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VIDEO: Warren Buffett, Wall Street, and the New Administration
BNN's
Squeeze Play - January 20, 2009
Janet Tavakoli explains how Warren Buffett weathered the
global financial meltdown while Wall Street floundered in
her new book: Dear Mr. Buffett: What an Investor Learns 1,269
Miles from Wall Street. She also talks about the issues that
the new administration has to address. She said that in addition
to bad lending combined with leverage, investment banks were
also peddling phony assets. She asserts the originator perpetrators
were investment banks and the ratings agencies. She said
the rating agencies were merely selling cutlery to the Hannibal
Lecters of Wall Street. The blowups in the CDS and CDO markets
and other derivative markets weren’t “outliers”,
they were caused by “outright liars.”
Janet
Tavakoli is the president of Tavakoli Structured Finance,
a Chicago-based firm that provides consulting to financial
institutions and institutional investors. Ms. Tavakoli has
more than 20 years of experience in senior investment banking
positions, trading, structuring and marketing structured
financial products. She is a former adjunct professor of
derivatives at the University of Chicago's Graduate School
of Business. She is the author of: Credit
Derivatives & Synthetic Structures (John Wiley & Sons,
1998, 2001), Structured
Finance & Collateralized Debt Obligations (John
Wiley & Sons, 2008).
Janet Tavakoli's book on the global financial meltdown is Dear
Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street (Wiley
2009)
Clients
of Tavakoli Structured Finance have the benefit of proprietary
consultation, which is not available in any other paid or
public forum. Clients also commission proprietary research
and analysis.
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