Janet Tavakoli calls it as she sees it — and what she often perceives isn’t a pretty picture. But for any advisor, or other investment professional, to ignore this industry veteran’s razor-sharp insights would be folly.
A gutsy critic of both Wall Street and the federal government, the Chicago-based consultant, specializing in derivatives and structured products, pulls no punches. Through her independent research into the global financial crisis, Tavakoli uncovered what she calls massive, widespread fraud committed by a network of mortgage originators, securitizers, and rating and regulatory agencies, among others.
The remainder is a nice Q&A, along with a brief biography. And as usual, Janet pulls no punches, and lays forward what I believe is the operating model being run at this point: The game is to run the statute of limitations so that the guilty cannot be prosecuted.
And we, the people, sit quietly while we get repeatedly screwed.
Get up and go look in the mirror for the real guilty parties folks....
The link above is a "must read."
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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