Q&A: Janet Tavakoli

[jgc1077]

This is a great woman. I just wish he'd shut up and let her talk.

[jtavakoli1]

An earlier comment incorrectly claimed I’m the Queen of RAVs, a woman portrayed in Frank Partnoy’s book, F.I.A.S.C.O. It’s a case of mistaken identity. That woman still works at Morgan Stanley; I never did. Personally, I believe that Partnoy painted an inaccurate picture of her, but to be clear she and I are not the same person. Frank Partnoy will be happy to confirm that I am not the woman in his book. See also the disclaimer in the news section of my web site.

Janet Tavakoli

[MrGutley]

What a shameless hypocrite the Queen of RAVS is.

[daveusaz1218]

Why isn't somebody like this in charge of the treasury and monitoring the fed? Oh, she knows what she's talking about and can recognize fraud.

[rvrola]

@daveusaz1218

Simple answer - The USA is being run by puppets of the real enemy - The INTER-APLHA GROUP OF BANKS - ANGLO-DUTCH OLIGARCHIES

To learn more about the truth - LPACTV.COM

[LetterToVoltaire]

another thing, looking at a few comments on this thread. Wow, now I KNOW EXACTLY why this shit will never be in the limelight, the world is full of lackluster thinkers. She's not obsessing over buffet you schmuck, she's exposing him for what he is. An insider trading informational knowledge to the highest biddger, the SEC, the justice department, FBI are all in it together. Frauding the american people and making us forever a debter nation. Doom and gloom??? what would you call our situation?

[rvrola]

@LetterToVoltaire

The whole world is now going in to the NEW DARK AGE - learn more of the truths at LPAC.com

[LetterToVoltaire]

It's not about the program being an hour, or that the information is vital to our economic policy, it's the fact that this country is apathetic in everyway. If you think things are going to change without applying this type of knowledge to policy and reform then you should probably just keep taking your prescriptions and go back to sleep.

[dimonsaredead]

Americans need to wake up. There are people who think they are unaffected by the housing fraud b/c they didn't purchase or try to sell their home in the past 5 years. Every American has been effected. Someone needs to pull the plug on the pixie stick tv and educate Americans. A revolution is due. Stop paying your mortgages. Americans need to follow the Egyptian citizens lead...politicians and bankers are sucking the blood out of every honest working person in this country. It has to end.

[andersottesen]

Dont blame the people that made money of a broken system. But go after the people that still make money of the broken system and make them stop. But first of all fix the broken system, and to fix a problem you have to know what is wrong. Much of the problem can be traced back to the Greenspan Put, and later the Bernanke Put. I blame the FED!

[yoyo762]

And the market booms higher and the economy grows solidly.

Tavakoli is a total apocalyptic idiot. She knows gloom and doom sells.

Yeah, janet, maybe we should trade cows and carrots rather than have a vibrant, financial system. Total wacko nutjob.

[TheRockPost]

I can't believe this lady is almost 60!

[blinkosodou]

Thank you Ms. Tavakoli for your tireless efforts. Please keep spreading the truth. Look for larger venues, better interviewers... perhaps Oprah?

Kudos!!!

[aurmont8]

Number of viewers is disappointing. But hey, why watch it? People are stuffed with pop corn, coca cola and Lady Ga Ga and are pretty happy.

P.S. I agree with some that the interviewer is also disappointing and weak.

[clintonlies]

nobody in America is smart enough to understand this let alone

even spend 1 hr to listen to it.

that is the real problem.... watch sports for hours on end... that is the reason for sports on tv today.

[clintonlies]

phoney means fake or false you know FRAUD !!!!

why has nobody gone to jail for this ?????

[clintonlies]

foony means fake or false you know FRAUD !!!!

why has nobody gone to jail for this ?????

[dirkdiggler404]

Janet is such an intelligent woman and I have no idea why she fawns all over Warren Buffet.

[circuitdesign]

@dirkdiggler404 She doesn't seem to think too highly of Buffet anymore. Listen to this more recent interview:

getsmartaboutbanks(dot)com/201­0/11/janet-tavakoli-calling-it­-as-it-is-foreclosure-fraud-fr­aud-on-the-courts-fraud-as-a-b­usiness-model/

[ybtutube]

what a straight shooter but 46K views only? this vid should have 46 million views by now....obama needs to drop the 'interested men' he got hanging around him and surround himself with the likes of Brooksley Born, Elizabeth Warren, Janet Tavakoli, and Sheila Bair...we would have been much better-off

@jayangli - i agree with you even through she is old enough to be may mom...that means she is really hot :-)))

[jayangli]

shes really hot. i like her

[noodoo19]

janet - just run for president. the world needs your pure insight and candor. not to mention, you're beautiful... and how could that hurt?

