University of Texas economics professor James K. Galbraith previously said that fraud caused the financial crisis:
You had fraud in the origination of the mortgages, fraud in the underwriting, fraud in the ratings agencies. Senator Kaufman said la…
Posts Tagged ‘Janet Tavakoli’
Economist James Galbraith: Economists Should Move into the Background, and “Criminologists to the Forefront”
April 22nd, 2010 |
No Comments
Everything You Need to Know About Dodd’s Financial Reform Bill: “This Legislation Will Not Stop the Next Crisis from Coming”
March 15th, 2010 |
No Comments
Instead of going into a lengthy analysis about the pros and cons of Chris Dodd’s financial reform bill, I’ll let the Senator speak for himself:This legislation will not stop the next crisis from coming. No legislation can…What Dodd is really saying i…
Former Managing Director of Goldman Sachs: Accounting Fraud of the Too Big to Fails May Be Worse Than Enron
December 2nd, 2009 |
No Comments
Nomi Prins – former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London – is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make the…
Tavakoli on AIG Swaps: “There’s No Way They Should Have Paid at Par. AIG Was Basically Bankrupt”, and Goldman Sachs CFO Lied About AIG
October 27th, 2009 |
No Comments
Derivatives expert Janet Tavakoli made the following comments by email about the Bloomberg article “New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers”: “There’s no way they should have paid at par,†she says. “AIG was basically ban…
Tavakoli: “We Should Impose a 95% Excess Profits Tax—Or Windfall Profits Tax—On Certain Financial Institutions… Enriching Themselves” at Our Expense
October 20th, 2009 |
No Comments
The following is an advanced copy of an essay by Janet Tavakoli to be released tomorrow. Reprinted with permission of Tavakoli Structured Finance.Warren Buffett’s Wall Street WarBy Janet TavakoliOctober 20, 2009In a January 2009 interview with NBC 
The Ongoing Cover Up of the Truth Behind the Financial Crisis May Lead to Another Crash
October 15th, 2009 |
No Comments
William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is t…
China Has Already Walked Away from Derivatives Contracts
October 6th, 2009 |
No Comments
You’ve probably heard that China has threatened to walk away from certain commodity derivatives contracts. As Reuters reported in August:A report that Chinese state-owned companies will be allowed to walk away fromloss-making commodity derivative trade…
Expert on Structured Finance and Derivatives: Rampant Fraud and Ponzi Scheme Caused Crisis
October 4th, 2009 |
No Comments
Janet Tavakoli is one of the foremost experts on structured finance and derivatives.Tavakoli made an outstanding presentation to the IMF last week on the fraud which led to the financial crisis.Tavakoli was kind enough to send me a summary of the IMF p…