Thu 2009-02-26 00:00 EST
Real Stress Tests Topic in The Credit Debacle Catalog
Thu 2008-07-03 00:00 EDT
Information Arbitrage: Straight-talk on FAS 157: Blackstone and their Banker Buddies Have it Wrong
gap management; "Trading risk becomes liquidity risk when you can't trade...Do real stress-testing of liquidity scenarios and construct a capital structure that address much of the liquidity risk posed by non-standard assets...So why do risk managers and bank managements' so consistently make bad decisions? Probably because there is an over-reliance on measures that are seemingly quantifiable."
Banker Buddies; Blackstone; FAS 157; Information Arbitrage; straight-talking; wrong.