Selected News Archive - News, Quotes, and Articles.
Ponzi Nation
Business Week - December 14, 2008
Madoff Deserves Lots of Company
TSF - December 13, 2008
AIG Is Said to Pay $18.7 Billion to Goldman, SocGen for Swaps
Bloomberg News - December 10, 2008
The Next Big Dump
Forbes - December 8, 2008
How the Thundering Herd Faltered and Fell
New York Times - November 9, 2008
A Parable of Disaster
The Economist - November 3, 2008
The Reckoning - From Midwest to M.T.A., Pain From Global Gamble
New York Times - November 2, 2008
A Question for A.I.G.: Where Did the Cash Go?
New York Times - October 30, 2008
They're Shocked, Shocked About the Mess
New York Times - October 26, 2008
CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic
Bloomberg News - October 22, 2008
Proposed Alternative to (the Various Versions) of the Paulson
Plan
TSF - September 25, 2008 (Updated Oct 2008) and Financial Times
- September 29, 2008
Europe Weighs U.S. Bailout Rejection
Dow Jones Financial News - September 30, 2008
Don't Bet On A Bailout Payday
Fortune (and CNNMoney.com) - September 26, 2008
At Freddie
Mac, Chief Discarded Warning Signs
New York Times (Page One) - August 5, 2008
Merrill Aims to Raise Billions More
Wall Street Journal (Front Page) - July 29, 2008
More Data on Mortgage Bonds Sought
Wall Street Journal - July 16, 2008
Paulson's
Proposal to Buy Fannie, Freddie Equity"Insane"
LIPPER HedgeWorld - July 15, 2008
Fed Casts Scapegoat Net, Snag Cioffi and Tannin
Bloomberg News - June 25, 2008
How Fair is Fair Value Accounting?
Forbes - June 25, 2008
Structured Success
University of Chicago Magazine - May/June 2008
FGIC Loses $33.4 Million, After Offsetting Writedowns
Bloomberg - May 23, 2008
Moody's
Commercial Paper Rating May Be Cut, S&P Says
Bloomberg - May 22, 2008
Moody's Stock Suffers Record Plunge on Ratings Error
Reuters - May 21, 2008
CPDOs Expose Ratings Flaw At Moody's
Financial Times - May 20, 2008
Recession Question Misses the Point
Fortune - April 30, 2008
Pandit's "Closer to End" Means
No Escaping LBO Loans
Bloomberg News - April 29, 2008
"Super-senior" CDO
Investors Begin to Flex Their Muscles
Financial Times - April 15, 2008
Dissecting the ACA Downgrade
Business Week - April 14, 2008
Fed
Says Bear Collateral Includes Loans, "Hedges"
Bloomberg News - April 3, 2008
Taxpayers May be Liable for Bear Mortgage Rescue
Bloomberg News - March 24, 2008
Security Capital [Assurance] Defends Termination of Credit Default
Swap Contracts
Bloomberg News - March 20, 2008
Credit Swaps Thwart Fed's Ease as Debt Costs Surge
Bloomberg News - March 6, 2008
Citigroup Underwrote $6.9 Billion of Ambac's Most Troubled CDOs
Bloomberg News - February 28, 2008
RLPC - Fund Selling Adds to Leverage Loan Woes
Reuters/Forbes.com - February 7, 2008
Emperors Should Not Have Rebuffed the Oracle
Forbes.com - February 6, 2008
Credit Crisis: Where Was the SEC?
Forbes.com - February 6, 2008
Cynical Use of Derivatives Has Left Market in a Pickle
Financial Times - Letter from Janet Tavakoli - January 31, 2008
Buffett Set to Cash in On Bond Insurers' Woes
Reuters/Forbes.com - January 30, 2008
Credit Rating Firms Seen Holding Back on Bond Insurers
Reuters - January 30, 2008
The Cassandra of Credit Derivatives
BusinessWeek - January 28, 2008
Buddy, Could You Spare $15 Billion?
