Comments on: Signs of Backlash Against Paulson http://www.nakedcapitalism.com/2007/11/signs-of-backlash-against-paulson.html Mon, 23 Nov 2009 09:23:14 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2007/11/signs-of-backlash-against-paulson.html#comment-1446 Anonymous Tue, 06 Nov 2007 13:29:00 +0000 http://www.nakedcapitalism.com/2007/11/signs-of-backlash-against-paulson/#comment-1446 How about a proposal to allow investors to sue homeowners who took out loans they couldn't afford? Or is it only evil investment banks and hedge funds that are supposed to be "accountable"? How about a proposal to allow investors to sue homeowners who took out loans they couldn’t afford? Or is it only evil investment banks and hedge funds that are supposed to be “accountable”?

]]> By: Anonymous http://www.nakedcapitalism.com/2007/11/signs-of-backlash-against-paulson.html#comment-1437 Anonymous Tue, 06 Nov 2007 06:12:00 +0000 http://www.nakedcapitalism.com/2007/11/signs-of-backlash-against-paulson/#comment-1437 ``We need to ensure yesterday's excesses are not repeated tomorrow,'' Paulson said. Penalizing Wall Street for packaging mortgage loans ``is not the answer to the problem,'' he said.<br/><br/>There are no too many administrations in the world, which are run with so many conflicts of interests!<br/>There is no penalty when insuring that packaged transactions have a real life cycle, from « professionals » to investors. The purpose of the transaction should be less of a risk transfer and more of a liquidity driven back up for transactions originators.<br/>As an investment banker Paulson should welcome this relief which could provide more respect for the industry and its representatives. “We need to ensure yesterday’s excesses are not repeated tomorrow,” Paulson said. Penalizing Wall Street for packaging mortgage loans “is not the answer to the problem,” he said.

There are no too many administrations in the world, which are run with so many conflicts of interests!
There is no penalty when insuring that packaged transactions have a real life cycle, from « professionals » to investors. The purpose of the transaction should be less of a risk transfer and more of a liquidity driven back up for transactions originators.
As an investment banker Paulson should welcome this relief which could provide more respect for the industry and its representatives.

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