Should the big banks be broken up?

This is the final installment of a syndicated three-part series by contributor Stevie Wilson.

This is slightly longer podcast but it covers in more detail about where the economy, banking and finance are going. This is about housing bubble, the loss of investments and also about the recovery of this country’s economy and that of the global economy. Why do I mention the global economy and why the focus? Because the economy is now a global economy If you have watched the effect of various members of the EU whose member countries were facing dire economic situations. These situations — ours and theirs– affect the entire global market in terms of business and finance. The conversation evolves to this point and Shaffer spends a good amount of time explaining why.

Did you miss part 1 of this podcast? Listen to the beginning of this conversation here.

Podcast part 2 with Fred Shaffer

This podcast is important to listen to because it answers the question “should the big banks be broken up” and how we dig ourselves out of this economic mess. Particularly relevant is the section from 16:47 to about 24:00 are incredibly relevant. There is commentary in that specific section that gives direction for the future and perspective on the past.

I have great appreciation for Fred Shaffer’s time in participating in this conversation. He’s really provided truths and the realities of the economic situation from the downturn and with an eye toward the future. Thankyou Fred for your expertise in this conversation! Should you wish to contact Fred Shaffer for business questions, please contact him at Email Fred Shaffer .

Biography:

Fred Shaffer

Fred Shaffer, Managing Partner, GTO Development
Fred Shaffer’s career includes significant accomplishment in real estate investment, mortgage finance and capital markets securitization and trading. Over the last fifteen
years, Fred has started and managed several real estate related businesses in Los Angeles which invested in and developing residential and commercial property. During that time, Fred’s companies invested in over 100 properties, developed, constructed and / or sold over 400 residential units with a completed market value of approximately $300 million. Fred has broad experience in all aspects of real estate investment and development, including acquisition, debt and equity financing, project design, entitlement, construction, property management and marketing property for sale or rent.

Prior to moving to Los Angeles, Mr. Shaffer was Partner and CFO with Ellington Capital Management, a mortgage security hedge fund based in Greenwich, CT and was a Managing Director with Kidder, Peabody & Co., Inc. in New York, specializing in real estate finance and mortgage-backed securities trading. Four of Mr. Shaffer’s ten years with Kidder were spent in Tokyo, Japan where he was head of Fixed Income Trading and built a $50 million per year revenue stream in MBS and derivative sales and trading.
Mr. Shaffer is a Certified Public Accountant and holds a bachelors degree in Economics as well as a M.B.A from New York University.

The original post “Breaking Up the Big Banks: Financial Whiz Fred Shaffer Gives More Insight into This Question. Podcast #2 by Stevie Wilson was originally posted on the LA Story website.

Original Article

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Stevie Wilson

An eclectic fashionista, Stevie Wilson is a uniquely customized cocktail of talents and experience that works surprisingly well in start-ups, product launches and established companies. With several senior editorial positions in print and online under her belt, she also has extensive credentials as a digital media pioneer who lives and breathes social media. Savvy in creating strategy and trend-spotting, Stevie loves to dive into “bleeding edge” innovation when creating campaigns. According to her, “impossible is just another term for it hasn’t been done yet.” In her blog, LA-Story.com, she cuts a swath across the So.California – and global– landscape with experience in style, entertainment, tech, emerging trends, interviews (podcasts & video) and brand spokesperson.