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.”



Clients of Tavakoli Structured Finance also have access to proprietary TSF research, which is not published in any other paid or public forum.

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