Financial Crisis of 2008: an engineer on Wall Street - IEEE Consultants Network

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Announcement for Wednesday, January 25, 2012

Financial Crisis of 2008

The first 2012 meeting of the IEEE Consultants' Network of Northern New Jersey
(www.TechnologyOnTap.org), scheduled for Wednesday, January 25, 6:30 PM, features a
presentation by Samir Padalkar.

Please note: breaking with our past custom, CNNNJ meetings in 2012 will generally be held on
the last Wednesday of the month. Please visit the Network web site or IEEE Event Calendar for
details of our schedule.


ABOUT THE TOPIC

An Overview of the 2008 Financial Crisis
(From the perspective of an electrical engineer on Wall Street)

Do you know what factors really caused the worst recession since the Great Depression?
What are the prospects for the US economy in the near future?
The speaker, Samir Padalkar, will take a quick look at some often-debated basics of the 2008
financial crisis including causes, financial products and the role of various players; banks,
insurers, rating agencies, Fannie - Freddie and the Federal Reserve. Finally, he will compare the
2008 crisis with the Internet Bubble and offer some thoughts for the future.

Topics covered
· Deconstructing ' Toxic' assets- CDOs and derivatives and how they work, how they were
priced,Monte-Carlo simulations, role of rating agencies and AIG , who bought them.
· Fannie and Freddie- subprime mortgages- and the mortgage crisis , credit crisis and credit
crunch
· The role of the Federal Reserve
· Looking at the Internet Bubble in 2000- how this was different


ABOUT THE SPEAKER

Samir Padalkar has over 20 years of experience building Real-Time decision systems, first in the
chemical/aerospace industry and later in Real-Time trading systems such as those used in
algorithmic trading. Most recently, he was CTO of Hold Brothers, a proprietary trading firm in
NYC, where he built a real-time equities and derivatives trading platform.
Samir started his career with a B.Tech from IIT Madras and a PhD from Vanderbilt University. His
research was patented and commercialized by the Osaka Gas Company of Japan. Later he
joined Quant Trading as lead software developer and applied his Real-Time systems work to
developing Fixed Income & Derivatives trading systems. In 1996 he lead the launch of "Sector",
one of the first off- the- shelf trading products on Wall Street, selling it to companies like Daiwa,
GovPX, TD, ABN Amro, Lehman & Chase.
In 2002, Thomson Financial bought Quant and Samir went to lead their fixed income
development team as Vice president of Fixed Income Development. The following year he moved
to TradeWeb, to lead a development team launching online Mortgage Backed Securities trading.
Samir lives in Summit, NJ with his wife and 2 kids, is an avid bicyclist, hiker & cricket lover and
enjoys travelling to wine regions. He can be reached at samirpad@gmail.com, (908) 420-9022.



ABOUT THE EVENT

The meeting will be held in the Morris County Library. Snack food and refreshments will be
available. Although there is no fee involved, in order to accommodate all participants, if possible,
please advise us by noon, Monday, January 23, if you plan to attend.

ABOUT THE NETWORK

Founded in 1992, the IEEE Consultants Network of Northern NJ encourages and promotes the
use of independent technical consultants by business and industry.


ALL ARE WELCOME!

Time: 6:30 - 8:30 PM. Wednesday, January 25, 2012
Place: Morris County Library
30 East Hanover Avenue, Whippany, NJ
Information: For up-to-date meeting status, call Robert Walker, 973-728-0344, or visit our
website, www.TechnologyOnTap.org.
Directions to Library: www.mclib.info
RSVP: call or email Robert Walker, 973-728-0344, r.d.walker@ieee.org
by noon, Monday, January 23, 2012, if possible
Free event – open to the public

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