Quote:
Originally Posted by Hank Chinaski
When shit was collapsing I actually found this Board of value for once. Some socks here seemed to actually work in the area. Like T seemed to know stuff? Do/did anyone here actually have real world knowledge?
|
I did not work on any MBS deals (or other structured products), but I had colleagues who did (mostly GSE stuff, but nonetheless, some of them could claim to be "inventors" of some of these things). I did not work on the defense of any of the financial institutions after the crash, but I had colleagues who did. I did not work on any of the premerger notification or competition aspects of any of the government-brokered financial system combinations or restructuring of any auto-makers, but I had colleagues who did.
I definitely went to cocktail parties with all of the above.
ETA: And I had a lawyer's level understanding of the accounting rules around the accounting for fixed-income securities (some, but not as much, for derivatives) from participating in an "independent" investigation of a GSE in the prior round of scandals, although my memory says the rules had changed some in between.
