Fourth quarter 2015 was a hard precursor to 2016 both in capital markets and financial corporate governance. Highly volatile commodities and equities markets, an overall slowing of economic growth and a cooling of tech business growth have left the investing landscape bearish. In addition, corporate governance of major financial and business institutions showed signs of increased shakiness; in 2015 HSBC took the governance world by storm with tax evasions, Bank of America and Citi continued to fail bank stress tests and capital requirements and JPMorgan’s stock has significantly underperformed analysts’ expectations.
We now open the year 2016 with an SEC fraud charge against the entire executive management and Board of Superior Bank for overstating loan performance. In this light, 2016 will be a year of continued US Federal Reserve and Securities and Exchange Commission (SEC) financial regulation.
Mr. President, I am admittedly no diplomat; but I was born and raised in Lebanon, I became a U.S. citizen in building my own firm on Wall Street, and I have access to intelligence sources as part of my work monitoring the global oil markets that are shaped by OPEC and the Middle East.
So herewith, some candid advice from a Wall Street financier who truly cares about America’s role in the world and have been at Middle East geopolitics for a couple of decades now.
For a starter, I believe any successful strategy should consist of tackling all 10 fronts below at the same time… Anything short of that will not be effective. Indecisiveness and “leading from behind” brought us here. Our sworn enemies like Iran and its puppet Assad are not going to help us.
Financial Policy Council Inc. is to formulate & promote sound public policy based on the principles of free enterprise and wealth creation as envisioned by the ideals of the American Founding Fathers
For investors, business people, and entrepreneurs that need to navigate the troubled geopolitical waters of the post-crisis world, Abdelnour offers several solutions, including looking at the world and understanding that the federal government’s primary objective is to promote the creation of an environment conducive to the creation of wealth not job creation, not bailouts, not subsidies, not expansion of the federal bureaucracy, and not providing lifetime support to those who choose not to take advantage of the innumerable opportunities that exist in this nation for them to create a better, more productive life for themselves.
Basic honesty is a must. A person must be able and willing to tell the truth. Moreover, they must tell it quickly, uncompromisingly and fully. A simple question must elicit a simple answer. Any defensiveness, any protestations of the question you ask, should raise a red flag and get you ready to pull the chute on the proverbial parachute. A simple question should never result in a crooked answer, and such an answer is an indication that you may even be dealing with a crook. In any event, your life should not be about tolerating excuses.
The prospect of supporting someone, through investments, loans or your patronage, who does not reciprocate the respect you show them or which is customarily in a civilized society should be appalling, even infuriating, to you. In fact, your own business and reputation virtually requires you to dissociate from anyone acting in this manner. Worse, in a world where people are increasingly suspicious and afraid of being unable to detect a good salesman from a fraud, the temptation is to “pull the trigger” quickly on anyone with a dent and misjudge or prejudge people based on nothing but their company.