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The letters (July 27) on our July 20 op-ed on the complexity and pricing difficulty of toxic assets raise practical issues. Much of the information about the underlying individual mortgage loans is possessed by the trustee of each original mortgage pool, and some of it is collected by a number of private firms for sale to investors. The first step is to assemble as much as possible in a central database with much broader coverage.
Other publications by this author
- Regulatory Initiatives of the Securities and Exchange Commission
- Why Toxic Assets Are So Hard to Clean Up
- Mortgage Delinquencies and Foreclosures
- The Role of Corporate Governance in Coping with Risks and Unknowns
- Facilitating Mortgage Renegotiations: The Policy Issues
- Statement on 'The International Competitiveness of U.S. Capital Markets"
- The Usefulness of Hedge Fund Post-Mortems
- Structured Products and ETFs
- Taking Shareholder Protection Seriously? Corporate Governance in the U.S. and Germany
- Decision Cycling: Corporate Dilemma or Academic Frolic? Comment
Author
- Kenneth E. Scott
- Stanford Law School
- kenscott@stanford.edu
- 650 723.3070