"Janet
Tavakoli warned the biggest credit bubble in world
history was coming well in advance. Now she explains
how the world could have avoided this disaster and how
we can prevent it from happening the next time." -
Jim Rogers, Author of A Bull in China
"To Janet - Who should have been listened to much
more carefully in the past---& who will be in the future." Warren E. Buffett
Chairman, Berkshire Hathaway, Inc.
CNBC -
January 7, 2009
"The book’s real strength is the sub-plot that
emerges as Tavakoli tugs vigorously at the seemingly disparate
threads of the current financial crisis, naming names,
citing cases and leaving no schmuck — whether investment
bank, credit rating agency, monoline insurer, mortgage
brokers, regulators and their ilk — unspared. Based
on more than 20 years in the derivatives arena, and having
served time at Salomon Bros, Bear Stearns and Goldman Sachs,
she knows that of what and who she speaks. Should anyone
ever display the slightest interest in criminalizing the
criminals who led us down this path, a prosecutor could
do worse than ordering up copies for the grand jury." Greg Newton (1956-2009), Naked Shorts
"Tavakoli has been railing against emperors wearing
no clothes in the credit derivatives markets forever. If
only people had listened." Andrew Tobias
Author of The Only Investment Guide You Will Ever Need,
AndrewTobias.com
"Full of anecdotes, details and character sketches
that add depth...she knows her stuff, has strong opinions
and turns a colourful quote." Paul J. Davies - Financial Times
"Securitization
...was abused by greedy financiers and turned into the
monster that led to the collapse of
the financial system." -
Yalman Onaran - Bloomberg
News
"Janet Tavakoli writes about
the exotic, abstract financial instruments that helped
implode the U.S. financial
markets, and she writes in a clear, sprightly way. She
knows a lot, and translates it well. Contrasting the shenanigans
of recent years against the good analysis and common sense
of Warren Buffett is appropriate, and helps to illustrate
the levels of irrational behavior." Adam Smith (George J.W. Goodman)
Author of The
Money Game and Supermoney
“
Janet Tavakoli has warned people about
the risks in structured finance for years. Now she has
written a primer that the investor on Main Street can understand
and the pro on Wall Street would be unwise to ignore.”
Roger Lowenstein Author of When Genius Failed, and Buffett:
The Making of an American Capitalist
Praise for the Second Edition
"Janet Tavakoli warned the world this disaster was coming
well in advance. Now she explains it again for those who
did not listen before as well as why it is not over yet.
You need to read this book to understand the biggest credit
bubble in world history." Jim Rogers
Author of A Bull in China, Hot Commodities, Adventure
Capitalist, and Investment Biker
"Janet Tavakoli has been able to dissect with a brisk
style the intricacies of many structured products. Not only
does she explain in a clear and insightful manner how certain
things work, but more important, why others DO NOT WORK!!!
Highly recommended and very much needed." Arturo Cifuentes, Ph.D.
Managing Director, R.W. Pressprich & Co.
Collateralized
Debt Obligations & Structured Finance (Available
everywhere including Amazon, Borders and Barnes&Noble)John
Wiley & Sons, 2003 by Janet Tavakoli. In the global
bestseller in the field, financial expert Janet Tavakoli
examines
groundbreaking securitization topics:
the
huge
increase
in
the CDO synthetic arbitrage; the tranches benefiting
most from this new technology; special purpose entities;
new securitization products made possible by credit derivatives
technology and more. Click
here for more details on this book.
“Caveat Emptor!
Never in the history of finance has this warning been
more appropriate.
With the development of CDO’s, Credit Derivatives and
other esoteric structured finance techniques, market participants—the
savvy as well as the novice—are exposed to a bewildering
array of new ideas, concepts and structures. Janet Tavakoli
has tackled these subjects in an outstanding mixture of exposition,
mathematics and skepticism. A must read for anyone who plans
to play in these markets.” Jack Caouette
Vice Chairman
MBIA Insurance Corporation
Credit
Derivatives & Synthetic Structures: A Guide to Instruments
and Applications 2nd Edition, (Available
everywhere including Amazon, Borders andBarnes&Noble) John
Wiley & Sons 2001, by Janet Tavakoli, is the groundbreaking
global bestseller on credit derivatives products. In this classic
guide to products and concepts, Tavakoli makes the case for
profitable credit derivatives hedging and investing (first edition
is available in Japanese and Orthodox Chinese).
"If
you want to know more about credit derivatives -
and these days an increasing number of people do
- then you should read this book." Merton H. Miller, winner, Nobel Prize in Economics, 1990
Robert R. McCormick Distinguished Service Professor Emeritus,
University of Chicago Graduate School of Business
Click
Here for More Detail on This Book
