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  • 22.) Carol Mathis, Joseph Walsh, Bruce Jin Present Overstated NAV For Goodwin and Whittaker 11-2-07

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    Failure of Royal Bank of Scotland (RBS) Risk Management
    79 visualizzazioni1 pagina
    Carol Mathis, Joseph Walsh, Riccardo Rebonato, and Bruce Jin prepare overstated NAV analysis, for CEO Fred Goodwin and Guy Whittaker (Global CFO), to justify no 2007 ABS CDO writedowns. It overstates the realizable liquidation values for the underlying subprime RMBS, if the ABS CDOs were unwound. The subprime RMBS within ABS CDO deals were not worth the 40:00 to 65:00 range assumed in Column 4 of Page 13. Per ABX indices, they were then worth only 25:00 roughly (https://drive.google.com/open?id=0BzKpYGA_5moJRHpCdVY0N25FOHM). See November 2 2007 e-mail, where Bruce Jin creates an overstated NAV analysis. ( https://drive.google.com/open?id=0BzKpYGA_5moJd2owb29EY3ZrbFU )

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    22.) Carol Mathis, Joseph Walsh, Bruce Jin Present Overstated NAV for Goodwin and Whittaker 11-2-07

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    Carol Mathis, Joseph Walsh, Riccardo Rebonato, and Bruce Jin prepare overstated NAV analysis, for CEO Fred Goodwin and Guy Whittaker (Global CFO), to justify no 2007 ABS CDO writedowns. It overstates the realizable liquidation values for the underlying subprime RMBS, if the ABS CDOs were unwound. The subprime RMBS within ABS CDO deals were not worth the 40:00 to 65:00 range assumed in Column 4 of Page 13. Per ABX indices, they were then worth only 25:00 roughly (https://drive.google.com/open?id=0BzKpYGA_5moJRHpCdVY0N25FOHM). See November 2 2007 e-mail, where Bruce Jin creates an overstated NAV analysis. ( https://drive.google.com/open?id=0BzKpYGA_5moJd2owb29EY3ZrbFU )

    Copyright:

    Public Domain
    Segnala contenuti inappropriati
    79 visualizzazioni1 pagina

    22.) Carol Mathis, Joseph Walsh, Bruce Jin Present Overstated NAV For Goodwin and Whittaker 11-2-07

    Caricato da

    Failure of Royal Bank of Scotland (RBS) Risk Management
    Carol Mathis, Joseph Walsh, Riccardo Rebonato, and Bruce Jin prepare overstated NAV analysis, for CEO Fred Goodwin and Guy Whittaker (Global CFO), to justify no 2007 ABS CDO writedowns. It overstates the realizable liquidation values for the underlying subprime RMBS, if the ABS CDOs were unwound. The subprime RMBS within ABS CDO deals were not worth the 40:00 to 65:00 range assumed in Column 4 of Page 13. Per ABX indices, they were then worth only 25:00 roughly (https://drive.google.com/open?id=0BzKpYGA_5moJRHpCdVY0N25FOHM). See November 2 2007 e-mail, where Bruce Jin creates an overstated NAV analysis. ( https://drive.google.com/open?id=0BzKpYGA_5moJd2owb29EY3ZrbFU )

    Copyright:

    Public Domain
    Segnala contenuti inappropriati
    di 1

    See presentation: https://drive.google.com/open?

    id=0BzKpYGA_5moJOGlsb3Jvd2FDTE0
    Carol Mathis, Joseph Walsh, Riccardo Rebonato, and Bruce Jin prepare an
    overstated NAV analysis, for CEO Fred Goodwin and Guy Whittaker (Global CFO),
    to justify no 2007 ABS CDO writedowns.
    It overstates the realizable liquidation values for the underlying subprime RMBS,
    if the ABS CDOs were unwound. The subprime RMBS within ABS CDO deals were
    not worth the 40:00 to 65:00 range assumed in Column 4 of Page 13. Per ABX
    indices, they were then worth only 25:00 roughly (https://drive.google.com/open?
    id=0BzKpYGA_5moJRHpCdVY0N25FOHM).
    See November 2 2007 e-mail, where Bruce Jin initiates this overstated NAV
    analysis ( https://drive.google.com/open?
    id=0BzKpYGA_5moJd2owb29EY3ZrbFU ).

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