Wikinvest Wire

Tavakoli on "financial meth labs"

Wednesday, March 10, 2010

Skip to about the eight minute mark to hear Janet Tavakoli, author of Dear Mr. Buffet and head of Tavakoli Structured Finance, talk about credit derivatives, also known as "financial weapons of mass destruction" or the more contemporary "products of financial meth labs".

This story at the Huffington Post, where the video above was spotted, just keeps popping up everywhere - something about a surge in the gold price due to CDS holders demanding payment in gold? Jesse has some thoughts on the subject as well.

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