Along with Bill Black, Frank Partnoy, Elliot Spitzer and other people with expertise in financial crime, Janet Tavakoli has been writing about corruption at the root of the global financial crisis for some time. Here she turns her attention to the consequences on the middle class and poor, who have borne the brunt, while the perps were bailed out and have gone scott free.
The post is pretty dramatic. Scary, in fact.
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 associate professor of derivatives at the University of Chicago's Graduate School of Business. Author of: Credit Derivatives & Synthetic Structures(1998, 2001), Collateralized Debt Obligations & Structured Finance (2003),Structured Finance & Collateralized Debt Obligations (John Wiley & Sons, September 2008). Tavakoli’s book on the causes of the global financial meltdown and how to fix it is: Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street (Wiley, 2009).