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In this presentation, Terry D. Trim from Nuveen Investments discusses the crisis in confidence surrounding mono.line financial guarantees. He explores the factors contributing to this crisis, such as ratings, headlines, accounting, divergent markets, and economic losses. Trim also examines potential confidence builders, including improved investor supplements, increased transparency in the ratings process, and ongoing investor education.
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Mono line Financial Guarantees “When Will Then be Now” NFMA 2008 Twenty – Fifth Annual Conference Terry D Trim CFA Vice President Nuveen Investments
Mono line Financial Guarantees“When Will Then be Now”Introduction • Monoline Financial Guarantees • When Will Then be Now • When will we have stable ratings • When will we know who is AAA • Crisis in Confidence • Confidence Killers • Potential Confidence Builders Terry D Trim CFA Vice President Nuveen Investments
Terry D Trim CFA Vice President Nuveen Investments
Mono line Financial Guarantees“When Will Then be Now”Crisis in Confidence Terry D Trim CFA Vice President Nuveen Investments
Mono line Financial Guarantees“When Will Then be Now”Crisis in Confidence Terry D Trim CFA Vice President Nuveen Investments
Mono line Financial Guarantees“When Will Then be Now”Crisis in Confidence Confidence Killers • Ratings • Headlines • Accounting • Divergent Markets • Economic Losses Terry D Trim CFA Vice President Nuveen Investments
Mono line Financial GuaranteesBack to the Future Confidence Builders Disclosure Disclosure Disclosure • Improved Investor Supplements • Increase Transparency in Ratings Process • Ongoing Investor Education Terry D Trim CFA Vice President Nuveen Investments