9/16/2015
Mr. Paul A. Volcker
Chairman of The Volcker Alliance
c/o The Volcker Alliance
560 Lexington Avenue, Suite 16B
New York, NY 10022
USA
Dear Mr. Volcker,
My name
is Matthew Winick from Ann Arbor, Michigan with a strong interest in studying
history with some business. The main reason I have a strong interest in
learning these subjects is to learn the need to advance on Civil Rights to
reduce discrimination, need for job training programs to help train workers
along with youth to help improve on their job skills, a strong need to have
government reform to reduce corruption in elections including public officials,
and have regulations on financial institutions along with Wall Street from
committing fraud, waste, and abuse even crash on the middle class. My goal in the future is to continue learning
different subjects and to teach people about the need to improve society. Mr.
Volcker, the reason I’m writing you a letter is because I find your work as Chairman
of Federal Reserve, as President Economic Recovery Advisory Board under
President Obama, and later as an activist to improve the economy.
When you
served as 12th Chairman of the Federal Reserve, I liked on how you
worked with Democratic President Jimmy Carter on finding ways to reduce
stagflation in the 1970s and also I liked on how you advocated for the need to
regulate financial institutions to reduce a crash in the economy when both
political parties supported deregulation on banks including financial
institutions which caused a damage on the economy. After you left being Chairman of the Federal
Reserve I liked on you worked with the U.N. on researching corruption in the
Iraqi Oil for Food Program to help reduce waste on taxpayer’s money and to even
reduce conflict of interest. I liked on
how you decided to be a participate on a documentary called Inside Job to express the need to end
abuse, fraud, and corruption on Wall Street with the need to reduce high pay
raises for Wall Street CEOs. When
President Obama Got elected for his 1st term I liked on how you accepting
being appointed as Chairperson of President Economic Recovery Advisory Board to
work with the President on finding ways to improve the economy. When you were President Economic Recovery
Advisory Board, I liked you advised on President Obama on the need to have the
American Recovery Act, a stimulus package to create job-training programs to
help train people to develop job skills to help improve the economy with the
work force. Also In your role I like on how worked with President Obama on
creating the idea called “The Volker Rule” to add regulations on Wall Street
including financial institutions by prohibiting deposit-making institutions
including commercial banks from investing in hedge funds, proprietary trading,
and private equity. When you left the
advisory board, I liked on how you continue being an activist for campaign
finance reform to reduce money from financial institutions from corrupting
elections including public officials, advocating for the need to break up the
big banks so they won’t crash again, and expand on regulatory laws to combat
against waste, fraud, and abuse caused by the financial institutions to help
protect middle class, home owners, taxpayers, and students.
Mr.
Volcker, your work on economics with being an advocate for the need to regulate
Wall Street including financial institutions from crashing again got me really
inspired to take “Intro to Business”, a business class at Washtenaw Community
College in Ann Arbor, Michigan. In “Intro to Business” class, I got to learn
about how business including small business works, learn different business
terms, and how laws affect a business including the economy. I had a great instructor named Kimberly Hurns
because she went the extra-mile to show the class including me documentaries
and giving lectures about the need for regulations on financial institutions to
prevent them from committing fraud, waste, abuse, and corruption against middle
class, the history about how the financial institutions played a role in causing
an financial collapse. After taking the
class I really enjoyed learning about how the economy works, the need for
regulations on financial institutions to prevent them from crashing with
abusing their power, and continue watching documentaries about the need for
reform to make society better by reducing corruption, abuse, waste, and fraud.
Mr. Volker, thanks for taking the time to read
my letter, inspiring me to become more aware about the need to reform financial
institutions to protect middle class, students, taxpayers, and the economy from
fraud including abuse caused by financial institutions, and working hard to
make society better through your role as an activist, as 12 Chairman of Federal
Reserve, and as Chairperson of President Economic Recovery Advisory Board. I wish you well at The Volcker Alliance where
you can continue pushing for advocacy for the need to end the abuse, fraud,
waste, and even corruption caused by the financial institutions including Wall
Street.
Sincerely,
Matthew B. Winick
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