Wm Seidman discusses Financial Crisis at Grand Valley State University

We had an interesting start to our day yesterday. We had a sit down

talk with  William Seidman, commentator for CNBC, former FDIC chairman,

and Grand Rapids native son.  Well, actually we were sitting in the audience

with about  200 other Grand Rapidians while Bill told us how he believes

we got into this  financial crisis.  He was scheduled to talk about  which

presidential candidate would be the best one for our financial times.

With all that has happened in the last few weeks, his advice was sage and

to the point.  

Check out their financial advisors.

Neither candidate is a businessman or financial expert, so they will be

getting lots of advice.  Try to find out who is advising them and vote

for the candidate whom you considered to be well advised.  He also said

we are in uncharted waters with this whole financial mess. It will take

some original thinking to get us out. And we need to come out of the

“PANIC STAGE” we are in now.

We caught a few minutes of Bill’s Talk at the GVSU downtown campus

that you can sample on this short video:

Bill Seidman Talk at GVSU 10-9-08