All the Devils Are Here [231]
Ownit
Parekh, Ketan
Park, Gene
Parker, Ed
Partnership offices
Patrick, Deval
Patrick, Tom
Paulson, Henry, Jr.
and Bear Stearns buyout
during collapse
compensation from Goldman
derivatives, regulatory efforts
Goldman Sachs under
GSEs, approach to
and Lehman collapse
style/personality of
and TARP
Paulson, John
Pay As You Go (PAUG)
Pay option ARMS
Pelosi, Nancy
Pension funds, MBS, buying
Phillips, Dan
Phillips, Gene
Pickens, T. Boone
Pierce, Samuel
Political contributions, by Fannie Mae
Pomeroy, Earl
Pope, Claude, Jr.
Pratt, Dick
Predatory lending, subprimes
Preemption
Prepayment penalties
PricewaterhouseCoopers
Primary Residential
Prince, Chuck
Procter & Gamble
ProPublica
Prough, Stephen
Quality Mortgage
Quants/qualitative methods
of AIG FP
derivatives
of J.P. Morgan
operation of
Value at Risk (VaR)
Quental, Greg
Rackson, Randall
Raines, Franklin Delano
biographical information
and Fannie fraud investigation
leaves Fannie
Rand, Ayn
Ranieri, Lewis
and MBS-related legislation
MBS developed by
on subprime industry faults
Ratings, bonds. See Bond ratings; Moody’s; Standard & Poor’s
Reagan, Ronald
Real estate investment trusts (REITs)
Redleaf, Andrew
Refinancing, by subprime companies
Regulation. See Federal regulation
Reich, John
REMIC (Real Estate Mortgage Investment Conduit)
Repo market
Residuals
Resolution Trust Corporation
Rhinebridge
Ribicoff, Abraham
Ricciardi, Chris
Risk-layered loans
Risk management
and bond ratings
capital reserves for
credit enhancements
and derivatives
Goldman systems
Greenberg/AIG system
J.P. Morgan systems
mark-to-market accounting
quants’ efforts
risk weightings
and securitization
Rosner, Josh
credentials of
on OFHEO
subprimes, warning about
Rotella, Steve
Rubin, Howard
Rubin, Robert
biographical information
“Committee to Save the World,”
derivatives, negative view of
derivatives regulation, opposition to
at Goldman
and GSEs lack of regulation
style/personality
Russia, economic crisis
Ryan, Tim
St. Denis, Joseph
Salomon Brothers
Fannie deals with
MBS profitability
Sambol, Dave
biographical information
Countrywide loan production by
Countrywide under
SEC fraud charges
style/personality of
Samuels, Sandor
Sandefur, Jennifer
Sarbanes, Paul
Savage, Tom
AIG-FP under
biographical information
Savings & loan banks (S&Ls)
assets, liquidation of
destabilization of
housing differential
and REMICs
Schumer, Charles
Schwartz, Alan
Secondary Mortgage Market Enhancement Act (SMMEA)
Second-lien mortgages
Securities and Exchange Commission (SEC)
Broker-Dealer Lite
Countrywide fraud charges
Goldman fraud charges
holding companies, lack of regulation
Mozilo, Sambol, Sieracki fraud charges
See also Greenspan, Alan
Securitization
negative consequences of
process of
risk transfer in
See also specific products
Seidman, Ellen
Semerci, Osman
firing of
hired by O’Neal
and Merrill CDOs
Senior/subordinated bonds
Shelby, Richard
Sieracki, Eric, SEC fraud charges
Simpson, Robert
Sinha, Gyan
Smiechewicz, Walter
Smith, Josh
Snow, John
Société Générale
Sorkin, Andrew Ross
Sosin, Howard
AIG-FP under
biographical information
-Greenberg relationship
role as quant
Sparks, Dan
Spector, Warren
Spitzer, Eliot
AIG investigation
Countrywide investigation
Standard & Poor’s
CDOs, downgrading
CDOs, rating
establishment of
Starr, C. V.
Starr International Company (SICO)
States
attorneys general, Ameriquest investigation
preemption policy
Steel, Bob
Stein, Kevin
Stockman, David
Structured investment vehicles (SIVs)
Citigroup acquisition of
failure of
operation of
Subprime mortgage-backed securities (subprime MBS)
development of
first
ratings, manipulation of
Value at Risk (VaR) applied to
Wall St. and increase in
See also Derivatives
Subprime mortgage market collapse
AHMIC collapse
Ameriquest
Countrywide
crisis of 1998
crisis of 2006-2007
First Magnus
IndyMac
New Century
and synthetic CDOs
Subprime mortgages
consumer complaints/lawsuits
credit