[TheAtheistworld]

dear janet,

put your money, debts, banks, slavery, mortgages, monetary value and similar "good" things deep inside your ass till the suffocation comes. thanks.

[Defenderoftruth100]

@TheAtheistworld You are spreading misogyny and hate. Did you forget to take your meds?

[TheAtheistworld]

@Defenderoftruth100 and the reason is fools like u... i'll come for u all..

[Defenderoftruth100]

@Defenderoftruth100 LOL. You say you, will come, and underestimate how ready decent people are to deal with you, if it comes to that, because being decent is not the same as being weak. But you can have this thread if you want it, knock your self out here and vent your frustrations, since it seems you aren't inclined to get the help you clearly need.

[thomaserossi]

@TheAtheistworld - Spoken like a true fascist.  You're so indoctrinated you're beyond stupid. You're too stupid to understand that your diction and thinking is a mirror image of the Weimar malcontents.

[TheAtheistworld]

@thomaserossi its worse than that... and im commin for you too..

[TAXtheAtheist]

We must end these Jewish Transgressions.

[pobaldy66]

forget elizabeth warren, tavakoli is willing to name names.

[phdecora]

did she just say 'financial meth labs'? lol.. thats brilliant.

[Rustyshackleford08]

The FDIC will not eb able to stop this.

[Cuchifrito]

She's honest. How refreshing!

[esotericist]

beautiful lady...

[landenberg2341]

Financial Meth labs is awesome! I want some perp walks! Where are my convictions?

[KillKeynes]

She calls us a democracy... we're supposed to be a republic. I wonder if she has read the Constitution before.

[emaij]

Completely agree with her analysis.

[Freestyle1836]

This video is fact based and contrary to what another commenter said, it is very clear and nothing in it has anything to do with a fear book.". I read the book and it gives facts with references in a straightforward way, as does this video. The potent addictive painkillers (cheap funding provided by taxpayers and new accounting rules that allow banks to make up profits) make it seem as if the market is sound, yet unemployment is over 10%.

[kja5]

This entire hour long interview summed up in one word:

HYPERINFLATION

[freebird100]

"financial meth labs" There`s a new one.

[BlueEagle8]

At 5:50 she is wrong. Worry about your fiat FRNs in the bank. The FDIC has no more money, so they will go to the Fed to print up more. Yeah, you will technically get your money back, but you won't be able to buy anything with it, when it costs 50,000 FRNs to buy an apple.

[libertyeconomics]

I agree with you. The FDIC has no money. The FDIC is backstopped by the Treasury, which is backstopped by the Fed, which is backstopped by a printing press. All the FDIC is guarantee the nominal value of your bank account by having the money printed. The best thing to do is to let the bank runs happen and put the bank's assets into the receivership of its depositors.

[DavidAKZ]

The origin of Credit Derivatives tinyurl . com / n4xlj3

[mohairsammy]

This is an extremely helpful interview in terms of understanding these complicated instruments. Janet excels at explaining these at a level I can understand.

[personova]

The stall for time of unwinding the CDOs is highly dependent on the underlying asset class, real estate. Both residential and commercial.

A reversal in Case-Shiller pricing trend, a residential pricing example, could trigger a cascade failure with banks in the process of deleveraging by the many Treasury/Fed programs.

The complex instruments have relative solvency in underlying asset price increases.

Postponing debt deleveraging, by delaying insolvency increases the risk of crisis.

[personova]

At times, the segment sounded like a job interview, although Janet's background is interesting, some questions, IMHO, were a relative waste of Janet face time.

The line of Geithner questioning should have lead to Greenspan/Bernanke Federal Reserve failure to step in and pressure the SEC to investigate these banking practices. The FED exists to prevent this type of banking systemic risk.

The Obama topic should have lead to executive branch fiscal irresponsibility.

[wilwon33]

Janet Tavakovi's explanation of events related to the crony capitalists splurge in the past few years is excellent. Too bad that most people will not take the time to watch this interview; they could learn what a sorry bunch of Congressional leaders inhabit the US H o Representatives. Her comments indicate that B Obama put the foxes in charge of the hen house (just as his recent predecessors in the White House have done).

[TheMadronas]

In a couple of months the appendix will explode...

