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L E Cooper | Resume
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L E (Leon E) Cooper
Education
Awards
Author recent books:See amazon.com author's paage : http://www.amazon.com/L-E-Cooper/e/B002IAW3S2/
/// (ab all 43 US Presidents) // kindle book link AS author Leon E Cooper /
http://www.amazon.com/s/ref=nb_ss_gw?url=search-alias%3Ddigital-text&field-keywords=leon+e+cooper
// Early Life and FamilyAuthor L E (Leon E) Cooper grew up in small town near Auburn, Alabama and quit HS to attend University of Alabama, graduating with BS (Physics/Math) degree and JD (law) degree. // He worked briefly with NASA Huntsville as patent atty before entering USAF where he was a Captain - JAG core serving at R&D center, Rome, NY and later, 2 tours in Vietnam at Cam Rahn AFB. // Recently, he has authored 9 books summarized above. He lives near NYC, NY in Conn; Counselor, MP, ... See Listing 2009/2010, Who's Who in America, Who's Who in World Wall Street Career 1973-PresentWork as Senior Partner leading teams for billions of financings for leading US corporations with 200 deals from coast to coast; market advisor for US Government, UK, China, Japan, other governments; prevented market collapse in 1991 by saving Salomon Brothers from indictment- preventing its wipeout as the only leading financier of US Govt then financing 1.8 trillion / year, so saving US financing and preventing default, so then saving all global markets; stopped Fed jawboning in 1990s that caused the bull market and increase in DJIA from 2,000 to 12,000; now in 2008, turned around US Govt refusal to help AIG, to then aid AIG with $182 billion in loans, and this aid to AIG is now recognized to have AGAIN prevented a global market market collapse, with AIG insuring bonds, mortgages in the 100s of billions and being a party to derivatives in the trillions; awoke US treasury and US Federal Reserve thinking to recognize the credit freeze, they were both unaware of / and ignoring and doing nothing, to then pass bailout bill and on and on; and changed thinking from using TARP only for purchasing bad mortgage assets to, instead, supporting major and regional banks with capital and to also supporting major Wall street firms with capital, which was done intead of the TARP purchases of mortgages; AND, caused recognition that the massive short selling of all major US banks and Wall Street firms was an attack and recommended that it be ended with ban on short selling of fianancial firms, (which was also recommended to UK govt which implmented that rec next day) and US implmented this (short selling ban of financials) rec in ab 3-4 weeks; so, repeatedly over these decades saving US and all global markets again and again; and by stopping the short selling attacks and causing the capital infusions to major and regional banks and Wall Street firms, and stopping collapse of AIG, so saving all major banks and Wall Street, and US markets and then, all global markets which key off US market. Government Advisor 1984 to PresentFrom 1984 to present , repeatedly senior advisor to esp the US government on strategic issues, including markets, see above, and esp also defense and other issues ; and especially, advising the UK Government through Prime Ministers - Thacher, Major, Blair and now Brown, esp aiding in creating the "special relationshp" over 25 years; esp also advising Japan, esp on markets, via Prime Ministers and Finance Ministers; esp also advising China and its Prime Ministers from Chou Enlai through today's Pres Hu and Premier Wen - throughout also 25 years. And during Bush43 first term recommending including India (which was ostracized before this due to its arms deals with Russia) and next week at this rec US Sec of State visited India beginning present normal relations; see above saving not only US, but also global markets twice in 1991 and 2008/09; and causing global bull market rally in 1990's via stopping US Fed Res jawboning markets down (which also was keeping all global markets also from rallying.) Market AdvisorL E (Leon E) Cooper bio as Market Advisor, Market Expert: After USAF, he returned to attend Harvard Business School obtaining MBA with concentration in Finance. Then worked on Wall Street for 13 years , becoming a Senior partner of Blyth Eastman Dillon (Senior VP) which is now part of UBS and Sr Partner of Dean Witter (Managing Director) which is now part of Morgan Stanley. And also worked briefly as co dept manager of securities arm of Manufacturers Hanover Bank / Manufacturers Hanover Securities. During this Wall Street period, he was responsible for $8 billion in financing of 200 deals as deal and team leader. This included creating the idea and obtaining tax / IRS approval for the $ 2 billion in financing for the Valdez, Alaska marine oil terminal for Exxon, Sohio, & Arco. These larger Valdez deals ($300, $300 $300, $250 million, etc ) created the first larger deals of “size” on Wall Street and so created “size” on Wall Street (as then only AAA rated ATT was doing deals of $100 million; and also then every one said, the Valdez larger deals could not be done, as too large to be done-but they were done handily and on time ). Later, Cooper was in charge of the even larger deal of $360 million for Forsyth, Montana for 4 utilities backed by 2 banks LCs. (again, all said it couldn’t be done as too large). These larger deals