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Monday, November 7, 2011

[socialist-econ] Janet Tavakoli: Bloice's Quote of the Day

via Carl Bloice

Quote of the Day
November 6, 2011

'The problems that we've had since the inception of the
credit derivatives market have never been solved in any
meaningful way. How many times do we want to live
through this?

'...At this late date we still don't know the risks
that are out there. This market is opaque, bespoke, and
the regulators don't know what they're doing.'

Janet Tavakoli, president of
Tavakoli Structured Finance
and an authority on these instruments.

New York Times
November 6, 2011

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