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Collateralized Debt Obligations and Structured Finance
Collateralized Debt Obligations & Structured Finance is the original first edition by finance expert Janet Tavakoli who warned in advance of the coming global financial crisis.
This is the book Michael Burry told Congress he read before he put on “the big short” mentioned in Michael Lewis’ book. Burry made a fortune because he was short. Those who were long lost their shirts and U.S. taxpayers gave bankers the biggest no-strings-attached bailout in the history of the world.
Tavakoli’s 2003 classic reveals grave flaws and incorrect ratings of structured financial products. Many banks and hedge funds used this book as a manual to create flawed products instead of using it as a warning for investors. Investors who listened to Tavakoli prospered.
Janet M. Tavakoli, MBA (Chicago, IL), has over eighteen years of experience trading, structuring, and marketing derivatives and structured products with major financial institutions in New York and London. She is also the author of Credit Derivatives and Synthetic Structures, now in its Second Edition (0-471-41266-X).
This is the book Michael Burry told Congress he read before he put on “the big short” mentioned in Michael Lewis’ book. Burry made a fortune because he was short. Those who were long lost their shirts and U.S. taxpayers gave bankers the biggest no-strings-attached bailout in the history of the world.
Tavakoli’s 2003 classic reveals grave flaws and incorrect ratings of structured financial products. Many banks and hedge funds used this book as a manual to create flawed products instead of using it as a warning for investors. Investors who listened to Tavakoli prospered.
Janet M. Tavakoli, MBA (Chicago, IL), has over eighteen years of experience trading, structuring, and marketing derivatives and structured products with major financial institutions in New York and London. She is also the author of Credit Derivatives and Synthetic Structures, now in its Second Edition (0-471-41266-X).
338 pages, ebook
First published August 28, 2003
10 people are currently reading
395 people want to read
About the author
Janet M. Tavakoli
20 books78 followersFinance Expert & Author
Janet Tavakoli is the founder and president of Tavakoli Structured Finance, a Chicago-based consulting firm established in 2003. Internationally recognized as a finance expert, Business Week called her the "Cassandra of Credit Derivatives" for predicting the financial crisis. This profile features her acclaimed nonfiction finance books and business expertise.
Ms. Tavakoli posts topical finance updates at her business site: Tavakoli Structured Finance.
Fiction Writing: Author Janet Tavakoli has written the well-received financial murder mystery Archangels: Rise of the Jesuits. She also writes science fiction using the pseudonym Michael K. Clancy, creating the acclaimed Zombie Apocalypse series. She posts fiction updates at: Janet Tavakoli, Science Fiction and Mystery Author.
Media Recognition: She is frequently published and quoted in financial journals including The Wall Street Journal, The Financial Times, New York Times, The Economist, Business Week, Forbes and Fortune. Television appearances include CBS's 60 Minutes, CNN, C-Span, CNBC, Fox, CBS Evening News, Bloomberg TV, and BBC.
Education: Ms. Tavakoli earned a Bachelor's degree in Chemical Engineering from the Illinois Institute of Technology and an MBA in Finance from the University of Chicago's Booth School of Business, where she served as adjunct associate professor of finance.
Books by Janet Tavakoli
Finance & Business: Credit Derivatives (John Wiley & Sons, 1998, 2001, 2022)
Structured Finance & Collateralized Debt Obligations (John Wiley & Sons, 2003, 2008): an exposé of grave flaws in the structure, sales practices, and methodology for rating structured financial products.
Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street (John Wiley & Sons, 2009): the causes of the greatest credit bubble in the history of the world, how we could have avoided it and how we can prevent it from happening again.
The New Robber Barons (2012): Janet Tavakoli's ongoing chronicle of the global financial crisis captured in her articles from the September 2008 meltdown through February 2012.
Nonfiction: Decisions: Life and Death on Wall Street: Janet Tavakoli's nonfiction account of Wall Street skullduggery.
Unveiled Threat: A Personal Experience of Fundamentalist Islam and the Roots of Terrorism: Janet Tavakoli's autobiographical account.
Fiction: Archangels: Rise of the Jesuits: Janet Tavakoli's financial fiction thriller debut.
Janet Tavakoli is the founder and president of Tavakoli Structured Finance, a Chicago-based consulting firm established in 2003. Internationally recognized as a finance expert, Business Week called her the "Cassandra of Credit Derivatives" for predicting the financial crisis. This profile features her acclaimed nonfiction finance books and business expertise.
Ms. Tavakoli posts topical finance updates at her business site: Tavakoli Structured Finance.
Fiction Writing: Author Janet Tavakoli has written the well-received financial murder mystery Archangels: Rise of the Jesuits. She also writes science fiction using the pseudonym Michael K. Clancy, creating the acclaimed Zombie Apocalypse series. She posts fiction updates at: Janet Tavakoli, Science Fiction and Mystery Author.
Media Recognition: She is frequently published and quoted in financial journals including The Wall Street Journal, The Financial Times, New York Times, The Economist, Business Week, Forbes and Fortune. Television appearances include CBS's 60 Minutes, CNN, C-Span, CNBC, Fox, CBS Evening News, Bloomberg TV, and BBC.
Education: Ms. Tavakoli earned a Bachelor's degree in Chemical Engineering from the Illinois Institute of Technology and an MBA in Finance from the University of Chicago's Booth School of Business, where she served as adjunct associate professor of finance.
Books by Janet Tavakoli
Finance & Business: Credit Derivatives (John Wiley & Sons, 1998, 2001, 2022)
Structured Finance & Collateralized Debt Obligations (John Wiley & Sons, 2003, 2008): an exposé of grave flaws in the structure, sales practices, and methodology for rating structured financial products.
Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street (John Wiley & Sons, 2009): the causes of the greatest credit bubble in the history of the world, how we could have avoided it and how we can prevent it from happening again.
The New Robber Barons (2012): Janet Tavakoli's ongoing chronicle of the global financial crisis captured in her articles from the September 2008 meltdown through February 2012.
Nonfiction: Decisions: Life and Death on Wall Street: Janet Tavakoli's nonfiction account of Wall Street skullduggery.
Unveiled Threat: A Personal Experience of Fundamentalist Islam and the Roots of Terrorism: Janet Tavakoli's autobiographical account.
Fiction: Archangels: Rise of the Jesuits: Janet Tavakoli's financial fiction thriller debut.
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Displaying 1 of 1 review
March 7, 2021
Much of this was over my head. However I did gain a lot by repetition and there were some pearls that I did understand. Gave some interesting insight into how the financial world uses obfuscation and structuring to handle risk.
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