May 5, 2009
Mr. Paul Gaffney II, President
Dear President Gaffney:
The government’s reform agenda needs debate, research, and test by colleges. I can be helpful in addressing specific questions such as the following:
- If asset inflation is prevented by government will that end recessions?
- Has the function of the stock market to move savings into investment in the job-growth economy been abandoned?
- Mortgage brokers can make a $10,000 commission by getting a signature on a mortgage. Does this type incentive raise the risk of bad loans?
- Should the priority in the distribution of corporate surplus be deals and stock buybacks or investment in growth and dividends? Who decides?
- The Indonesian economy was devastated in 1998. Who was most responsible: Suharto or Bob Rubin?
- How are money managers able to charge annual fees ten times index funds for similar performance?
- Trillions of dollars of the wage earners’ retirement savings have been lost. Is there a more effective way to maximize return and minimize risk?
- What CEO compensation system is necessary to encourage a work culture of trust and cooperation?
I will be pleased to meet with you and/or your associates to discuss these questions.