“AIG’s…actual and expected losses on subprime mortgage-backed securities and credit default swaps on [subprime]… threatened to force it imminently into bankruptcy.”  Later, “AIG built up its concentrated exposure to the subprime mortgage market largely out of the sight of its functional regulators.”

Ben S. Bernanke, Chairman of the Federal Reserve. Prepared Testimony Before the Committee on Financial Services. March 24, 2009

 

Alliance For Economic Stability

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Board of Directors
Manuel P. Asensio - Co-Founder and Director

Manuel P. Asensio is a Co-Founder and Director of the Alliance for Economic Stability, Inc. and the Founder and CEO of Asensio & Company, Inc. a New York based investment firm established in 1992.  The firm is known for its equity short selling investments and pioneering work as the only dedicated short selling FINRA member. Mr. Asensio is working on the AES’ research project into the economic views our nation’s Founders in the spirit of President Abraham Lincoln’s Cooper Union Address and the idea that standards can be constructive in today’s debate over economic policies.  Mr. Asensio is the author of a book titled “Sold Short: Uncovering Deception in the Markets” and is working on a new book collaboration with fellow AES Director David Fisher based on his experiences.   Mr. Fisher became familiar with the AES through this collaboration.  Mr. Asensio is a graduate of the University of Pennsylvania’s Wharton School in 1977 and Harvard University’s Graduate School of Business in 1982.

 
Allan Block - Director

Allan Block is the Chairman of the Board and Chairman of the Executive Committee of Block Communications, Inc., a 100 year old group of companies engaged in newspapers, cable television ownership and operation, television and communication high-speed internet and telephone services. Mr. Block is the Director and Chairman of several subsidiary companies within Block Communications, Inc. including Toledo Blade Company, PG Publishing Company (Pittsburgh Post-Gazette), WDRB-TV (Louisville, KY), WLIO-TV (Lima, OH), KTRV-TV (Boise, ID), and WAND-TV (Decatur, IL). Mr. Block presently serves as a Member of the Board of Directors for the American Cable Association and C-SPAN. He is a graduate of the University of Pennsylvania.

 
David Conrod - Director

David Conrod is a Co-Founder and Managing Partner of G2 Investment Group. Prior to founding G2, he was a Senior Managing Director of Guggenheim Securities, LLC, as well as Head of the Private Fund Group, the distribution arm of Guggenheim Securities, LLC. From 1999 to 2010, Mr. Conrod was responsible for raising institutional and private investor capital for Guggenheim Partners-sponsored and third-party private equity, real estate and hedge fund investment partnerships. From 1992 to 2000, he was Director of Sales & Marketing at HSBC Asset Management (Americas), Inc., where he was responsible for raising HSBC’s Asian, Indian and European private equity funds, in addition to a significant separate account business in long-only investment products. Mr. Conrod graduated with an A.B. in History from Kenyon College and earned an M.B.A. from Columbia University.

 
Daniel Rodriguez - Co-Founder and Director

Daniel Rodriguez is Founder and Managing Partner of MGR Group, a marketing, media and government-relations firm that provides strategic and crisis communications counsel and solutions to businesses, as well as campaign management to elected and non-elected individuals. Mr. Rodriguez is also Senior Vice President at Prestige Media Inc., a full-service advertising concern specializing in out-of-home programs. Before founding MGR in 1994, Dan held various Executive positions in marketing, corporate communications and government relations at Gannett Co., Hughes Television and PBS. He also worked on the staffs of Congressman Ben Gilman, Senator Daniel P. Moynihan, and Senator Alfonse D’Amato; as well as with various New York State and Westchester County governmental organizations. Dan brings extensive experience in government and the role that financial regulation played in the crisis of 2007-2008. Dan is a graduate of Fordham University, where he received a Bachelor’s in Communication, and in 1991 he was awarded a National Urban Fellowship, making him the youngest recipient ever to receive this prestigious award. As a NUF Fellow, Dan obtained a Masters Degree in Public Administration from Baruch College’s School of Public of Affairs.

 
Glenn G. Wattley - Director

Glenn Wattley has over 34 years of industry leadership experience. Since 1999 Mr. Wattley has been managing director of West Bay Energy, LLC, a strategy and private placement firm. Previously Mr. Wattley was a Vice President at Arthur D. Little, in charge of the mining and utilities practices, and a Partner at Accenture in the Strategic Services’ Resources group. Mr. Wattley was President and CEO of Alliance to Protect Nantucket Sound an organization created to protect the Nantucket Sound environment from industrialization from uneconomical offshore power plants. Mr. Wattley is on the Board of WTgreen, an organization affiliated with World Trade Association engaged in assisting several Chinese companies and government agencies to promote environmentally friendly developments. Mr. Wattley holds a Bachelor of Science from Columbia University’s School of Engineering and Applied Science and a Masters in Business Administration from Harvard University’s Graduate School of Business Administration. He is a member of two advisory boards at Columbia.

 
Rafael Cuellar - Director

Mr. Cuéllar is CEO of Cuellar, LLC dba ShopRite of Passaic/Clifton. He is one of the owners of the largest retail cooperative in the United States. Previously, he was President/CEO of ECO & Sons, Inc, where he was responsible for business conducted by the holding company as well as its subsidiaries – President Supermarket, and Presidential Caterers.

Mr. Cuéllar served in the United States Navy as Lieutenant on the USS Detroit. There he supervised over 250 sailors and managed a $14MM quarterly budget. Mr. Cuéllar received a Presidential appointment to the National Consumer Cooperative Bank where he served on the board of directors until 2007. He was honored by Ernst & Young as a 2001 & 2004 Entrepreneur of the Year. His contributions to the corporate community and minority businesses have been recognized by many organizations such as the Food Marketing Institute, the United States Hispanic Chamber of Commerce and Dun & Bradstreet. He has been featured in publications across the country including Grocery Headquarters, Entrepreneur, Hispanic Magazine and Business Advocate. Mr. Cuéllar currently sits on the board of directors of the New Jersey Chamber of Commerce, the New Jersey Food Council, the Sales Use and Tax Commission of New Jersey, and William Paterson University.

 
David Fisher - Director

Mr. Fisher is an acclaimed author of more than 50 books, including 17 New York Times bestsellers. Mr. Fisher’s most recent bestseller is No One Would Listen, a collaboration with Harry Markopolos, the Madoff whistleblower who attempted to alert the SEC to the massive Ponzi scheme at least six different times.  Other bestsellers by Mr. Fisher tell real-life stories spanning crime, entertainment, and sports.  In 2009, Fisher collaborated with Detective Tommy Dades and Brooklyn Assistant D.A. Michael Vecchione in telling the true story of two New York City detectives convicted for moonlighting as Mafia killers in Friends of the Family, The Inside Story of the Mafia Cops Case. Also in 2009, Fisher published The Accountant’s Story, a collaboration with Pablo Escobar’s brother, Roberto, one of the leaders of the infamous Medellin drug cartel.  Fisher has also published biographical collaborations with William Shatner, George Burns, and Eddie Fisher.  In addition, Mr. Fisher has written for newspapers and magazines, including the New York Times Op-Ed page.

 


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