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Overlapping Subprime Exposure Mask Risks of CDOs, Moody's Says Bloomberg April 4, 2007 By Jody (Joseph) Shenn April 4 (Bloomberg) -- Having CDOs invest in other CDOs makes it difficult for investors to understand their exposures to, for instance, bonds from subprime lenders known to have made bad loans last year, said Janet Tavakoli, the president of Tavakoli Structured Finance Inc., a Chicago-based consulting firm. ``Sometimes it's just not worth it for what you're getting paid,'' she said. END OF EXCERPT 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). TSF makes some information available to the general public. Please
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Janet Tavakoli, President:
jt@tavakolistructuredfinance.com
TEL: (312) 540-0243 |