Breaking Up the Big Banks: Financial Whiz Fred Shaffer Gives More Insight into This Question. Podcast #2

This is part 2 of the podcast/conversation with Fred Shaffer, Managing Partner of GTO Development.

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 econommy. 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? Here’s the link for part 1 with Fred Shaffer

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, 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.

Stevie Wilson,
LA-Story.com

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Author: Stevie Wilson

Digital and social media pioneer and visionary meets disruptive innovator with a passion for topics and conversations that reveal insight into the So. California lifestyle. LA-Story.com appeals to a global audience (from Asia to Africa; Middle East to Europe, No. America to Latin America) in variety of topics and sectors: style (beauty and fashion), health & fitness, entertainment (movies, TV, books, music and more) ; food, beverages & spirits; IT Security + tech , travel, special events (red carpet to green carpet) I am known for interviews ( podcasts , textual and video conversations) with notables, celebrities and companies about interesting products & brands; profiles about places that reflect the So. CA vision and special events (Oscars, Golden Globes, Emmys & other events that illustrate celebrity , athletes and home-town "stars" lifestyle and initiatives.) that illuminate the insider's perspective of So. California's lifestyle . Learn what's hot in Los Angeles, NYC, MIami and stops closer to home that make this blog a must-read because the voice, attitude, authenticity and ability to grasp the essence of most sectors, brands & products make it easy for consumers to earn what makes a brand, initiative or product unique - whether, food, fashion or finance (or any other topic "on the table") With 15+ Years online launching websites, online magazines, forums, products & brands, my voice, authenticity and ability to grasp the essence of most sectors, brands & products make it easy for me to share what the online audience and consumers alike want to learn- how to shop, live and reflect the lifestyle they wish to emulate. Need to leverage digital and social media space? Reach out to me!

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