Bank Profits from Accounting Rules Masking Looming Loan Losses (Excerpt)
Bloomberg News - June 5, 2009
by Yalman Onaran

Janet Tavakoli, president of Tavakoli Structured Fiannce Inc. in Chicago, says the government stress scenarios underestimate how bad teh economy may get.

JT Note: By June 29, the Public-Private Investment Program (PPIP) looked moot: "Wary Banks Hobble Toxic-Asset Plan," Wall Street Journal, June 29. 2009.
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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), and
Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street (John Wiley & Sons January 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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