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MBA Corps Distinguished Speaker Series

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Alumni Benefits and Discounts Program (click for info)

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We apologize in advance for any inconvenience caused you.

Change in Venue and Program:

The StamSteer, NYU-SCPS, MBACorps program originally scheduled for today, Thursday evening, October 28, 2010, has been moved 

NEW LOCATION >>> TO: THE the Downtown Association, 60 Pine Street (Directions Below, due to  facilities issues in the Met Life Building.

 FROM: 200 Park Avenue [Met Life Building, 13th floor],

Program TIME remains the same, from 6:00PM – 7:30 PM.

Ed Grebeck will not be participating on the panel. However, the MBA Corps discussion will feature Lawrence G. McDonald, author of "A Colossal Failure of Common Sense - the Inside Story of Lehman Brothers".

NYU School of Continuing and Professional Studies, 

StamSteer & 

MBA Corps

are proud to present a panel discussion:

Financial Reform Part II

... A Colossal Failure of Common Sense ? 

featuring

Lawrence G. McDonald: 

 Author of  "A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers,"

Dodd-Frank was supposed to end it, yet the Credit Crunch continually expands. Seemingly, Systemic Risk is greater today, than at any time in recent history. Some say  legislators, regulators, academics and risk managers are complicit in the increased volatility threatening market returns - especially in the financial sector.

Asset Securitization is under fire again. Last week,  RMBS investors - all of a sudden -- discovered that loan documentation necessary to enforce their claims against  defaulted homeowner borrowers may be defective. Whatever happened to investor analysts signing off:  "... I've checked the files and documentation is complete and in order" ?

Every day more bemoan the "complexity of securitization". Seemingly, they  only just discovered that there are lots of intermediaries and documents between the underlying borrower and ultimate lender. There are more alternative investments in the market today than ever before. So, whatever happened to: "if I don't understand it, I don't buy it" ?

Fed Chairman Bernancke promotes inflation as a policy to get consumers spending again.

 Is it any wonder that securities markets remain volatile ?

Join us as our our panelists discuss challenges and opportunites in tomorrow's financial markets.

Panelists:

Lawrence G. McDonald - author of "A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers"

&

Edward J. Grebeck -  NYU Adjunct, Strategist and Panelist and Producer of "Emperors' New Clothes ..."  http://www.prmia.org/events/view_events.php?eventID=2794

Thursday, Oct 28th, from 6:00 PM to 7:30 PM

1)  Lawrence G. McDonald: 

Author of  "A Colossal Failure of Common Sense - the Inside Story of the Collapse of Lehman Brothers," The former Lehman Brothers Convertible and Distressed Debt Trader's book was published by Random House 7/21/09. It hit the New York Times Best Seller list in its first five days on the book shelves.  “Colossal” is one of the best selling business books in the world, translated into 10 different languages.

http://www.lawrencegmcdonald.com/

The paper back is due out shortly!  Look for it at Borders Books

 http://www.borders.com/online/store/TitleDetail?sku=0307588335

Larry is a Managing Director, Asset Management Division, at Pangea Capital Management. Prior to Lehman Brothers, he worked at Morgan Stanley in Convertible Securities Research and Sales.

He, too, was COO and Co-Founder of Convertbond.com, which was named by Forbes Magazine as “Best of the Web” from 2000-2003 as the world wide web’s premier source for convertible securities information with news, valuation, terms and analysis tools for convertible securities.

Larry earned his Bachelors in Economics at University of Massachusetts.

###

2)  Ed Grebeck:

Chief Executive Officer, Tempus Advisors-- global capital markets strategists. NYU Professor.

Mr. Grebeck: A corporate banker, re insurer and portfolio manager who built businesses at major institutions and boutiques in the financial services industry, in the US and emerging markets, for over 20 years. He managed teams across all capital market functions: origination, underwriting, portfolio management, treasury funding and workout.  JPMorgan Chase, GE Capital and Employers Reinsurance are names you would know.  He has an MBA from Columbia and a BS from Cornell.

