4 Comments

1. 

   Daniel on August 5, 2010 at 4:43 pm

   Yes. Oh goody! I think the guy was at Countrywide if I am not mistaken.

2. 

   Sean on August 6, 2010 at 8:00 am

   Most of PennyMac is comprised of former Countrywide people. Profit from creating the problem, profit again from creating the “solution.” My favorite is the concept of securitizing NPLs. What’s the present value of a stream of future nonpayments?

3. 

   KBX on August 8, 2010 at 7:47 am

   S&P will rate the securitized npls AAA …

4. 

   Ghoghogol on August 14, 2010 at 6:50 pm

   To be fair Kurland was gone in 2006, and it was Sambol who was so gungho for subprime and Alt-A.