Paired with a Master's Degree in Public Administration, The Graduate School of Binghamton University, and
a Baccalaureate degree in Finance, the State University of New York, in addition to
a Diploma in Banking from the American Institute of Banking
- - - -
Former professor of macro-/monetary economics at New York University (NYU)
Former faculty member teaching macroeconomics and investments disciplines at Manhattan College
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Experience in Political and Public Services
US House Candidate for the 113th Congress
a 2010 candidate for New York State Legislature
Former Bank Regulator and Team Leader, Department of Banking, the State of New York
Formerly appointed Election Coordinator pursuant to Section 3-401 of Article 3 of NY State Election Law,
with completion of the Train-the-Trainer program from the Board of Elections in the City of New York
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Member of the American Society for Public Administration, 2004 -- 2007
Elected Member of the Board of Directors of a SUNY college alumni, 1995 - 2003
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Living in Midtown Manhattan, NY, married with three US-born adult children. His wife, a government
employee for more than ten years; oldest daughter received a BA degree from Fordham University and is a
departmental director of a major corporation; both his younger daughter and son-in-law hold Juris Doctor
(JD) degrees and are attorneys-at-law/barristers; and his son has a BBA degree and is an assistant vice
president of a Fortune 100 company's subsidiary.
|Committee of Friends of Michael Chan
|Congressional Candidate Michael W. Chan
Michael Chan has taught fiscal and monetary policy at various institutions of higher education, most recently at NYU.
His reputation is built upon his integrity, broad knowledge and prudence. The Testimonial and Praise Michael has Earned
would be a mirror fairly reflecting and justifying his qualifications, competence and personality. Here's a few of exemplars:
- - -
"... proud to say that much of that course has proven very useful as I now work for one of the major banks" LM, NYU, 2010
. . .
"Of all my former educators here at NYU and prior to college, I'd been hard pressed to find a professor who was so
hardworking, enthusiastic, or went so above and beyond for each of his students . . . Thank you for everything! I really
enjoyed being a part of your class and learned a great deal about economics, financial markets, and banking practices --
knowledge I am using at my current internship, and will undoubtedly use in the future." MC, NYU, 2009
. . .
"Thank you for such an enjoyable and informative class. I am leaving this class with a truly better understanding of the
American banking and financial system and found this class a compelling and challenging course." YC, NYU, 2009
. . .
" . . . It was one of the best classes I have taken at NYU" SM, NYU, 2010
. . .
" . . . Your very able contribution to the undergraduate program which could not have functioned as effectively as it has
without your efforts . . . You have been a tremendous assets to the teaching staff ... Thank you most sincerely for all that you
have done with us." From his superior at NYU
|Committee of Friends of Michael Chan
PO Box 1240
New York, NY 10268-1240
|© & ® 2012-2013 Committee of Friends of Michael Chan Copyrights and All Rights Reserved
|" to Mr. Michael W Chan . . . in deep appreciation for generously helping President Reagan
rekindle our faith in our nation and our hopes for the future" late President Ronald Reagan
|Leadership and Achievements
Governance and Public Administration
In the past Michael has reviewed and evaluated the Charter of the United Nations (UN), the WTO and international trade; he
has critiqued and compared the topics of public administration, representative bureaucracy and policy of bureaucracies of
the US and other industrial nations; he has analyzed administrative responsibility and accountability; he has made research on
budget processes of the Congressional Budget Office (CBO) in Congress and the Office of Management and Budget (OMB)
of the Executive Office of the President; and he has conducted assessments in relevant action on appropriations, and revenue
measures to name a few.
Banking Laws/Regulations - Consumer Protections and Public Interests
As a former member of the New York State Banking Department -- a bank-regulatory agency with assets of the institutions
regulated nearly $2 trillion (in current dollars) -- he served as bank regulator and team leader for examinations and
oversights of banks/financial institutions in accordance with relevant banking laws and regulations. He has fought for the
detection and control of predatory lending in the sub-prime mortgage market, and instead implemented fair lending practices
and consumer protection.
He has been a strong proponent of consumer rights and has fought abuses by the Banking industry. His leadership and
accomplishments have also included a response to the legislative mandates to combat the lending abuses, He was assigned as
team leader to oversee a banking/lending institution which was ordered to pay $12 million in consumer restitution for unfair
lending practices. Furthermore, he effectively scrutinized the operations of a financial institution in New York State, leading to
a fine and a large amount in consumer restitution for unfair or deceptive acts or practices. This was the first time that this
Agency took this type of enforcement actions in conjunction with seven other states. His record proves he is capable of
fighting for consumer protections and public interests, and contributing to the US banking and financial system in a
more safe and sound manner.
Economic Growth - US and Global Economies
As a former NYU professor of macro-/monetary economics, the key topics he has focused on include the central banking of
the US and European Union (EU); international banking regulations and US banking legislation; dynamics of price stability and
maximum employment; approaches for increase of GDP per capita, disposable income and economic growth; the government
budget constraint -- the theoretic and algebraic relations of tax revenues, government expenditures, budget deficits, and the
changes in the monetary base and in Treasury bonds held by the public -- as well as fiscal/monetary policy and its impacts on
the US and global economies.
Distinguished Involvements in Legislative and Public/Foreign Affairs included among others:
* Participation in the multi-days symposium of the Fed in the 21st Century at the Federal Reserve with discussions on the
latest legislation in monetary policy, exclusively for the college and university professors, 2010
* Initiatives of the world economy briefings with insights of the global economy and outlook presented by a UN official at
the UN, exclusively for the group of his NYU students, respectively in 2008 and 2009
* Recipient of an invitation joining the 2004 World Leadership forum-dinner with the foreign minister of a major EU
nation, the world leaders and dignitaries, with honor to share their valuable perspectives
* Participant in the international partnership conferences for the past several years, meeting the UN officials and
diplomats including ambassadors and consuls general from dozens of countries around the world.