortgages and nearly bring the global banking system too its knees? Too late for that)
@10:32 AM
I don’t follow your logic of saying that Zoe was a token woman in that organization.
Second, when the top banana is the one firing you, you must rely on the terms of your contract regarding the eventuality of a firing. Negotiating at that point seemed useless to me. The terms all are in your contract, and there were probably pretty good terms.
Krawcheck can’t recruit. Vik can recruit.
My question, albeit admittedly a pretty retarded one, is Meredith Whitney (trying to be) the next Sallie Krawcheck? More importantly, does she chance an ice cube’s chance in hell?
Anal, yes your question sounds retarded. What’s the connection?
Diablo, you know Sallie was formerly an equity analyst @ Bernstein, and an open critic of Citi, right?
wow, just re-read that, should have read “…does she STAND and ice cubes chance in hell?” pre-coffee, my bad
Anal_yst where da f*** do you work to afford to be pre-coffee at 11 AM? Or do you work at all?
http://stuffwhitepeoplelike.wordpress.com/2008/01/18/1-coffee/
I believe the photo is of Anal_yst.
@ 11:47
Clearly, I can’t afford to be pre-coffee @ 11am, hence constructing sentences with randomly missing words/clauses/etc…