Price of Prejudice


I wrote a paper and a book in 2003 to detail the reasons for an impending financial and banking disaster lurking under the veneer of the government-hooted GDP growth in USA. I sent a memo[1] and a paper on Safe Banking[2] to the U.S. Congress, proposing preemptive policies in 2003 to avert a crisis. The policies were based on my research published in major journals like the Journal of Finance on experience at the Federal Reserve Board, the Federal Deposit Insurance Corporation, major banks rating agencies since the Savings and Loans crisis.

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