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Synthetic CDO

Type: Keyphrase

Name: Synthetic CDO

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Ratings Assigned To Cash Flow CLO ALME Loan Funding 2013-1

--Standard & Poor's Ratings Services today assigned its credit ratings to ALME Loan Funding 2013-1 Ltd.'s EUR289.10 million floating-rate class A-1, A-2, B, C, D, and E notes. At closing, ALME Loan Funding 2013-1 also issued an unrated subordinated class ... [Published Thailand News and Press Releases - May 15 2013]

Entities: Collateralized Loan Obligations, Subordination, Counterparty Risk, Collateralized Debt Obligations

First reported May 13 2013 - Updated May 13 2013 - 1 reports

Ben Bernanke

The Student Loan Bubble Looks Awfully Like the Housing Crisis, Top Bankers Say

The US’s tepid economic recovery could become derailed by yet another bubble. This time it’s student loans, warned the Federal Advisory Council, a group of a dozen bankers who meet quarterly to advise the central bank. Guess what? It smells suspiciously ... [Published Motherboard Magazine - May 13 2013]

Entities: Student Loan Corporation, Crisis, Ben Bernanke, student loan, Mortgages

First reported May 11 2013 - Updated May 11 2013 - 1 reports

Jeffrey R. Scharf, Everybody's Business: Financial product alphabet soup makes comeback

Alphabet soup is back.Not the kind on the grocery shelves -- that never went away -- but the alphabet soup of financial products cooked up on Wall Street. Making a particularly strong comeback are CDOs -- collateralized debt obligations -- and CLOs -- ... [Published Santa Cruz Sentinel - May 11 2013]

Entities: Synthetic CDO, Collateralized Loan Obligations, Mortgages, Collateralized Debt Obligations

First reported May 08 2013 - Updated May 09 2013 - 2 reports

McDonald's Corporation

McDonalds Hikes Japanese Burger Prices And Sales Slide; Now It's India's Turn

Confirming that while Central Banks may have halted economic logic and reason indefinitely, supply and demand still have some relevance in the real world was today's earlier news that in the aftermath of McDonalds' 20% price hike of basic burgers in Japan ... [Published Zero Hedge - May 08 2013]

Entities: McDonald's Corporation, India, Inflation, Synthetic CDO

First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Goldman Sachs Group Inc

How To Make A Million Dollars An Hour, Step 6: Rig Your Bets

In part six, Leopold shows that, contrary to common conception, hedge funds don’t discipline the banks for taking risks – they collude with the banks to take risks, bet on failure and then pocket the winnings.Submitted by: Les LeopoldTags: hedge funds, ... [Published CSR Wire - Apr 30 2013]

Entities: Hedge Fund, Goldman Sachs Group Inc, JPMorgan Chase & Co

First reported Apr 30 2013 - Updated Apr 30 2013 - 1 reports

Federal Reserve System

Jeffrey Sachs Joins the Revolution

I remember not too long ago people who said that Wall Street is full of crooks were considered to be off-kilter. At the same time, it was commonly understood that they were saying the obvious, but for some reason they weren’t supposed to say it. Things ... [Published Deep Capture: exposing the crime of naked short ... - Apr 30 2013]

Entities: Jeffrey Sachs, Wall Street, Synthetic CDO, Federal Reserve System

First reported Apr 29 2013 - Updated Apr 29 2013 - 1 reports

Front-End Credit Protection Demand Drops

The demand for front-end protection via credit default swaps is declining on the back of more stable funding conditions and lower volatility. As investors are increasingly worrying less about near-term credit risks, the front-end CDS-cash basis has become ... [Published Derivatives Intelligence - Apr 29 2013]

Entities: Credit Default Swaps, Credit Spreads Widening, Synthetic CDO, Default Risk, Declination

First reported Apr 20 2013 - Updated Apr 20 2013 - 1 reports

Merrill Lynch Merges Cash Flow, Synthetic CDO Businesses

Merrill Lynch is in the process of merging its cash flow and synthetic collateralized debt obligation businesses, according to a senior banker at the firm. The change is being done to avoid "double pitching" the same collateral managers and investors ... [Published Euromoney Institutional Investors - Apr 20 2013]

