• 2021 0225 - YPFS Lessons Learned Oral History Project: An Interview with Eric Dinallo  ---  [BonkNote]  ---  19p  
• 2021 - Journal of Financial Crises - Lessons Learned: Eric Dinallo - 6p
  • (p4) - Which is, even if I had caught it and demanded that we fix it, the amount of political energy that would have been leveled against me would be  inconceivable.
    • Until the crisis happened.
  • (p6) - I wrote an op-ed for the [Financial Times] that lays out that there's a law, that [hedge fund manager] Bill Ackman and I argued about.
    • About not disparaging or questioning the solvency of an insurance company.
    • You can short the stock all day, and you can go out there and trash MBIA stock all day.
    • But when you start to question its solvency, that's actually against the law.
    • [Financial Times Article: 2008 0731- FT - Dinallo - Tackle false rumours about insurance companies]

• (p6) - We've seen in the current crisis that life insurance companies take a pretty big hit in the stock market more than, someone said, more than airlines. I mean they're threatened on a number of fronts. One obvious one is that there's a spike in
  mortality, but I think even more they're threatened by continued low-for-long interest rates, by deterioration in business credit quality, because they're huge holders of corporate debt. That's their main asset. If that debt is riskier than they thought and prices have dropped, they've got to mark to market. They're under stress. It'll be interesting to see how that plays out and whether FSOC and others are as complacent coming out of this as they were going into it about the insurance industry

Lessons Learned : Thomas C. Baxter, Jr., Esq

• Eric Kolchinsky served as managing director of ratings for ABS CDOs (asset-backed security collateralized debt obligations) at Moody’s Investor Services from 2005 to 2007. Kolchinsky started his career in structured finance with stints at Goldman Sachs and Merrill Lynch. He joined Moody’s in 2000 as vice president for credit. In 2007, after Kolchinsky raised questions concerning the ratings of new deals in light of subprime downgrades, Moody’s removed him from his client-facing position. Kolchinsky supervised methodology for structured finance valuations at Moody’s Analytics for two years, before Moody’s suspended him altogether in 2009. Separated from Moody’s, Kolchinsky testified before Congress about fraudulent rating agency practices and conflicts of interests. Since 2009, Kolchinsky has served at the National Association of Insurance Commissioners (NAIC), where he is presently director of structured securities and capital markets.