I was born and raised in Texas. As far back as high school I wanted to work in finance, largely because I had mentors, including my father, who worked in the energy industry, which at the time was a bit more volatile and less prosperous than it is these days. In 1989, after graduating from the University of Texas, I was hired by Paine Webber in New York and worked in its mortgage-backed securities division.
Soon after, the Resolution Trust Corporation (RTC) started taking over bankrupt banks and selling their assets. I worked in a group that would bid on them. The RTC would send us big magnetic tapes of loan files and I'd go through them and often identify loans from assets near and around where I grew up in Texas.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access