MBS

/MBS

AIG chief threatening to step down (and, Our Comments on Transparency)

No World Borders editorial comment: We should remember what got us to the point of having Wall Street executives being micromanged - a lack of financial transparency required the ARRA and the TARP.  And when the government ended up with the majority ownership in AIG it became the shareholder to which the board and CEO [...]

A Need for Financial Transparency

Summary Even though the U.S. Securities and Exchange Commission (SEC) clearly defined financial transparency as an important component of the foundation of our financial system, it is nearly non-existent in the world of mortgage-backed securities (MBS). We believe that this is a critical and un-met market need associated with the $700 billion plus bailout or [...]