[danno321s]

I would like to know how Mr. Buffet (an insurance man at heart) did not see the fraud in the reports he received from his CEO at General Reinsurance concerning its business with AIG (prison sentence stuff). Mr Buffet was on top of everything but this? And does the insurance arm share information with the investing arm...something about insider trading or the like one step removed.

[danno321s]

Read "Financial Fiasco" for an understanding how the Credit Ponzi Scheme developed over a period of some 30 years starting when under Jimmy Carter the rating agencies started to bill the issuer not the bond buyer as before. It was all downhill form that point. Then add CDO with fraudulent ratings (AAA!!!) and bingo Disaster!!!

[after1001]

Doesn't see see a moral hazard created by the FDIC limit? We don't scrutinize what the banks are doing with our money, that leads to a lot of shenanigans.. it's the moral hazard that allowed the banks to do whatever they want with our deposits - we're insured by FDIC, why should we care? Yet she wants to INCREASE the limit, thereby increasing the moral hazard? I think she contradicts herself over and over. She could learn a thing or two from Peter Schiff.

[danno321s]

Because of government intervention most people do not look after their money properly. The "moral hazard" applies to the depositor AND the banker. Money is nothing more than a temporary store of the value created in the economy by producing goods and services. The government and fed is in the process of inflating its way out of the mess at the expense of the taxpaying consumer. How will more money help a shrinking economy? It won't but create inflation! Too much money chasing too few goods!

[BlacksAreBeautiful]

Exactly how does FDIC protection create moral hazard? The banks themselves are not protected, by this insurance, only the depositor, unless there is something about FDIC that I don't know. I have seen plenty of banks fail this year, so obviously, FDIC insurance didn't help them...

[khanshakil]

I hope I could she her often to learn more about our banking system.

[featheredpines]

Excellent Q&A. Whether you agree with Tavakoli's opinions or not, her clear everyman's explanations are priceless.

[CrowdPleeza]

I wished she had been one of my high school teachers ;)

[aslomski]

LOL, I agree that she is pretty hot ;)

[1000blackhole]

Excerpt of FT book review: Tavakoli makes for an attractive pundit she knows her stuff, has strong opinions and turns a colourful quote. And though shes no enemy of modern financial technology of itself, she convincingly decries its recent handlers and uses.

This is hardly the first time Tavakoli has made such arguments. The book is littered with references to her many cameos in both print and broadcast media including in the Financial Times and a couple of times in my own articles.

[1000blackhole]

Excerpt of a glowing book review by the late Greg Newton on Seeking Alpha: One thing the world is not going to run out any time soon is books on subprime credit-turned-global financial meltdown. But its doubtful that many, or any, will so closely match the ripping yarn of financial upset with concepts that any — and perhaps every — investor can apply to their own financial security.

[ccy100]

I read the book a month ago. Buffett's subprime loans have very low delinquencies and very low defaults (in the low single digits) unlike others (almost 40%). Tavakoli names culprits including investment banks, rating agencies, the Fed, Congress and lower standards at Fannie and Freddie, and more. She explains how leveraged the system was and how overrated and risky the fixed income products were. She warned for years and published her specific analysis. Unique stuff. Great book.

[DNA500020]

I finished the entire book, and I thought it was excellent. She names culprits, and unlike the other books and literature (I've read most of it) has original work and is very specific. It is also gutsy in calling out the malfeasance in a specific way.

[MihiLibertas]

I can't wait to read it..NOT...

[hmf284]

I agree 100% re: must viewing - can you imagine how much infinitely better our political & econ system would be as a result. The book is quite good - but not excellent. It's of course, very informative & insightful, but it's not well edited, it drifts off course quite frequently, and the Buffett "lessons" are somewhat forced.  I wish Obama named her a special aide instead of Wall St insiders/lobbyists.

[inplus1]

Only 11 thousand have viewed this video, we need 11 million to see it.

Share this with others, maybe it'll convince "we the people" to gather our pitchforks.

[DNA500020]

I bought the book and read more than half so far. People need to buy the book, too, so that they have the information to write their senators and representatives. DEAR MR. BUFFETT is on Amazon, and it is nowhere near the top 10 bestsellers. The men (and women) who founded America were the readers and writers. We can be, too, and we can make changes if we have the will to do it.

[John0Free]

@inplus1 +1000 I agree this must get out there.....

[eopierqwf]

I think she is pretty!

[indusrtial]

one of the smartest persons on this fucking financial capitalistic country, who understands what's really happened and what we should do.