Entities: Synthetic CDO, Merrill Lynch & Co Inc, John Tartaglia, Morgan Stanley Smith Barney, Bear Stearns Companies Inc

First reported Apr 17 2013 - Updated Apr 18 2013 - 2 reports

Standards and Poor's to be hit with more lawsuits

Stadards and Poor's is set to be hit with more law suits from councils and charities seeking to recoup losses after it was found liable in November for misleading Australian towns with investment ratings.The ratings agency was sued yesterday by the city ... [Published domain-b - Apr 17 2013]

Entities: Lawsuit, Piper Alderman, misleading

First reported Apr 16 2013 - Updated Apr 17 2013 - 2 reports

S&P hit by Lehman class action

Around 90 councils, charities and churches have announced plans to sue global ratings agency Standard & Poor's for more than $200 million over toxic investments which plunged in value during the global financial crisis.The organisations, including New ... [Published ABC Online - Apr 16 2013]

Entities: Standard & Poor's, Class Action, Lehman Brothers Holdings Inc, John Walker, Collateralized Debt Obligations

First reported Apr 15 2013 - Updated Apr 16 2013 - 7 reports

Councils to recover half of Lehman funds

Local councils that invested millions with Lehman Brothers stand to get up to half their money back under a new proposal from liquidators of the failed investment bank.Creditors of Lehman have been engaged in a long-running legal stoush over complex debt ... [Published Melbourne Age - Apr 15 2013]

Entities: John Walker, IMF Australia Ltd, Lehman Brothers Holdings Inc, Federal Court

First reported Mar 20 2013 - Updated Mar 21 2013 - 2 reports

Synthetics Rise From The Dead

By Felix Salmon : Remember synthetic CDOs, the monsters of the financial crisis? Well, according to Mary Childs , they’re “making a comeback”: Citigroup Inc. ( C ) is among banks that have sold as much as $1 billion of synthetic collateralized ... [Published Financial Sector and Stocks Analysis from Seeki ... - Mar 21 2013]

Entities: Synthetic CDO, Citigroup Inc, Felix Salmon, Collateralized Debt Obligations, Financial Crisis

Quotes

...applicable under our supplemental tests (not counting excess spread) outlined in our corporate collateralized debt obligation (CDO) criteria (see "Update To Global Methodologies And Assumptions For Corporate Cash Flow And Synthetic CDOs" published on Sept. 17, 2009)

Ratings Assigned To Cash Flow CLO ALME Loan Funding 2013-1 [Published Thailand News and Press Releases - May 15 2013]

...Silbert is the founder and chief executive of SecondMarket, one such platform that launched in March. "At the end of the day, investors are yield searching."

The Student Loan Bubble Looks Awfully Like the Housing Crisis, Top Bankers Say [Published Motherboard Magazine - May 13 2013]

"If housing rolls over, this company is going to have problems" Eisman said

Has the Canadian Housing Crash Arrived? [Published CNBC - May 13 2013]

...Citigroup "is among banks that have sold as much as $1 billion of synthetic collateralized debt obligations this year, following $2 billion in all of 2012, according to estimates from the New York-based lender" Bloomberg News reports...

Jeffrey R. Scharf, Everybody's Business: Financial product alphabet soup makes comeback [Published Santa Cruz Sentinel - May 11 2013]

