Financial Guarantors, Rating Agencies and CDO Underwriters

Bloomberg Television - February 5, 2008


>>VIDEO: Downgrades of Financial Guarantors and Role of Rating Agencies and CDO Underwriters

JT Note: Financial guarantors normally do not mark-to-market guarantees, any products that must be marked to market – require mark-to-market treatment.

Janet Tavakoli, president of Tavakoli Structured Finance Inc., talked with Bloomberg's Brian Sullivan about downgrades of financial guarantors noting that MBIA, Ambac and FGIC do not currently merit "Triple-A" ratings. Absent a bailout, it appears the financial guarantors will be downgraded.

She also discussed the role of the rating agencies and subprime backed CDO underwriters.

Video is available via the above link from Bloomberg.com.

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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