[blackswan41]

The interviewer may be the stupidest person alive. WHAT THE BLEEP MAKES YOU THINK THESE "GREAT-GUY" BANKERS MAKING MONEY AND GIVING TO CHARITY WERE EVER INTERESTED IN ANYTHING BUT MAKING MONEY FOR THEMSELVES AND THEIR FRIENDS. ITS GREED. ARE YOU DUMB, SIR?!!?!?!? G-R-E-E-D.

[indusrtial]

he is an idiot. Its like a kid asking questions. Whoever says your in the financial side i.e. hedgefunds, commercial banking, investment banking its all about the money.

I wan tear that hair he doesn't have right of his bald head.

[smartfan2]

I Like This Lady GOD Bless her!!! Everything hidden will come into light.

[DNA500020]

Brilliant! On Tavakoli's web site she said that during the interview when Lamb asked her if individuals did anything illegal (Paulson, Rubin or others), she would have preferred to answer that it is up to the DOJ to determine that. But in the interview she does say that securities laws might have been broken which would cover a lot of investment banking executives. Clear, direct, and concise. Highly recommended.

[danno321s]

Intentionally misleading investors is fraud under the law. We know this happened on a massive scale so many persons were involved. But there will only a few scapegoats to put in the news while the real fraudsters chuckle away with all their cronies.

[Dirty420South]

I'd hit it

[spathieluder]

What a terrible interviewer. He jumps all over the place, doesn't know how to pace, can't verbalize questions properly, and obviously did not adequately educate himself about the basics of the subject.

[ChosenJNC]

yea, he does jump around a little bit, not the greatest interviewer

[ktougodno]

@rjs53151

Hey pal, looks like you just landed from the Moon. Where have you been all this time? Thomas Jefferson tried to warn you with his famous phrase: If the American people ever allow private banks to control the issue of their money..... This old snake skillfully tried to push the chick's response into a different direction not to talk about Paulson and Rubin. Very very brave of her, most of the men would pee in their pants to say what she did.

[dmbr111]

Janet Tavakoli rocks. It's a shame so few average Americans know who she is.

[rjs53151]

i don''t get it-the largest ponzi scheme in our history and all the big NYC newspapers say nothing? Are they in on it too? Where's Bloomberg? NY Times? And only 871 have viewed this on u-tube? No wonder there's a pandemic swine virus breaking out.

Can someone give Obamma's AG a wake-up call?

[rphaigh]

Obama's on the payroll. As she said, he has made the situation worse.

[z8it]

God bless you Janet.

And please take care to avoid retribution, and protect yourself from these liars and corporate ,NWO thieves that you completely exposed in their CRIMES!

They are dangerous men.

Get ready America.

Hell's coming.

[caspianhiro]

Smart lady, with a calm, well-reasoned, educated opinion. No wonder we've never heard of her.

"Fear is not a very useful emotion."

"If you are under the $250,000 FDIC extended limits, your money is safe."

"it appears the government is willing to just willy-nilly print money out of thin air; which I think is just a galactically(?) bad idea."

"They were creating these things in their financial meth-labs" --that's just a brilliant turn of phrase.

[LibertyOrBust]

This....

"it appears the government is willing to just willy-nilly print money out of thin air; which I think is just a galactically(?) bad idea."

makes this...

"If you are under the $250,000 FDIC extended limits, your money is safe."

false

[ChosenJNC]

within context "If you are under the $250,000 FDIC extended limits, your money is safe."

is your $250,000 not safe? Did she say your money WILL be safe?

"it appears the government is willing to just willy-nilly print money out of thin air; which I think is just a galactically(?) bad idea."

very very bad idea, we are being taxed without being represented! inflation is the great destroyer and the worst tax that is invisible and wealth-destroying

[DNA500020]

Tavakoli put clarifying comments on her web site. FDIC deposit insurance protects depositors, so we could have put banks in receivership. We bailed out other bank creditors with public money. But this is inflationary and will eventually put deposits at risk. It's on her web site under "on air" under the C-Span video.

[clintonlies]

Janet is a straight shooter. I am praying that

you stay safe Janet.

I wish you ran the Treasury ...

too bad Obama is a NWO puppet.

Hankie pankie Paulson needs to share a cell with a Rapist for life.

[rvrola]

@clintonlies

Great comment!!! I pray for more people like you who are smart and courageous enough to say the truth of what is really going on. GOD BLESS US ALL.

[clintonlies]

@rvrola Thank you for the kind words and I hope God will bless you and your family.