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Mill Rat

Mill Rat
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BAC, C, ERO, GLT, GS, IEF, SPY, TWX, WMK
  • John Thain Comes Clean [View article]
    It looks like the Nomura link did not get attached properly.

    www.math.ust.hk/~maykwok/courses/MAFS...

    If the above does not go completely go through, and you only get the home page, click the following sequence of links, beginning at the home page:
    "People"
    "Faculty"
    "Kwok, Yue-Keun"
    "MAFS521"
    "Nomura - CDOs - Squared-Demystified"
    or you can 'search engine' the last item on this "chain" of links.
    Oct 7 08:32 PM | 1 Like Like |Link to Comment
  • John Thain Comes Clean [View article]
    Attached here are links to 2 in-depth articles ("white papers") about the behavior of CDO's-squared and their risks. One is from Nomura (published in 2005). One is from Fitch (published 2004).

    www.math.ust.hk/~maykwok/courses/MAFS...

    www.fitchratings.com/d...

    One might be tempted to describe these "white papers" as a description of the mathematical output of "models". But, I'll let you judge for yourselves.
    Oct 7 08:17 PM | Likes Like |Link to Comment
  • John Thain Comes Clean [View article]
    Given that John Thain did not even join Merrill Lynch until November of 2007, I would assert that the real culprit behind their demise was the previous leadership (under Stanley O'Neil). By late 2007, the damage was already done.

    www.boston.com/busines.../

    On the other hand, I'm not sure I would call him a financial genius, either.
    Oct 7 08:03 PM | 1 Like Like |Link to Comment
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