U.S. Exit From Bank Bond Program to Go Smoothly
Reuters / Forbes.com - Sept 16, 2009

"We're still in a very dangerous situation that we've covered up by giving [banks] cheap funding and government guarantees," said Janet Tavakoli, president of Tavakoli Structured Finance in Chicago.

JT Note: This "exit" doesn't mention the rate paid ty the Fed on bank reserve deposits versus extremely low cost borrowing, nor does it address relaxed accounting standards, among other issues.


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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)


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