The Economist - January 24, 2008
Under Review: Ripple Effects of Much Harsher Debt Ratings
Wall Street Journal (Page C1) - January 18, 2008
For Financial Stocks, Is it Another False Bottom?
Wall Street Journal - January 16, 2008
A
Fund Behind Astronomical Losses (Magnetar)
Wall Street Journal - January 14, 2008
Dicey
Deals Done Dirt Cheap: Monolines in Dire Straits
(Clients Only)
TSF - January 3, 2008
Wall Street Wizardry Amplified Credit Crisis
Wall Street Journal - Page One - December 27, 2007
CDO Battles: Royal Pain Over Who Gets What
Wall Street Journal - Page C1 - December 17, 2007
CDO Cliffhanger (Clients Only)
TSF - November 27, 2007
Are You Sure You Made A Fortune Shorting the ABX (or TABX)?
LIPPER HedgeWorld - by Janet Tavakoli - December 5, 2007
Accounting
Can Be Beautiful and Is Merrill's (Earnings Charge)
Number Up? (Clients Only)
TSF - November 27, 2007
Barclays, Swiss Re and More on the Credit Crunch - Update (Clients
Only)
TSF - November 19, 2007
Derivatives Update (Clients Only)
TSF - November 17, 2007
AIG Catches Up (Clients Only)
TSF - November 7, 2007
Too Big to Regulate? (Clients Only)
TSF - November 5, 2007
Deals with Hedge Funds May Be Helping Merrill Delay Mortgage
Losses
Wall Street Journal (Page One) - November 2, 2007
Mal de MER - Fourth Quarter (Clients Only)
TSF - October 25, 2007
Subprime's Unreported Undertow (Clients Only)
TSF - October 22, 2007
Banks' Plan for Big Fund Faces Big Hurdles
Reuters - October 17, 2007
U.S. Investors Face An Age of Murky Pricing
Wall Street Journal - PAGE ONE - October 12, 2007
Bear Stearns' Hocus Pocus [Cover Story]
Business Week - Issue Date: October 22, 2007
Merrill's Mal de MER (Full Report for Clients Only)
TSF - October 8, 2007- by Janet Tavakoli
Market Back to Freewheeling Ways
Chicago Tribune - October 8, 2007
Is Congress Missing the Boat on Credit Raters?
Reuters - September 27, 2007
Anatomy of A Ratings Downgrade
Business Week - Issue Date: October 1, 2007
Wall Street Earnings Short on Details [Counterparty Risk]
Fortune Magazine - September 25, 2007
Misfortune's Formula: Structured Credit Ratings
HedgeWorld (Reuters) - by Janet Tavakoli - September 19, 2007
The SEC Wants More Answers
Business Week - Issue Date: September 17, 2007
A Matter of Opinion
Investment Dealers' Digest - September 10, 2007 (Feature)
Next in Line for Subprime Hit: Bonds?
Associated Press - September 9, 2007
AIG Seeks Small Subprime Risk; Others See More [AIG's Phony
Accounting]
Wall Street Journal - Page C1 - August 13, 2007
Hedge Fund Mark to Market Woes
Greenwich Post- August 3, 2007
Death Bonds: Profiting from Mortality)
Business Week - Cover Story - Issue Date: July 30, 2007
Subprime Lenders and an FASB Rule
HedgeWorld- July 27, 2007
Subprime:
Rating Agencies Were "Willingly Duped"
InsideEDGE - July 26, 2007
Subprime and the Dollar: Is There Really a Link?
HedgeWorld - July 25, 2007
Wall Street Can't Cage Its Mortgage Monster
LA Times - July 22, 2007
Can Wall Street Be Trusted to Value Risky CDOs?
Reuters - July 14, 2007
Ratings Aside, Everyone Knows CDOs are Risky
Wall Street Journal - Page C1 - July 13, 2007
More Subprime Woes To Come
Business Week - July 12, 2007
Subprime Contagion: Credit Bubble or Credit Babble?
