Financial Theory (ECON 251) Professor Geanakoplos explains how, as a mathematical economist, he became interested in the practical world of mortgage securities, and how he became the Head of Fixed Income Securities at Kidder Peabody, and then one of six founding partners of Ellington Capital Management. During that time Kidder Peabody became the biggest issuer of collateralized mortgage obligations, and Ellington became the biggest mortgage hedge fund. He describes securitization and trenching of mortgage pools, the role of investment banks and hedge funds, and the evolution of the prime and subprime mortgage markets. He also discusses agent based models of prepayments in the mortgage market. 00:00 – Chapter 1. Fannie Mae, Freddie Mac, and the Mortgage Securities Market 17:01 – Chapter 2. Collateralized Mortgage Obligations 22:44 – Chapter 3. Modeling Prepayment Tendencies at Kidder Peabody 35:40 – Chapter 4. The Rise of Ellington Capital Management and the Role of Hedge Funds 52:52 – Chapter 5. The Leverage Cycle and the Subprime Mortgage Market 01:13:51 – Chapter 6. The Credit Default Swap 01:18:36 – Chapter 7. Conclusion Complete course materials are available at the Open Yale Courses website: open.yale.edu This course was recorded in Fall 2010.
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thank you
I feel much better
You are the MAN!!!
This is so great, I have no words
this kind of stuff really happens in the US?
@Finiras i mean where you get that much “fine” for going 50 cents in the negative?
your manager,your manager your manager your manager your manager……. ok i’m glad that i could get through to u
your eyes are so cutee
iloveyou
This isn’t even really an exaggeration either. With my debit card account, I’ve gone a few cents over my balance and gotten a huge Non-sufficient Funds fee slapped on it. And if you don’t fix the issue promptly, they keep racking up the fees. I once had nearly 100 dollars in fees for going, like, 16 cents over, and this was all before I had any clue I’d even gone over. Faceless buttpirates is right.
@Finiras not really. most companys usually dont fine unless its over like 10 dollars, but there are exceptions
my manager?
How about 6, don’t even use a credit card in the first place?
“treat them with the respect they deserve” i.e. none.haw haw. and im not talking about the “Franks” of this world im talkin about the managers, the managers, the managers, the managers, the managers…………
“Do the honorable thing, be Japaneese!”
:D:D
LOL loved this fuckin hilarious
you sounded pretty pissed…
you manager
umanaga
umanjar
butt pirate ?
“subscriBe”…it’s ok Danny…
lol,, all my mom says is that someone stoel her credit caardd in they put the moneyy righhtt back on.
@nadinelove27 How the fuck did he mess up subscribe?
@nadinelove27 He never messed uo subcride… I have no clue what your talking about :l
MILEY CYRUS SMOKED A BONG!!!!!!!!!!!!!!!
i did this, it worked, thankyou dude.
@TheRapMaster09 Thats lame, she should hit buckets
Срочно нужны деньги?
Кредит 17%. М МО. Без справок и поручителей. Консалтинг 25%. Другие варианты. (495)2200660 2200660@mail.ru
I dont use a credit card for that reason