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Lewis Ranieri

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Lewis Ranieri is considered the "godfather" of mortgage finance.[1] In the late 1970s Lewis joined the new mortgage-trading desk of Salomon Brothers'. He contributed in creating the innovative practice of securitization, a word he has supposed to have coined. In 2004 Lewis was considered by BusinessWeek one of the greatest innovators of the past 75 years [2] In March 2008, Nobel Prize laureate in Economics Robert Mundell inserted Lewis among the "Five Goats Who Contributed to the Financial Crisis" of 2008 with US President Bill Clinton, former Chairman of the Federal Reserve Alan Greenspan, former former chairman and CEO of American International Group Maurice R. Greenberg, actual Chairman of the Federal Reserve Ben Bernanke and former Treasury Secretary Henry Paulson.[3]

  1. ^ The Guardian, Monday 26 January 2009 [1]
  2. ^ BusinessWeek, 29 November 2004 [2]
  3. ^ Home Page of Norman Girvan [3]
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