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Texrex2002, I did too, at first. I was pleasantly surprised, especially by the book. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/WA20Am0pwtA&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

Borrowers have responsibility, and many people still have too much debt and too little equity in their homes. Add to that a mountain of credit card debt combined with the 2005 bankruptcy law changes (making it harder to clear credit card debt), and many people won’t see daylight in their...

He sort of gets it, but he seems to be in the "models killed Wall Street crowd. Here's another point of view: http://www.tavakolistructuredfinance.com/TSF17.html Malfeasance - Not Models - Killed Wall Street TSF - February 24, 2009 by Janet Tavakoli Paul Volcker, former U.S. Federal...

That is not what it is about, so you would be in for a surprise. You might try listening to the beginning at least. Tavakoli talks about Bush's issues, and expands on that in her book: Dear Mr. Buffett. He rewarded the former CEO of predatory lender, Ameriquest, and pushed the housing agenda...

We agree she knows her stuff, and she debunked some of the hokum pushed by younger guys including some Goldman alums, Taleb (she says the models are flawed, all models are flawed, but that was not the root cause of this problem), Blackrock and more. This is an incredible story in the FT. Fed...

Tavakoli gives a great analysis, and points out this was a bi-partisan let-down. She explains Bush's role, Franks, Dodd, investment banks, rating agencies, Congress, mortgage lenders, investors, Paulson, Geithner, Bernanke, the SEC and more. It is long, but worth it. She also adds notes here...

Yesterday, Steve Forbes called for Geithner's resignation (before the NYTimes article appeared) http://www.forbes.com/2009/04/24/steve-forbes-geithner-intelligent-investing-fed.html GEITHNER SHOULD RESIGN FORBES - April 27, 2009 by Steve Forbes Timothy Geithner, get out of the way...

Tavakoli also predicted the meltdown in a very specific way. She also predicts inflation in her book, DEAR MR. BUFFETT. It's a fast read, and she names the culprits. http://www.ft.com/cms/s/2/caf27fa0-fedf-11dd-b19a-000077b07658.html...

A agree, AK100. But if you were referring to the post above your comment, it was Steve Forbes calling for Geithner's resignation.

http://www.forbes.com/2009/04/24/steve-forbes-geithner-intelligent-investing-fed.html GEITHNER SHOULD RESIGN Forbes.com Steve Forbes 04.27.09, 6:00 AM ET Timothy Geithner, get out of the way! It looks to me like our Treasury secretary, a few months into the job, is trying to usurp Hank...

Good point, endsongs. Here's the transcript that goes with the video: http://www.q-and-a.org/Transcript/?ProgramID=1228

She did say that selling the phony securitizations may be a violation of securities laws, and then on her site says it is a matter for the Department of Justice. This came out before the news about Paulson pressuring Ken Lewis not to disclose losses to shareholders prior to the Merrill...

This is a pre-interview to a taped interview with Steve Forbes and Janet Tavakoli that Forbes.com says will be on its web site on Monday. In Tavakoli's interviews she says a large part of the problem was leverage combined with risky fixed income products: a formula for disaster. But she...

She wasn't speaking to his tenure as Treasury Secretary, but to subsequent events at Citigroup.

Tavakoli made a good case for what she called the "dilution of democracy" in this C-Span interview: Tavakoli's end notes are interesting, too, since she adds more about inflation's potential to devalue bank deposits: http://www.tavakolistructuredfinance.com/CSPAN.html <object width="425"...

Brian Lamb, CEO of C-Span, interviewed Janet Tavakoli regarding the causes of the global financial meltdown and how to fix it. She said Tim Geithner’s cozy relationship with bailees made his appointment a mistake. Hank Paulson was an "interested man," Robert Rubin was hyped as "risk wizard"...

The NY Times story may not have gone far enough. The press has been focused on the mortgage related CDS transactions, but it seems only a handful of people in AIGFP were actually working on derivatives. I heard most of the unit was engaged tax avoidance arbitrage. Lobbying political and tax...

I wish I had paid more attention at the time. Thank you Pa(b)st Prime, interesting stuff.

I don't recall the details, but when Continental Bank went under, members of the exchange had trouble with their credit lines. It would be interesting to see what problems emerged then.

Today's WSJ DealJournal is pretty balanced: http://blogs.wsj.com/deals/2009/03/26/its-2009-do-you-know-where-your-bank-analyst-is/tab/print/ It’s 2009. Do You Know Where Your Bank Analyst Is? March 26, 2009 by Heidi Moore Research analysts have always had it fairly tough on Wall Street...