|Committee of Friends of Michael Chan
- a 2012 US Congressional Candidate
|Committee of Friends of Michael Chan
PO Box 2995
New York, NY 10163-2995
|© & ® 2012-2014 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
This biography consists of two parts. Part-I is a profile summarizing the Candidate’s current and past
profession/prior public experience and education, with statements exhibiting the most important
issues in Congress and others he would address if elected and what makes Michael the best candidate
for Congress, while Part-II is a narratives describing his expertise, ability and leadership role over the
course of his professional career, with outlines of his affiliations, distinguished involvements, his
family, and the praises Michael has earned.
Summary of Current and Past Profession/Prior Public Experience
As a US Congressional Candidate from New York endorsed by multiple political parties in 2012,
Michael is a former professor of macroeconomics at institutions of higher education, most recently
New York University, and a former bank-regulator/team leader at the New York State Banking
Department. Upon completion of the Train-the-Trainer program from the Board of Elections in the
City of New York, he was formerly appointed election coordinator, pursuant to Section 3-401 of
Article 3 of New York State Election Law.
Michael possesses a strong academic credentials. Academically, Michael holds a pair of his Master’s
degree in Public Administration (MPA) from The Graduate School of Binghamton University and a
Bachelor’s in Finance from a SUNY college, in addition to a diploma in Banking awarded from the
American Institute of Banking (AIB), a nationwide institution highly regarded by the banking
The Most Important Issues in Congress he would address if elected
The defining issue in this campaign is still the economy and how to create the most jobs. Thus, his top priority he
would address will be economic growth. The foundation of economic growth is capital investment, both by
government and by private companies. Capital investment generates the wealth, creates jobs and increases the
income of the investor. Michael strongly believes the approach promoting capital investment by suppliers will allow
companies to hire more people, thereby decreasing the unemployment rate.
To improve the economy, Michael stresses policy-makers should focus on the reforms that increase production,
saving, and (capital) investment. Lessen government spending and lower tax rates are the best ways of using fiscal
policy to boost economic growth.
Other Important Issues
Good governance would be another importance. Michael believes in fostering good governance by increasing
integrity, accountability and transparency. He will, if elected, promote a performance-based government truly for
the people and by the people, by demanding a higher standard of excellence for practitioners serving in public
administration by implementing managerial effectiveness, efficiency, and responsiveness to you my constituents.
What Makes Michael the Best Candidate for Congress
Michael understands bureaucracy…..but he is not bureaucratic; Michael is familiar with politics….. but he is not
political. With his unmatched experience, which is vast and wide, he brings not only expertise in many areas that
are concerning to you, my constituents, but he also has solid foundation and in-depth knowledge of the way our
government should be structured in order to work more efficiently and responsibly for the American people.
Let’s share Michael's professional background and his demonstrated leaderships in various aspects:
Legislative and Political Dynamics
Michael has developed a clear platform in a wide range of principles and key issues for his candidacy for US House,
since early 2012. Prior to accepting the official confirmation as a candidate for Congress, he’s been formally
nominated as a New York State Legislature candidate for the 2010 Elections.
Visioning with national and global insights, Michael has, in the past, reviewed and evaluated the Charter of the
United Nations (UN), and examined on how the US government, legislative systems and political institutions/actors
function. His investigative research extended to the phenomena of and statutes controlling, corruptions and
relevant ethic responsibility in selected nations, the legislative history and definition of anti-money-laundering
(AML), and the UN global AML initiative to name a few. He has further assessed and critiqued global bureaucracies
and politics with comparative perspectives in bureaucratic representation and the many policy areas among the
advanced industrialized and emerging countries/regions.
Because of his academia, practicum and research in these areas, Michael has a deeper understanding and broader
visions of how our government should respond to the various issues our nation face today.
Judicial and Criminal Justice
Having completed numbers of academic curriculum of law and legal studies, Michael is well conversant with
business law and administrative laws including banking laws and regulations, labor/employment laws, EEOC
guidelines, non-discrimination statutes, the Consumer Protection Act, relevant regulatory compliance and so forth.
In 2012, Michael had served as a Special Narcotics Grand Juror for the Supreme Court in New York County Court
House, assessing numerous cases to ascertain whether the statement/evidence presented by the government was
sufficient to warrant a criminal trial.
Prior to the grand jury, designated by the presiding judge, with approvals by the prosecutors and defense attorneys,
Michael has served as foreman of the jury, full-time for a few months, before the New York State Supreme
Court, for a high profile criminal case, where nearly 100 witnesses appearing including FBI agents from Washington,
DC; chief medical examiner; detectives and so forth. Michael has led the panel of twelve jurors (plus five alternates),
from dealing with investigative examinations over more than a thousand of evidences subpoenaed, requesting re-
exhibitions, ordering additional documents/records and relevancy for further reviews as needed, conducting to the
multi-day off-site deliberations with escorts by the armed police, to reaching a unanimous verdict. With his
leadership role and authority, Michael riased in the chamber and solemnly announced the indictment to the
Executive/Public Administration and Management
Michael has made research on the nature and behaviors of international banking system, the Committee on Banking
Supervision of the Bank for International Settlements (BIS) and how the capital adequacy standards is formulated
and implemented with the Basel Accords and adopted globally by the banking institutions of more than one hundred
(100) countries around the world.