HedgeWorld - June 28, 2007
Bear Bailout Bad Idea for Hedge Funds
HedgeWorld Commentary - by Janet Tavakoli - June 28, 2007
Two Big Funds At Bear Stearns Face Shutdown
Wall Street Journal - June 20, 2007
Mortgages Give Wall St. New Worries
New York Times - June 19, 2007
This Investment Could Turn Ugly
Business Week - Issue Date: June 18, 2007
Bear Stearns' Subprime Bath
Business Week - June 12, 2007
Due Diligence Key in Avoiding CDO Pitfalls
HedgeWorld.com - June 4, 2007
Rating Agencies: Measuring the Measurers
The Economist - June 2-8, 2007
"Rating Agencies Issue Opinions" -
Letter in Response to
"
CDO Boom Masks Subprime Losses, Abetted by S&P, Moody's,
Fitch"
Bloomberg Magazine - (July 2007 Magazine)
Rating Agencies: Measuring the Measurers
The Economist (print edition) - May 31, 2007
Structured Debt Investments Aimed at US Retail Investors
Financial Times - May 30, 2007
SEC Finalizes Anti-Notching Rule
LIPPER HedgeWorld - May 29, 2007
How
S&P
Put the Triple A into CPDO
Financial Times - May 14, 2007
CDOs: Caveat Emptor Warn Structured Finance Experts
LIPPER HedgeWorld - May 14, 2007
Bear Stearns' Subprime IPO
Business Week - May 11, 2007
Bear Stearns Funds to Transfer Subprime-Mortgage Risk with IPO
Bloomberg - May 11, 2007
Greater Global Risk Now Than At Time of LTCM
Financial Times - May 7, 2007 - [Letter to Editor] by Janet Tavakoli
As Funds Leverage Up, Fears of Reckoning Rise
Wall Street Journal - PAGE ONE - April 30, 2007
Credit Suisse Sued Over Losses on Subprime-Loan Bonds
Bloomberg News - April 27, 2007
Bright Future? - Buy Side Firms Optimistic About New Euros Futures
Contracts
Structured Credit Investor - April 17, 2007
Subprime Mortgages: The Predators' Fall
Risk Professional (formerly GARP Risk Review) Issue 35 March/April
2007 - by Janet Tavakoli
Do Not Accept Bolton's Interpretation on Links with Iran
Financial Times - April 11, 2007 - [Letter to Editor] by Janet
Tavakoli
Overlapping Subprime Exposure Masks the Risk of CDOs, Moody's
Says
Bloomberg - April 4, 2007
Credit Raters Rule
LIPPER HedgeWorld (Reuters) - March 26, 2007
The Dangers of Investing in Subprime Debt
Fortune Magazine [Risk, Washington Monthly]- by Bethany McLean
March 19, 2007
Subprime Damaged US's Standing as Global Leader in Finance
Financial Times [Letter to the Editor] - March 19, 2007 - by
Janet Tavakoli
Getting a Handle on CDOs is a Complex Challenge
Los Angeles Times - March 18, 2007
Mortgage Woes Flimsy Excuse for Stock Reversals
Chicago Tribune - March 6, 2007
Buffett Blasts Hedge Fund Fees
LIPPER HedgeWorld (Reuters) - March 5, 2007
Nixing the Notching: SEC Proposed Rules for Credit Rating Agencies
LIPPER HedgeWorld (Reuters) - February 23, 2007
TSF Comments on SEC Proposed Rules on Rating Agencies
TSF - February 13, 2007 - by Janet Tavakoli
Crisis
in Credit Derivatives is Averted - Updated February 7,
2007
LIPPER HedgeWorld.com [Reuters] May 2006 Updated Feb. 7, 2007
- by Janet Tavakoli
Saudi Strides for Structured Finance
LIPPER HedgeWorld (Reuters) - January 26, 2007
Leaders Ask, Is New York Moving to London?
