FINANCE
It would be no surprise to my colleagues, who roll their eyes whenever I mention securitization, that one of my favorite websites is Vinod Kothari's Securitization Website. What it lacks in sophisticated design, it more than makes up for in sheer volume of information about a fairly arcane topic. And Vinod Kothari's enthusiastic analysis of all things securitization (even one of my articles) makes me think that if he ever showed up at our office in person, my co-workers would run screaming for the door.
Anyway, I was surprised to see that my Securitization Update came to me today courtesy of AmericanSingles.com. "Jumpstart your love life at AmericanSingles.com!" (I could be cute and include that as a hyperlink, but if you want to get there from here, you can type in the link yourself). I'm guessing that sponsor was automatically generated--Vinod's newsletter relies on public newsgroup tools. But I think it points out that securitization-geeks have feelings too.
Or at least, my colleagues will no doubt respond, they have trouble getting dates.
Posted by Tim Reason | January 30, 2006 11:25am | Comments (1)
Just saw your piece, and yes, my email newsletters are generated by a mail management system which automatically inserts ads on the news pieces which I would not even be aware of.
But if it introduces something like singles websites etc., you are right - securitization professionals need it much. Every now and then, some securitization professional is "singled out" - like, the other day, one guy at Deutsche Bank was singled out for misreporting profits on credit derivatives trading. The trouble is, the accounting standards on securitization are so uncertain that it is definitively possible to prove anyone's computation of profits to be wrong - either on account of overstatement or understatement. Since accounting is increasingly moving towards subjectivity, the whole concept of "overstatement" needs a relook. Accounting profits, particularly in case of securitization, are like beauty - it lies in the eye of the beholder.
Posted by vinod kothari | February 07, 2006 07:20am
© CFO Publishing Corporation 2009. All rights reserved.