An up–to–date look at the exploding CDO and structured credit products market In this fully updated Second Edition, financial expert Janet Tavakoli provides readers with a comprehensive look at the CDO and structured credit products market amid recent developments. In addition to a detailed overview of the market, this book presents key issues in valuing structured financial products and important quality control issues. Tavakoli shares her experiences in this field, as she examines important securitization topics, including the huge increase in CDO arbitrage created by synthetics, the tranches most at risk from new technology, dumping securitizations on bank balance sheets, the abuse of offshore vehicles by companies, the role of hedge funds, critical issues with subprime, Alt–A, and prime mortgage securitizations, and securitizations made possible by new securitization techniques and the Euro. While providing an overview of the market and its dynamic growth, Tavakoli takes the time to explore the types of products now offered, new hedging techniques, and valuation and risk/return issues associated with investment in CDOs and synthetic CDOs.
Janet Tavakoli was born and raised in Chicago, Illinois. She has worked as a chemical engineer, lived with her ex-husband in Iran when the Shah was overthrown, and afterwards returned to the States where she got her MBA and worked for Wall Street firms in New York and London. She now heads her own financial consulting firm.
She's a well-known writer of non-fiction financial trade books giving early warning about peril to the global financial system: "Credit Derivatives," "Collateralized Debt Obligations," "Structured Finance," and "Dear Mr. Buffett." "The New Robber Barons," an eBook, is a compilation of her commentaries since the September 2008 financial crisis. Her fiction debut is a fi-fi (financial fiction) thriller steeped in Vatican and Roman intrigue: "Archangels: Rise of the Jesuits."
Ms. Tavakoli is frequently published and quoted in the Wall Street Journal, Financial Times, New York Times, Business Week, Bloomberg News, and more. She is also a frequent front page writer at the Huffington Post. Frequent television appearances include CBS's 60 Minutes, CNN, C-Span, CNBC, BNN, CBS Evening News, Bloomberg TV, Fox, ABC, and BBC.