LIPPER HedgeWorld (Reuters) - January 23, 2007
Primus, Athelon Blaze CDPC Trail for Established Structured
Finance Players
Asset Securitization Report - January 15, 2007
Oil Pressure: Fallout from the Iraq Study Group Report
LIPPER HedgeWorld - December 14, 2006 by Janet Tavakoli
Debt Investors' Double Burden
Wall Street Journal - December 12, 2006
Principal Protected Notes Cap Upside, Carry Big Charges
Wall Street Journal - December 9, 2006
Quirkiest Vehicle on the Street
Business Week - November 20, 2006
Questions Lie Behind CPDO Hype
Financial Times - November 14, 2006
Best Practices Among CDO Managers (Clients Only)
Asset Securitization Report - by Janet Tavakoli - November 7,
2006
Tripped Up by Language Landmines
Financial Times - November 3, 2006
LBO Crystal Ball
TheStreet.com - October 27, 2006
Investor Spotlight Falls on the Asset Manager
Financial Times - October 19, 2006
2 Exchanges in Chicago Will Merge
New York Times - October 18, 2006
The Golden Fleece Award for Optional Integrity
LIPPER HedgeWorld [Reuters] - October 2, 2006 [Commentary] by
Janet Tavakoli
Dead Man's Curve [Amaranth Advisors]
LIPPER HedgeWorld [Reuters] - September 22, 2006 [Commentary]
by Janet Tavakoli
Fine Print Bites Deutsche Bank in CDS Suit
TheStreet.com - July 7, 2006
Wall Street Pushes Complex Structured Products...To Individuals
Wall Street Journal - June 21, 2006
Oil and Power: Iran Approach Must Avoid Past Mistakes
LIPPER HedgeWorld [Reuters] - by Janet Tavakoli - June 14, 2006
The Rising Establishment: Women in Credit
Credit Magazine - June 1, 2006
CDO Survey Under Way (Results Available to Clients and Participants
Only)
LIPPER HedgeWorld [Reuters] - May 19, 2006
CME Comments on Debt Securities Rules
LIPPER HedgeWorld.com [Reuters] - April 27, 2006
CDO Industry Braces for Rapid Growth
Asset Securitization Report - April 24, 2006
Doubts Plague Risk Management
Asset Securitization Report - April 10, 2006
Cleaning Up Derivatives One Trade at a Time
LIPPER HedgeWorld.com [Reuters] - March 15, 2006
Lehman Gets Piece of All the Action (Preferred Credit Default
Swaps)
TheStreet.com - March 13, 2006
Funds of Funds and Principal Protected Notes
LIPPER Hedge World [Reuters] January 13, 2006
Deutsche Could Be Tip of Iceberg
Financial Times - January 11, 2006
The Elusive Income of Synthetic CDOs (Clients only)
Journal of Structured Finance Winter 2006 Volume 11, Number
4 - by Janet Tavakoli
2005 After Maths
Financial Engineering News - December 28, 2005
Getting
Rid of Unwanted Leftovers: CDO Equity
Financial Times - December 16, 2005
Calpine Default Jostles the CDO Market
LIPPER HedgeWorld [Reuters] - December 8, 2005
New Players, Old Conflicts
Investment Dealers' Digest - December 5, 2005 (Cover Story)
The
Fourth Dimension (Hoaxy CDO4)
The Wall Street Journal - November 19, 2005
Fast-growing CDO Market Suffers First Teething Problems
Financial Times - November 1, 2005
Delphi Defied: How the Credit Derivatives Business is Finding
Ways to Retain its Poise
Financial Times - November 1, 2005
Banks Face Danger in Delphi
Financial Times - October 25, 2005
Commentary: My Favorite Hedge Fund: Part II
LIPPER HedgeWorld [Reuters] - October 24, 2005 - by Janet Tavakoli
CDOs: Caveat Emptor
GARP Risk Review - September/October 2005 Issue 26 - by Janet
Tavakoli
S&P
Warns of Derivatives Risk
Financial Times - September 27, 2005
The Billion Dollar Question
"
ISR" International Securitisation Report - September 27,
2005
Merrill and Citigroup Top CDO Field
Financial Times - August 31, 2005
Consider the Full Notional Amount of CDOs When Assessing the
Risks and Rewards
Financial Times Letter to the Editor - August 19, 2005 - by Janet
Tavakoli
Wall Street - Exotic Debt May Pose Risk for Investment Banks
Reuters - August 18, 2005
CDO Deals This Year May Top $800 Billion
Financial Times - August 16, 2005
York Calling for Cash for a New CDO Fund
LIPPER HedgeWorld [Reuters] - August 15, 2005
High
Hopes (IMF gets it wrong on asset securitization. Tavakoli comments.)
