Barofsky Says Criminal Charges Possible in Alleged AIG Coverup Bloomberg News – April 28, 2010 By Richard Teitelbaum Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., says Barofsky hasn’t been aggressive enough. She says SIGTARP should be running criminal probes of the bankers who underwrote and managed the collateralized debt obligations that were at the center of the financial meltdown. Tavakoli says the CDO managers sometimes replaced relatively high-quality securities with new ones that were more likely to default. “It is securities fraud if you take securities and package them and knowingly pass them off with phony labels,” she says. 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) 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. TSF makes some information available to the general public. Please click here for other articles.
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Janet
Tavakoli, President: jt@tavakolistructuredfinance.com
TEL: (312) 540-0243