Check Out Janet Tavakoli's Presentation On Why Housing Finance Was Always "Fraud As A Business Model"
2010-12-08 — businessinsider.com
CDOs and CDOs squared were just "fraud to cover-up fraud," according to Janet Tavakoli of Tavakoli Structured Finance.
In this presentation made today to the Federal Housing Finance Agency Supervision Summit, Tavakoli explains individuals at firms making mortgage backed securities knew the loans they were securitizing were fraudulent.
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