Late 1990’s and early 2000’s, sub-prime lending problems has apparently been the source of the real estate bubble
particularly the Asian financial chaos that led to a global financial crisis. As a team leader, Michael was assigned to
monitor a lending institution which was ordered to pay a multimillion-dollars fine for non-compliance. Further,
Michael effectively scrutinized the operations of a financial institution in New York State, leading to a fine at a large
amount for the Unfair or Deceptive Acts/Practices. This was the first time that this governmental bureau took
this type of enforcement actions in conjunction with seven other states. This record proves Michael 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.
In conclusion, the choice is clear! As a former NYU professor of economics and former bank regulator, Michael has
a strong grasp of what fiscal responsibility should look like and the solutions to create a stronger and more fiscally
responsible nation. His strong academic credentials and incomparable expertise with broader visions provides him
the ability and skills necessary to end wasteful spending, restore and maintain a more strong and prosperous
America! His background in macroeconomics is what is needed in Congress to get our nation’s fiscal house in order.
Indeed, being in a role as both a practitioner and professor, Michael is the only candidate who would better integrate
theories and practices and get the job done!
Professor and Practitioner in Economics, Banking, and Public Administration
As a former NYU professor, Michael has taught monetary economics with key topics including structures and
functions of central banking of the EU and US, international banking system, US banking legislation; the Federal
Reserve System, money supply/control and how each is related to price stability, interest rates, inflation,
employment levels, GDP 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; with focus on fiscal policy and its impacts on the US and global economies.
. . .
Prior to the appointment to the professorship at NYU, Michael taught both macroeconomics and investments
disciplines, at Manhattan College. Key topics included, among others, the nature of the EU/euro zone, NAFTA,
WTO, foreign exchange and country risks as well as official reserves, IMF and the international monetary system, in
addition to characteristics and behaviors of money and capital markets, equity & debt instruments, techniques of
securities investment analysis and management, and the philosophy of the trade-off between risks and returns.
. . .
As a former member of New York State Banking Department, Michael served as bank regulator and team leader for
supervisions and regulations over banks/financial institutions. With emphasis in early-detections and automated
self-evaluations, he has conducted audits and risks control assessments, writing synopses, briefing in-house counsel
and making recommendations for the top management. In response to the legislative mandates to combat the
lending abuses, Michael has been a strong proponent of consumer rights, responsible in a wide range of public
administration fighting for the detection and control of predatory lending and implementing fair lending practices
and consumer protections laws.
. . .
Michael’s incomparable experience has stemmed from international lending. In the pre-euro era, Michael has been
an acting supervisor of the Eurodollar loans department of one of the world’s largest commercial banks, for more
than five years, making off-shore lending, with minimum transactions typically $1 million, to foreign governments
and corporations. His primary responsibilities included, but not limited to overseeing the depository global limits
(DGL) and credit reports of major banks/financial institutions worldwide, relevant managerial reports, financial
instruments and documentation; managing loan participations sold and purchased, paydowns and restructures;
acting as lead agent/manager in a number of syndicated loans jointly executing with global investment bankers and
money market banks; auditing with the comptroller for financial reporting to Federal Reserve and other bureaus.
Memberships and Affiliations
Currently an advisory board executive of Council on UN Global Affairs, a UN-affiliated NGO, Michael has affiliated
with a number of political/public organizations including: Life member, Binghamton University Alumni Association;
member, the American Society for Public Administration, 2004-2007; and re-elected member serving on the Board
of Directors of a SUNY college alumni association, from 1995 to 2003.
Distinguished Involvements in the arena of global affairs and international development --
As a few of the exemplars, Michael has been invited for participations in numbers of events including: The economic
and trade development symposium at Hilton, 2013, with keynote speakers of prominent figures from the public and
private sectors of the US and the Asian-Pacific country/region; Initiatives of the world economy briefings at the
United Nations (UN) by a UN official, exclusively for the group of my NYU students, in 2008 and 2009; The 2004
World Leadership forum-dinner with the foreign minister of a major European Union (EU) nation, the world leaders
and dignitaries; 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.
Family values is seen important. Living in Midtown Manhattan, Michael is married, with three grown children who
are his pride and joy, as they all born in the US, did seek a quality education right here in the US, pursue a happy life
… and choose a career path that they love, in order to make their dreams come true. His wife working for the
government for more than fifteen years; both his youngest daughter and son-in-law, holding Juirs Dctor (JD)
degrees, are lawyers/barristers admitted to the state and federal courts; his eldest daughter, holding a BA degree
from Fordham University, is a departmental director of a major multinational corporation, and his son, holding a
BBA degree, is an assistant vice president of a Fortune-100 company.
Testimonials and Praise Earned
Michael’s reputation is built upon his integrity, broad knowledge and prudence. At times, he has received numerous
compliments and praise from both students and his supervisor. Here’s one of exemplars received:
“ … 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” director, Undergraduate program, NYU
. . .
The testimonial means everything. It further evidences Michael is a competent leader with excellent personality.