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There will be something of a rehabilitation, for example, for the most disreputable form of debt: "structured credit".
Those who worked in structured credit will find it particularly hard to get jobs at the same level.
The escalation in collateral payments was also laid out in documents Nomura presented to the court on Aug. 17 when the bank sought to have Structured Credit liquidated.
"BNP will be trying to get more guarantees on the loan book and the structured credit portfolio".
Bob Diamond defended structured credit products saying there is a real purpose for structuring credit for pension funds.
Four days later, Nomura asked the Irish High Court to liquidate Structured Credit.
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He had worked at J. P. Morgan in the nineties, selling structured credit-default swaps.
Important parts of its franchise are either suffering client defections (prime brokerage) or disappearing altogether (structured-credit products).
That can sometimes cause irritation: structured-credit whizz-kids are recasting themselves as experts in distressed assets.
In structured-credit vehicles like Subprime XYZ, the agencies played a much more pivotal role than they had with (conventional) bonds.
The bridegroom, 38, is a managing director for structured-credit products in the New York office of Banc of America Securities.
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