Janet Tavakoli, president of Tavakoli Structured Finance Inc., spoke with Lauren Lyster on her “Capital Account” program about too-big-to-fail banks, the financial oligarchy and how MF Global fits into the web of derivatives-inspired meth lab of shadow liquidity and off-balance sheet risk.

MF Global “sort of epitomizes a lot of the issues that occurred that led to our financial crisis,” Tavakoli says. “The fact that this can happen after the financial crisis, after Dodd-Frank, after Sarbanes-Oxley, just shows you how lax and hypocritical we’re being in the United States about financial regulation … and the world is watching.”

Tavakoli is the author of several books, including the recently published The New Robber Barons: How Bankers Created an International Oligarchy.

This entry was posted on Tuesday, March 27th, 2012 at 12:11 pm and is filed under Hubris, MF Global, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.