LIPPER HedgeWorld [Reuters] - August 9, 2005
Bear Stearns Shakes the CDO Honey Pot
TheStreet.com - August 5, 2005
CDOs Unwind with a Whimper
Financial Times - July 8, 2005
How Investors Can Lower Risk When Choosing a Hedge Fund
Financial Times - June 8, 2005 - by Janet Tavakoli
CDS Market Heightens Profile
LIPPER HedgeWorld - June 1, 2005
Derivatives Spread - and Heighten - Risk
Wall Street Journal - May 29, 2005
My Favorite Hedge Fund
LIPPER HedgeWorld - May 26, 2005 - by Janet Tavakoli
"Model Monkeys" Lose
Track of Reality
Financial Times - May 20, 2005
The Synthetic CDO Shell Game
Investment Dealers' Digest - May 16, 2005 (Cover Story)
Bonds Shine as Safe Havens Amid United, GM Woes
Chicago Tribune - May 12, 2005
Risky Strategies Take Toll on Traders
Wall Street Journal - May 11, 2005
Sobering News on CDOs in Moody's Report (Hedge Funds Short BBB)
LIPPER HedgeWorld [Reuters] - May 11, 2005
Coping with Credit in a Climate of Default
Corporate Finance - originally published March 2002 - Adapted
and Updated May 2005
CDOs Can Confuse Bank Managers
Financial Times - April 26, 2005 by Janet Tavakoli
The Challenge of CDO Squared
Risk Magazine - March 2005 /Volume18/No3
BIS Stress Tests Structured Finance
ISR International Securitisation Report - March 1, 2005
UK's FSA Concerned About Sloppy Back-Office Work
LIPPER HedgeWorld [Reuters] - February 24, 2005
More Accounting Issues at Fannie Mae
TheStreet.com - February 23, 2005
How Will Bond Market React to Citigroup Trades?
Financial Times - February 7, 2005 by Janet Tavakoli & FT
follow-up on costs February 12, 2005
Structured Finance: Rating the Rating Agencies
GARP Risk Review Issue 22 January/February 2005 - by Janet Tavakoli
In With the In Crowd (Hedge Funds, Geithner, and Tavakoli)
ISR International Securitsation Report - February 1, 2005
STRUCTURED CREDIT: The Trials of Tranching
International Financing Review - IFR Magazine - October 25, 2004
CDO Arrangers' Correlation Books
Securitization News - October 4, 2004 - Vol. II, No. 40 - by
Janet Tavakoli
Fannie Mae: Key Questions Set to Shed Light on Lender
Financial Times - September 29, 2004
Fannie's Raines Feels Heat as Stocks Slump
TheStreet.com - September 23, 2004
Profile: Banc of America Securities
US Credit - September 1, 2004
Fees / Money for Nothing?