led to larger deals of today (billions). This understanding of the largest deals of Wall Street was the background in 1991 of Leon E Cooper’s saving all global markets from collapse when he saved Salomon Bros from indictment. (And in addition, 1984-1991, he had been advisor on capital markets and other issues to the Reagan and Bush41 administrations and to UK PM’s Thacher & Major). At that time in 1991, Salomon Bros was in effect, substantially, the only financier of the US Government, financing an average of $30 billion week ($1,500 billion year or $1.5 trillion/year)). And Salomon Bros was found to have rigged bids in the US government bond markets, and with that news, the entire “street” (Wall Street) and Congress called for Salomon Bros indictment.... But LE Cooper (not an employee of Salomon Bros) explained to Congressional key committees (House Banking Committee, Senate Finance Committee) US Treasury, White House, Federal Reserve that, if indicted, Salomon Bros would collapse / fail and that there was no replacement for the firm. And that with no replacement for Salomon Bros, there would not be available adequate financing for the entire US Government (as no group on Wall Street or even group of largest global banks could finance or loan the US Government the $30 billion / week it was financing with Salomon Bros). And without that financing, the US government would default on its debt and that default would trigger a global capital markets meltdown…. (And no single or group of Wall Street firms could "wire up" the trading floors in the size needed to handle the Salomon Bros volume, except over several years.) So that this saving Salomon Bros from indictment ALSO prevented that global capital markets meltdown saving the US government only source of financing and saving an estimated $50 trillion (as such a global melt down would have dropped the value of global markets more than ½ and down to estimated 10-20% of former values; and then, global markets were $ 60 trillion). No executives at Salomon Bros, nor anyone in Congress, nor anyone in the White House, nor anyone at the US Treasury, nor person at the US Federal Reserve, advanced these arguments, as no one else understood them. And Salomon Bros was not indicted, but instead was given a larger fine; and the attorney for Salomon Bros related to LE Cooper “you saved the firm” (Salomon Brothers). But also that saving of Salomon Bros, then saved financing for the US Government and saved the global capital markets… as just detailed above.(And also, Deryuck Maughn-chairman of Salomon Bros later stated in intereview in Insitutional Investor that, Salomon Bros, if it had been indicted, would have gone out of business.) Shortly after the Salomon Bros crisis in 1991, in 1992, the Federal Reserve was jawboning US stock markets down, keeping the market increase in value down to no more than 5-7% per year, as the US Federal Reserve had felt for 50 years that any increase in the value of the US Stock market over this range amount (+ 5-7 %/ year) was inflationary . But also during the 1980’s, Paul Volker, as chairman of the US Federal Reserve, to fight inflation, felt to be caused by oil shocks (which had increased the price per barrel of oil from $2-3 dollars per barrel up to the then, $15-20 per barrel) had increased US interest rates from normal prime rate of 2-5 % to 15-22 %; and these hugely high interest rates had huge destructive impact across USA, causing shuttering / close down of USA "rust belt" (industrial companies in Ohio & Illinois) and loss of an estimated 40-50 million jobs. And so then, at the beginning of this period, then in 1992 , Alan Greenspan began the same procedure of jawboning to keep the US stock market from rising. But capital market studies by LE Cooper indicated that stock market value increases were NOT in any way inflationary (*and this was proven to be accurate, for certain, in the complete lack of rise in inflation as the DJIA went from 2,000 in 1988 to 12,000 in 2000/2001 with no effective increase in inflation). And so using the same pathways of key Congressional committees (used in the Salomon Bros crisis) (US House Banking Committee, US Senate Finance Committee, and White House, and US Treasury), Cooper contacted all, and explained the extreme need for a period of healing the US economy, devastated by the hugely high interest rates caused by US Federal Reserve Chairman Paul Volker; and that increases in the markets value would NOT cause inflation. Then, at his normal testimony that March before Congress, Greenspan was so lambasted by the committees, again and again, that he quit jawboning the US stock markets down. And Greenspan continued to not jawbone markets down from 1992 until approximately 1999. That allowed AND caused the US stock market rise from approximately DJIA of 2,000 to 12,000 creating an increase in global market values of $ 70 trillion (my estimates). And so this was the primary cause of the so called "bull market" run of the 1990's, so caused then by L E Cooper as just detailed. And this period of increase in values of the US and global markets was also accompanied by a huge economic upturn that included repair of the balance sheets of many US companies and on a local basis, much improvement in US infra structure. Saving Salomon Bros and so saving US financing & preventing global markets collapse and also, as explained above, causing the