You are here
Diagnosing the Financial Crisis' Root Causes
Submitted by Scott Cleland on Thu, 2009-06-11 17:43
This is an introduction and background for my new multi-part research series on diagnosing the root causes of the Financial Crisis.
The value of this series is that it will be forward-looking, wholistic, and practical... and also accessible through the copious use of word pictures, analogies and metaphors to help people better understand the complexity. I believe it is easier to figure out and communicate the complex by analogizing it to the familiar.
My target audience for this research series is the new Financial Crisis Inquiry Commission, all relevant policymakers, and anyone else truly interested in getting to the real bottom of this financial and economic mess.
What credibility do I have in this research endeavor?
My professional "Precursor" specialty is anticipating, figuring out and explaining complex change/problems before others do. Seven different Congressional Subcommittees have tapped my expertise to help sort out complex questions. For example, I was:
As an entrepreneur, I built my predecessor firm, Precursor Group Inc. from scratch with my partner, into the top independent investment research broker dealer in telecom-tech in the U.S., in 2004 and 2005 per Institutional Investor Magazine.
As a research leader, I conceived and was the founding Chairman of the Investorside Research Association, the first and only association of independent investment research providers.
My extensive government experience is also relevant to the research question. I started my career as a budget examiner at OMB covering among other accounts: the SEC, CFTC and the Treasury Department. I was Director of Legislative Affairs at the U.S. Treasury Department during Black Monday, the Stock Market Crash of 1987. And I have broad international experience and understanding having been a former Deputy Assistant Secretary of State and Deputy U.S. Coordinator for International Communications Policy.
In closing, I trust you will find my research series on diagnosing the root causes of the Financial Crisis, eye-opening, useful and practical.
I specialize in the most complex difficult analysis that cuts