ISR International Securitsation Report - September 1, 2004
Dying for 8% a Year
TheStreet.com - August 03, 2004
Invisible
Hedge Funds (Banks' Trading Desks)
GARP Risk Review July/August 2004 Issue 19 - by Janet Tavakoli
Post-Enron, Structured Finance Addiction Hasn't Ebbed
TheStreet.com - July 29, 2004
Barcap / New CFO Structures Add Up
ISR International Securitsation Report - July 24, 2004
Martha Stewart: The Irony Maiden Hates to Lose
The Yearbook - July 14, 2004 - by Janet Tavakoli
Fresh EU Accounting Rules in Jeopardy
IR Magazine - June
18, 2004
Ultimate Leverage
HedgeWorld's Accredited Investor June 2004 - by Janet Tavakoli
What Goes on in Vegas Reaches Wall Street
Wall Street Journal - June 11, 2004
Speaking the Right Language: CDO Managers, Mezzanine, and Equity
ISR International Securitisation Report - May 2004 and reprinted
in
Financial Engineering News - July/August 2004 Issue No. 38
FASB in Error on Options Valuation
Financial Times - April 5, 2004 - [Letter from Janet Tavakoli]
Derivatives Accounting Reform in Europe Faces End-of-Year Deadline
HedgeWorld - February 27, 2004
Market-Timing Was Very Good to Michael Sassano
TheStreet.com - January 16, 2004
Investors Are the Gullible Ones if They Rely on Ratings as Indicators
of Financial Robustness
Financial Times - December 29, 2003 - by Janet Tavakoli
Parmalat Probers Are Likely to Focus on Role of Banks
Wall Street Journal - December 24, 2003
Understanding
the Risk in Structured Deals: A Large Part of "Super
Senior" Isn't "AAA"
Forbes.com and Reuters - December 22, 2003
CDO Evolution Creates New World of Risk
Risk Professional (formerly GRR) November/December 2003 Issue
15
Buyer Beware
International Financing Review (IFR Magazine) Derivatives 2003,
Issue 1507 - Oct. 25, 2003
by Janet Tavakoli
Landesbanken: even lower rating may be in order
Financial Times - December 1, 2003 Leaders & Letters
- by Janet Tavakoli
Cover Story - Why These Folks Mean Business (Sarbanes-Oxley)
Finance World - October 2003
FIN 46 Interview
Securitization News and Loan Market Review - October 27, 2003
- Interview with Janet Tavakoli
Currency Convertibility Protection: The Forgotten Credit Derivative
Derivatives Week VOL. XII, NO. 41- October 13, 2003 - by Janet
Tavakoli
Fast Growing Sector Hits Unlikely Roadblock (Cash High Yield
CDOs)
Financial Times - October 1, 2003
Hedge Funds Face SEC Oversight
IR Magazine - September
30, 2003
Want Good Numbers? Watch Your Language
HedgeWorld - September 24, 2003
Tough Times Continue at Freddie Mac
Financial Times - August 25, 2003
Freddie Report Highlights New CEO's Questionable Role
International Financing Review (IFR) Issue 1494 - July 26, 2003
Freddie Mac Report Soft Pedals Thorny Case
The Street.com's Real Money - July 24, 2003
FIN 46 May Result in 'Courting' of Hedge Funds
HedgeWorld - July 22, 2003
Freddie Hides in the Hedges
Wall Street Journal - July 15, 2003
Raising the Bar on Off-Balance Sheet Finance
TheStreet.com - July 4, 2003
Cracking Correlation - Credit Default Swaps
Credit Risk - July 2003 Volume 16/No7
Freddie Mac Takes On Full House of Derivatives
Wall Street Journal - June 30, 2003
Concentration of Firms Handling Freddie Mac Derivatives Causes
Concern
Securities Week - June 30, 2003
Book Debates Racing Deal
Financial Times - June 28, 2003
A Mysterious World
Risk Professional (formerly GARP Risk Review) May/June 2003 Issue
12
Credit Derivatives
Risk Professional (formerly GARP Newsletter) May 2003
Former WestLB Banker Tavakoli Starts Credit Derivatives Firm
Bloomberg News - April 3, 2003
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