As an outsider, I bring 40+ years of working across many industries from finance to international seaport logistics and sales, including writing the Quarterly US Economic Report for a regional US bank. Unlike my peers who are contesting CD16, I have a STEM, Finance and Economics background. My innovative strategic thinking was instrumental to Malaysia's Westport growth from a $1 billion (1995) seaport infrastructure project to the 6th largest container port worldwide (2006). I expect similar outcomes as a Congressperson for California Congressional District 16.
It is very important to understand how to use data, but it is even more important to understand how data can be abused i.e., lying with statistics. In my opinion, climate alarmist are very polished at abusing data, primarily by not telling the whole story.
During the COVID lockdown, I reworked my credit risk and Commercial & Industrial lending experience into 2 monographs:
[1] A Critique of Dodd-Frank: Forecasting Securitized Mortgage Credit & Default Risk, Scholar’s Press, 2021
[2] Real World Data Modeling: Applications in Statistics, Physics & Medicine, Scholar’s Press, 2021
I discovered that our Public Health Policies with regard to Infectious Disease Spread was based on the Reproduction R0 model which I found to be highly misleading, based on erroneous statistical analyses and grossly exaggerated disastrous outcomes. Worse, it only forecasts hospitalizations, but says nothing about the disease spread. The correct model which I proposed should show probability of infections, recovery, and mortality. That is why I support the Great Barrington Declaration. We should have followed Sweden’s example, not China’s. Without lockdowns, Sweden had half the death rate the US had, and 350,000 Americans would still be alive today.
During this time, I invented a new bank product, Home Equity Line of Credit for Self-Insured Servicing (HELSIS). It can reduce home mortgage defaults by up to 70% without penalizing either the borrowers or the banks, but it needs Congress to make some small changes to the reverse mortgage regulations. I reached out to our politicians in Silicon Valley, but nobody was interested. Shocking! Therefore, I’m now running for Congress.
I even investigated Dodd-Frank’s Risk Retention regulation. It is a clumsy piece of legislation that is so ambiguous that it cannot be implemented or enforced. Our laws need to be market savvy not legislatively intense. Its not about showing how much Congress has accomplished after the fact. It is about preventing disasters and enforcing market disciple. Our record these past 100+ year is, Congress 0, market crash 7.
I’ve accomplished much more, but this is enough for now.