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In My Uncle Samuel's solution to the moral hazard problem, Kirk discusses the problem of moral hazard and excessive risk-taking at banks and financial institutions, and his simple solution to fix it.
BOSTON, MA, October 11, 2014 /24-7PressRelease/ -- Kirk Chisholm at Innovative Advisory Group (IAG) has proposed a permanent solution to the excessive risk-taking and moral hazard problem at the "too big to fail" U.S. financial institutions. It has been 6 years since the heart of global financial crisis in the fall of 2008. Despite all the regulatory changes which have been made, the heart of the problem still has not been addressed. The best part of this solution is that it is simple and only takes a small change to solve.
Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group based on Lexington, Massachusetts. Kirk has over 15 years of experience in the wealth management industry, where he has provided wealth management solutions to individuals and their families, corporations, and organizations. Kirk helped found Innovative Advisory Group to provide innovative and simple solutions to complex problems through outside the box thinking.
The recent news of the secret taping of conversations by Carmen Segarra at the Federal Reserve Bank of New York, suggest that the excessive risk-taking and moral hazard problem at the too big to fail financial institutions isn't fixed and won't be. However this new solution proposed by Kirk Chisholm would circumvent the problem. "Kirk has a unique ability to come up with simple solutions to complex problems. Problems such as: moral hazard with too big to fail banks and financial institutions, the amount of outstanding debt issued by the US Government, and a lack of lending by banks during a financial crisis." Says, Rajeev Kotyan, Chief Compliance Officer and principal of Innovative Advisory Group.
In My Uncle Samuel's solution to the moral hazard problem, Kirk discusses both the essence of the problem of moral hazard and excessive risk-taking at big banks and financial institutions as well as his simple solution to fix it. This article appears at http://www.innovativewealth.com/outside-the-box/uncle-samuel-solution-moral-hazard-problem/.
About Innovative Advisory Group
Innovative Advisory Group, LLC (IAG), an independent Registered Investment Advisory Firm, is bringing innovation to the wealth management industry by combining both traditional and alternative investments. IAG is unique in that they have an extensive understanding of the regulatory and financial considerations involved with self-directed IRAs, 401ks, and other retirement accounts. IAG advises clients on traditional investments, such as stocks, bonds, and mutual funds, as well as advising clients on alternative investments. IAG has a value-oriented approach to investing, which integrates specialized investment experience with extensive resources.
IAG Company Website: www.innovativewealth.com
IAG Company Blog: Innovative Advisory Group Blog
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