More Content

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Goldman Sachs Wins Even When Muzzled by the Feds [Published Bloomberg - May 16 2013]
Company That Helped Goldman Build Terrible CDO ... [Published Dealbreaker - May 15 2013]
Ratings Assigned To Cash Flow CLO ALME Loan Fun... [Published Thailand News and Press Releases - May 15 2013]
The Student Loan Bubble Looks Awfully Like the ... [Published Motherboard Magazine - May 13 2013]
Has the Canadian Housing Crash Arrived? [Published CNBC - May 13 2013]
Jeffrey R. Scharf, Everybody's Business: Financ... [Published Santa Cruz Sentinel - May 11 2013]
McDonalds Hikes Japanese Burger Prices And Sale... [Published Zero Hedge - May 08 2013]
McDonalds Hikes Japanese Burger Prices And Sale... [Published Zero Hedge - May 08 2013]
How To Make A Million Dollars An Hour, Step 6: ... [Published CSR Wire - Apr 30 2013]
Jeffrey Sachs Joins the Revolution [Published Deep Capture: exposing the crime of naked short ... - Apr 30 2013]
Front-End Credit Protection Demand Drops [Published Derivatives Intelligence - Apr 29 2013]
Why Isnt Wall Street in Jail? [Published Bulatlat.com - Apr 23 2013]
Merrill Lynch Merges Cash Flow, Synthetic CDO B... [Published Euromoney Institutional Investors - Apr 20 2013]
S&P vows vigorous defence against councils' 'la... [Published GovernmentNews.com.au - Apr 19 2013]
Standards and Poor's to be hit with more lawsuits [Published domain-b - Apr 17 2013]
Ratings agency to 'vigorously' defend class action [Published ABC Online - Apr 17 2013]
S&P Sued by More Australian Towns Trying to Rec... [Published Bloomberg - Apr 17 2013]
How to Make a Million Dollars an Hour, Step 5: ... [Published CSR Wire - Apr 16 2013]
S&P hit by Lehman class action [Published ABC Online - Apr 16 2013]
Lehman settlement for duped councils edges closer [Published GovernmentNews.com.au - Apr 16 2013]
Councils to recover half of Lehman funds [Published Melbourne Age - Apr 15 2013]
Councils to recover half of Lehman funds [Published Brisbane Times - Apr 15 2013]
Councils to recover half of Lehman funds [Published Canberra Times - Apr 15 2013]
Councils could get half money back [Published Melbourne Age - Apr 15 2013]
Councils to recover up to half of lost Lehman f... [Published Sydney Morning Herald - Apr 15 2013]
Lehman liquidators offer $211m settlement [Published ABC Online - Apr 15 2013]
Lehman liquidators offer multi-million dollar s... [Published ABC Online - Apr 15 2013]
Judge Finds That Investors Who Bought A Securit... [Published Dealbreaker - Apr 09 2013]
Exchanges Looking to Shed Some Light on Dark Pools [Published CNBC - Apr 09 2013]
Delisting of Notes [Published TrustNet - Apr 02 2013]

Blogs

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Company That Helped Goldman Build Terrible CDO ... [Published Dealbreaker - May 15 2013] Everyone knows the story of Abacus 2007-AC1 by now: Goldman Sachs sold some mortgage-backed-security CDOs to some people, and those people thought that the underlying mortgage-backed securities were chosen by an outfit called ACA Management to be Good, ...
McDonalds Hikes Japanese Burger Prices And Sale... [Published Zero Hedge - May 08 2013] Confirming that while Central Banks may have halted economic logic and reason indefinitely, supply and demand still have some relevance in the real world was today's earlier news that in the aftermath of McDonalds' 20% price hike of basic burgers in Japan ...
McDonalds Hikes Japanese Burger Prices And Sale... [Published Zero Hedge - May 08 2013] Confirming that while Central Banks may have halted economic logic and reason indefinitely, supply and demand still have some relevance in the real world was today's earlier news that in the aftermath of McDonalds' 20% price hike of basic burgers in ...
Jeffrey Sachs Joins the Revolution [Published Deep Capture: exposing the crime of naked short ... - Apr 30 2013] I remember not too long ago people who said that Wall Street is full of crooks were considered to be off-kilter. At the same time, it was commonly understood that they were saying the obvious, but for some reason they weren’t supposed to say it. Things ...
Judge Finds That Investors Who Bought A Securit... [Published Dealbreaker - Apr 09 2013] One thing that a lot of crisis-era synthetic CDOs referencing residential mortgage-backed securities have in common is that they were “designed to fail,” in that the short credit (protection buying) party to the synthetic CDO (1) was short and (2) had ...

Press Releases

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Fitch Takes Action on U.S. Corporate Synthetic ... [Published Business Wire Professional Services News - Feb 14 2013]