A Few Questions

As the politicians play the blame game, I have a few questions:

For Barack Obama: you say that the current financial mess is a result of the failed policies of the Bush administration. Fair enough–which ones? What would you change? How will increased regulation stop our global financial giants from making bad investments?

For John McCain: you bemoan the use of taxpayer funds to bail out Wall Street, while Main Street is left to pay the bill. Good point. But if Wall Street collapses, how will Main Street borrow money, sell stock, or exchange currencies in this rapidly globalizing economy?

For both VP candidates: which of your boss’s policy proposals do you think would be most effective in calming the markets, re-capitalizing the banks, and keeping our system dynamic and competitive? In your own words.

We’re going through one of the most tumultuous times of the last 50 years, and we’re seeing it happen in the midst of the first presidential election without an incumbent or successor VP in 50 years. I’d love to see our candidates face these serious times with serious proposals.


Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-03T21:10:26+00:00 September 19th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. –
Leave a comment if you have any questions—I read them all!
– And Follow me on Twitter @GlobalMarketUpd

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