COMPANIES INTERNATIONAL: Tough Times Continue at Freddie Mac
By Jenny Wiggins in New York
Financial Times Published: August 25, 2003

The independent report released last month by law firm Baker Botts showed that Mr Parseghian was involved with some financial transactions that did not comply with accounting rules.

At the time, the board claimed Mr Parseghian's involvement was "not wrongful involvement" and that he was implementing policies set by corporate accounting and other senior officers rather than devising and directing the policies.

However, analysts have questioned Mr Parseghian's actions. Janet Tavakoli, president of Tavakoli Structured Finance, a consultancy firm, said it was "difficult to imagine" that Mr Parseghian would have been unaware of the implications of some of the transactions in which he was involved.

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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).

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.

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