RTC

Home/RTC

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 [...]

U.S. May Consider Setting Up Agency to Buy Bad Debt

House Financial Services Chairman Barney Frank (D-Mass) Says U.S. May Consider Setting Up Agency to Buy Bad Debt Bloomberg (09/16/08); Rowley, James Some investors, including Bill Gross, co-chief investment officer of Newport Beach, California-based Pacific Investment Management Co., are calling for the government to play a bigger role in resolving the credit crunch. Worldwide, financial [...]