Last 3 Years: Ed is one of a handful of people in the world to demonstrably warn of today's Credit Crunch and suggest alternatives to profit, despite it.
In April 2006, he was the first to ask: "Why… Invest in CDOs, at All?", [Euromoney].  a prescient warning of Structured Finance illiquidity, conflicts of interest, flawed pricing models and today's trillion dollar losses.         www.riskcenter.com/video.php?vid=grebeck2-29-1
In 2007, he spotlighted endemic Conflicts among Rating Agencies, Investment Banks and Bond Insurers and pervasive Structured Finance Mispricing as major causes of today's $3 trillion +  losses and systemic risk to the world's financial markets.

http://www.hudson.org/index.cfm?fuseaction=hudson_upcoming_events&id=503

Today, Structured Finance Banks depend upon government for survival. Issuer-Oriented Rating Agency business models are irreparably damaged. Bond Insurers' share prices are under the bus. Ed Grebeck is frequently cited as an early critic of SF and expert source in the media.

http://www.cezarysalad.com/blog/chanos-on-the-financial-crisis-and-how-it-made-me-think-differently/2009/05/17/
Ed's wide ranging, yet extensive drill down experience, produces INSTITUTIONAL MEMORY. Asset managers rely on him to identify opportunities and anticipate challenges to their investment objectives arising from the credit crunch impacting the global capital markets.

Mr. Grebeck teaches "Credit Default Swaps 101" at NYU.  Over 200 students, in 9 consecutive terms, have gained unique perspective: how banking changed from 1980 ["buy-and-hold"] to today ["everything trades"] and what lies ahead.

Mr. Grebeck undertakes client-directed, confidential, research that extracts value from tomorrow's opportunities as capital markets change, today.

###

Date:

Thursday, Oct 28th

Time:

6:00 PM to 7:30 PM

Program:

6:00 to 6:30 Reception
6:30 to 7:30 Remarks and Q&A


Location: 

DOWN TOWN ASSOCIATION

60 Pine St. 

The Down Town Association’s members have included Franklin D. Roosevelt, a member from 1913 until his death in 1945, four Secretaries of State, including John Foster Dulles, five Attorneys General, one Secretary of Defense and two Secretaries of War. Two of our members have served as Ambassador to the Court of St. James, one member served as Ambassador to Switzerland, one member as Ambassador to Luxembourg and one member served as Ambassador to Thailand. The Club has no political orientation, illustrated by the fact that two of the three men who ran against Roosevelt for the Presidency of the United States were also members of the Association.

DIRECTIONS TO THE DOWN TOWN ASSOCIATION

60 Pine St. near Wall St.

VIA SUBWAY:

Take the 2/3 to Wall Street.  Follow the exit signs to Pine Street.   Exit on the Pine Street side. The DTA is directly across the street at 60 Pine Street.  If you exit onto Wall Street, walk one block north on William Street to Pine.  Turn right on Pine to 60 Pine Street (on the left).

4/5 train to Wall Street Station.  Walk three blocks east on Wall Street to William Street.  Turn left on William Street, walk one block to Pine.  Turn right on Pine to 60 Pine Street on the left.

A/C train to Broadway/Nassau Station. Walk five blocks south on William Street to Pine Street. Turn left on Pine Street to 60 Pine Street.

 PARKING:

South William Parking - 14-56 South William Street, 212-269-5056

Wall Parking Corp - 45 Wall Street (Enter on Exchange Place) 212-825-0700

Kinney System Parking - 55 Water Street, 212-809-6789

Imperial Parking Garage - Cedar St. (between Pearl & William St.) 212-514-5026

PHOTO Identification is Required

Cost:  NYU Alumni, StamSteer and MBA Corps members: $20 

Non members: $25

Students: $10

Community Partners: $5 

GEICO Supports MBA Corps: Auto Insurance discounts may range from 3% to 20%. This is state and qualification dependent. 

For more information, visit  mbacorps.org/benefits or call 1-800-368-2734 for a free, no-obligation rate quote.
_____________ 

Previous MBA Corps Distinguished Speakers

Forward to a Friend

Philanthropy, Business and Athletics:  Common Threads, Uncommon Achievements

Jim Fuchs, President, Silver Shield Foundation

 Http://www.silvershieldfoundation.org/

& Charley Moore, Executive Director, Committee Encouraging Corporate Philanthropy

 Http://www.corporatephilanthropy.org/

 ###

 Forgotten Finance 101:  Using yesterday's lessons to survive the Credit Crunch and thrive in tomorrow's Markets

JIM CHANOS: Kynikos Associates

DIANE GARNICK: Investment Strategist for Invesco

MARGARET M. CANNELLA: Named to the Fixed Income analyst Hall of Fame in 2007

ED GREBECK: Chief Executive Officer, Tempus Advisors.  NYU Professor

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