November 7th, 2007 – Stamford, Ct
The Emperors’ New Clothes?: After the Credit Crunch, What’s the Future of Structured Credit, Financial Guarantors and Rating Agencies?
The Credit Crunch continues … spreading from subprime mortgages to CDOs to CMBS to ABCP programs to
SIVs and beyond. Widespread Debt downgrades occur frequently across the “alphabet soup” of Structured
Credit products and their credit spreads widen.
What do all Structured Credit products have in common? With each other? With Financial Guarantors and
NRSRO Rating Agencies?
State Attorneys General, Congress and international Regulators prepare to act. Will potential remedies
alleviate, or exacerbate, global liquidity issues?
What potential liabilities for losses do Rating Agencies and Arrangers have to Investors? And Investors to Fiduciaries?
How will Financial Guarantor and NRSRO Rating Agency business strategies change, if at all, going forward?
Join us, as our panel discusses the future of Financial Guarantors, NRSRO Rating Agencies– and the
business that fed their recent growth–Structured Credit.
Presenters
William Ackman, Managing Member, Pershing Square Capital
James Chanos, Managing Partner, Kynikos Associates
Jonathan Macey, Deputy Dean, Prof of Securities Law, Yale Law School
Edward Grebeck, CEO, Tempus Advisors
