Final Thoughts on Tavakoli's Structured Finance Classic
Book: Structured Finance and Collateralized Debt Obligations | Author: Janet M. Tavakoli | Publisher: John Wiley & Sons (2008) | ISBN: 978-0-470-44344-6
Book: Structured Finance and Collateralized Debt Obligations | Author: Janet M. Tavakoli | Publisher: John Wiley & Sons (2008) | ISBN: 978-0-470-44344-6
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Before you can understand CDOs, you need the vocabulary. Chapter 1 of Tavakoli’s book is essentially a glossary with context – she defines the key terms and explains why they exist.
Some books age badly. This one didn’t.
Janet M. Tavakoli wrote Structured Finance and Collateralized Debt Obligations in 2008 – the second edition – right as everything was falling apart. The subprime mortgage market had just imploded. CDO losses were spreading across the global financial system. Banks were writing down billions. And Tavakoli was sitting there going: “I told you so.”