Tavakoli Structured Finance LLC

The Financial Report

By Janet Tavakoli

The Great Gold Conspiracy of 1869

The Great Gold Conspiracy of 1869. Depicted are Jay Gould, James Fisk Jr., and Arthur Kimber

Gold Ring speculators led by arch-conspirator Jay Gould and James Fisk, Jr., drove up gold prices on September 24, 1869, causing the Black Friday panic and months of economic upheaval. (Updated: May 2025)

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The Broadcast That Changed Everything

Decisions Life and Death on Wall Street by Janet Tavakoli - Wall Street memoir

Sometimes the most defining moments of our careers happen not when we achieve great success, but when we decide what we won’t tolerate in pursuit of that success.
(Updated June 2025)

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Fed Unveils Headache Free QE Math

QE Math Tavakoli Structured Finance Spoof

Do derivatives confuse you? Do you hate bond math? We feel the same way! So we simplified your life with headache free QE math.
— The Federal Reserve Board We-Hate-Math Committee

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Nuclear Iran and Islam: A Clear-Eyed Assessment

Political map of Middle East showing Iran nuclear threat regional implications 2025

After witnessing the Islamic Republic of Iran systematically violate human rights, persecute religious minorities, adopt sharia law, murder dissidents, and force the judiciary to serve the Ministry of Intelligence, I’ve reached a stark conclusion: the worst thing that can happen to any free Western nation is allowing Islamic fundamentalists to gain control of government. Most

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China’s Challenge to US Dollar: From 2009 Warning to 2025

Traffic officer in Chinese commercial district with Mao portrait, representing China's managed economy

Updated in June 2025 from October 6, 2009 commentary by Janet Tavakoli Executive Summary Sixteen years after my initial commentary warning of China’s challenge to the dollar’s dominance, the trajectory I identified has not only continued but accelerated dramatically. What began as isolated Chinese bank defaults on derivatives contracts has evolved into a comprehensive, multi-faceted

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MF Global Bankruptcy & Jon Corzine’s TRS: $1.6B Went Missing

MF Global tri-party repo diagram: Jon Corzine's trades were actually total return swaps, disguised as repos to avoid regulatory oversight.

Cash in customers’ accounts may be invested in allowable transactions, and MF was allowed to make extra revenue from the income. But what isn’t allowed, and what MF Global apparently admitted to doing, is to commingle customers’ money with its own and take money from customers’ accounts to meet margin calls on MF Global’s own allowable transactions. Even if all of the money is eventually clawed back and recovered, this remains an impermissible act.

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More Than One Million Reasons to Lie about Structured Finance

Note: This was the lead article in the Spring 2019 edition. The Journal of Structured Finance Spring 2019, 25 (1) 8-20; Janet M. Tavakoli

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Video: Foreclosure Fraud is a Crime (C-Span)

C-Span Washington Journal – December 9, 2010. Susan Swain and Janet Tavakoli

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Brexit: Why should the British not reject feckless policies?

Wall Street Point of View by Henry Clews - 19th century trade insights applied to Brexit analysis"

At issue is self-determination, the ability to make and enforce laws. It is unwise to ignore that 1,000 years of English Common Law, a legal system that was successfully exported around the world, was on the brink of eradication.

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Swiss National Bank Cuts to Zero: Decade After Franc Shock

British gold sovereign showing St. George slaying dragon - central bank gold reserves symbolism

Don’t you just love the phrase, “prepared to buy foreign currency in unlimited quantities.” Some central banks were prepared to sell in unlimited quantities,

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Peterffy’s HFT Solution for Genuine Market Making

Thomas Peterffy, Chairman and CEO of Interactive Brokers, proposed this solution years ago, including in testimony before the U.S. Congress.

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Unveiled Threat

In September 2014, Tavakoli asked His Excellency Iyad bin Amin Madani, Secretary General of the Organization of Islamic Cooperation (OIC), why criminals from so many different countries and cultures continue to band together in the name of Islam to commit mayhem and murder authorized by the highest levels of Islamic clergy.

He dodged the question.

Unveiled Threat is her response based on her personal experiences and study of the roots of terrorism.

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