boom market values of the 1990s , both done by LE Cooper, is an effort & result, unprecedented in US history. And it is worth noting that no US President in US history has had any real understanding of such issues ever , and their appointees at the US Treasury and US Federal Reserve proved and have proven to also have no such understanding; and do not now. And that lack of understanding was proven once again in the market crisis of 2008 - where Henry Paulson, Secretary of the US Treasury and Ben Bernanke, Chairman of the US Federal Reserve, allowed Lehman Brothers (160 year old firm) to go bankrupt, when both Paulson and Bernanke unware of any market crisis (until way way too late) , and both had publicly announced , in addition to announcement by NY Federal Reserve President Timothy Geithner, that after request by AIG (largest insurance company on globe and US company) they would not permit any loan from Federal Reserve to AIG; AND without that loan, AIG was expected to fail. And AIG had also, had Goldman Sachs and JP Morgan attempt to raise funds but that attempt was completely unsuccessful the previous two months. Then, this author / advisor L E (Leon E) Cooper advised the White House, Federal Reserve, US Treasury, et al, that, AIG could not be permitted to fail as it had 100s of billions in mortgage / bond insurance affecting all markets, AND, huge derivative commitments in the trillions; and so, if not saved, then, that failure of AIG would crash not only the US, but also the global markets. And, ONLY after that advice from advisor L E Cooper, did the Federal Reserve and US Treasury, then commit to make an initial $85 billion loan to AIG (and make that $82 billion loan to AIG the very afternoon after LE Cooper's advice) (and later increased the AIG loan to $182 billion) ; and it was widely agreed that that loan prevented a global & US market crash. In addition, this advisor L E Cooper pointed out the frozen credit markets esp indicated by the huge spreads in the credit default swap market and that no banks were lending at all to each other. THEN, only then, did US Treasury and US Federal Reserve realize the wider credit / market crisis and propose a $700 billion bailout plan. Still further, this author, advisor repeatedly pointed out that the bail out plan was not addressing the special reasons for credit freezeup and credit crisis brought on esp by the ongoing attacks by short sellers that had almost wiped out all Wall Street firms, but two- Goldman Sachs and Morgan Stanley (those firms, in attempt to save themselves morphed into commercial bank holding companies now regulated by the Federal Reserve instead of the SEC). And that necessary to stop such devastating attacks, was not only the ban on short selling, this advisor proposed, that was adopted by the SEC (within 1-2 days after this advisor prposed it) and the UK Financial Advisory Board (same day of L E Cooper advice), it also was necessary to identify such attackers and restrict or ban their investing to stop such attacks that went beyond any normal short selling to be fraudulent "market cornering", via "control" of the stock price in esp financial firms and causing a downward death spiral… And the fear of sudden wipe out of such firms and also even larger banks, was the real reason/ fear behind the credit crisis freeze up and still not yet addressed. And additionaly, with focus for use of TARP funds in fall of 2008 only on buying up bad or toxic mortgages from banks and other firms, this author advised instead making capital infusions/ investments into major and regional banks and major Wall Street firms; then, only then, after L E Cooper advice to do so, did the shift in use of TARP funds occur to make those capital infusions into major and regional banks and major Wall Street firms , just as detailed by LE Cooper (and no purhcases of toxic or bad mortgages was ever done). And 1) this capital infusion detailed by LE Cooper recomendation and 2) the ban on short selling clearly again after recommendation by LE Cooper both also saved US major and regional banks and major Wall Street firms and so then also saved US Capital (and global) markets, ALONG WITH the 3) prevention of market collapse by stopping failure of AIG (by lending to AIG). With all 3 making clear, the pivotal , key role played only by LE cooper that saved all US and global markets in 2008/2009 (with none of these 3 at all being done by any US regulator, or other US official (as SEC, US Treasury, US Fed Reserve Bank) or Wall Street firm or bank executive. (The above comments about work and efforts by LE Cooper have not been a known part of US history, that seemed to be worth commenting including in this esp author resume' esp as they do rank as no. 1 contribution in US history and similar rank higher / highest in global history. (In addition to the earlier mentioned advice to Reagan, Bush41, and PMs Thacher, Major, also later included has been advice to Bush43 and PMs Blair, Brown (re markets, security issues, etc) and from time to time, other Governments as Saudia Arabia (re oil pricing) and Japan and China (re markets, etc- more than 25 years). other websites:kindle electronic books: // // IMDb is not responsible for the accuracy or completeness of the contents of this page, which have been supplied by a third party and have not been screened or verified.
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