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Tavakoli Presentation at Federal Housing Finance Agency

Tavakoli Presentation at Federal Housing Finance Agency

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Published by Robert Wenzel

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Categories:Types, Business/Law
Published by: Robert Wenzel on Dec 08, 2010
Copyright:Attribution Non-commercial

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07/18/2012

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Janet Tavakoli, PresidentTavakoli Structured Finance, Inc.December 8, 2010
Repairing the Damage of
“Fraud as a Business Model”
 
Presentation to theFederal Housing Finance Agency Supervision Summit
Washington, D.C.
 
TSF 
2
“The dispersion of credit risk by banks to a
broader and more diverse set of investors,rather than warehousing such risk on theirbalance sheets, has helped to make thebanking and overall financial system more
resilient.”
 
IMF Global Financial Stability presentation, April 13, 2006
IMF: I’M Fantasizing
 
TSF 
3
Securitization professionals at severalfinancial institutions knowingly bundled fraudriddled loans into RMBS. New investorsneeded to pay-off old investors. To delaybeing busted, they escalated and sped up the
fraud. This required more “complexity” and the
involvement of more cronies.Many CDOs and virtually every CDO-Squaredwere more fraud to cover-up fraud.
Widespread Interconnected Ponzi Scheme

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