Tim Canova Presidential candidate website:
Tim Canova has been challenging Wall Street banks and political corruption for most of his adult life.
As an activist, attorney, educator, and frequent commentator on the rigged economic and political systems that put Wall Street and multinational corporations first while leaving ordinary Americans behind, Tim is uniquely positioned to shake up Congress.
“If elected this fall, he would instantly become the strongest advocate in Congress for a people’s Fed.”
Born and raised on Long Island in Merrick, New York, Tim had strong family ties to South Florida before moving to the Sunshine State in the mid-1990s. He is from an immigrant half Italian Catholic, half Jewish family, which taught him the traditional values of honesty and hard work. Tim ran cross-country and track in high school and college, including on his high school varsity state championship cross-country team. As a teenager and young man, he worked in a wide variety of manual labor jobs, from delivering newspapers and cutting lawns to pumping gas, painting houses, loading trucks in a plastics factory, and picking avocados on a kibbutz in northern Israel.
Tim attended public schools K-12, completed his undergraduate studies in government and economics at Franklin & Marshall College in Pennsylvania, earned a law degree, with honors, at the Georgetown University Law Center in Washington, D.C., and was a Swedish Institute Visiting Scholar at the University of Stockholm.
As a legislative aide to the late U.S. Senator Paul Tsongas (Democrat, Massachusetts), Tim worked on a range of regulatory and human rights issues. While working on Capitol Hill, Tim began warning about the rise of Wall Street special interests and the assault on working families. In the early 1980s, he wrote critically about the deregulation of interest rates and lending standards and the rise of subprime and predatory lending. These practices would eventually have a devastating effect on the people of Florida when real estate markets crashed in 2008. To this day, Florida still has the highest rate of foreclosure in the country, with over 300,000 open foreclosure cases in state courts.
In the 1990s, while an associate attorney at a prominent law firm and then as a visiting professor at the University of Miami, Tim opposed efforts to weaken the 1933 Glass-Steagall Act firewalls that had separated commercial banking from the risky securities markets. He also cautioned about the rise of complex derivative financial instruments that were turning the United States into a “casino” economy. In the early 2000s, Tim warned about the growing bubble in housing prices and called for increased supervision of Wall Street banks and financial markets. He was one of the few law professors in the country who consistently opposed Alan Greenspan as chairman of the Federal Reserve Board, including a 1996 op-ed in the New York Times opposing Greenspan’s reappointment.
In 2011, Tim took part in the Occupy Wall Street movement, teaching a workshop on the Federal Reserve at the Occupy Los Angeles encampment. At that time, he was also selected by U.S. Senator Bernie Sanders to serve on an advisory committee on Federal Reserve reform along with such leading economists as James Galbraith, Robert Reich, Jeffrey Sachs, and Nobel Laureate Joseph Stiglitz.
And here were the top economists on Sen. Sanders’ advisory committee on Federal Reserve in 2011. From Senator Sanders’ website:
Sanders’ panel of experts includes:
- Joseph Stiglitz, the 2001 winner of the Nobel Prize. The economics professor at Columbia University is a former chief economist for the World Bank.
- Jeffrey Sachs, director of The Earth Institute and an economics professor at Columbia University. He also is special advisor to United Nations Secretary-General Ban Ki-moon.
- Robert Reich, Professor of Public Policy at the University of California, Berkeley. Reich has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He also served on President-Elect Obama’s transition advisory board. In 2008, Time Magazine named him one of the ten most successful cabinet secretaries of the century.
- James K. Galbraith, Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin. Galbraith served in several positions on the staff of the U.S. Congress, including Executive Director of the Joint Economic Committee.
- Lawrence Mishel, president of the Economic Policy Institute, the premier research organization focused on U.S. living standards and labor markets.
- William Black, associate professor of economics and law at the University of Missouri, Kansas City. He worked with the Federal Home Loan Bank Board, the Federal Savings and Loan Insurance Corporation and the Office of Thrift Supervision.
- Nomi Prins, a senior fellow at Demos, was a managing director at Goldman Sachs, a senior manager at Bear Stearns in London, a senior strategist at Lehman Brothers, and an analyst at the Chase Manhattan Bank (now JPM Chase)
- William Greider, author of Secretsof the Temple: How the Federal Reserve Runs the Country, a monumental account of how the American central bank, cloistered and protected from public accountability, exercises its control over the US economy – workers, consumers, investors.
- Jane D’Arista, an Economic Policy Institute research associate, has written on the history of U.S. monetary policy and financial regulation, The former Boston University School of Law professor previously served as a staff economist for Congress.
- Tim Canova, professor of economic law and co-director of the Center for Global Law & Development at the Chapman University School of Law in Orange, Calif. He was an early critic of financial deregulation and warned of the dangers of the bubble economy.
- Robert Johnson, senior fellow and director of the Project on Global Finance at the Roosevelt Institute. He was chief economist of the Senate Banking Committee and a senior economist for the Senate Budget Committee.
- Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C. He was a senior economist at the Economic Policy Institute, a consultant for the World Bank and the Joint Economic Committee of the U.S. Congress.
- Gerald Epstein, chair of the economics department at the University of Massachusetts at Amherst. Epstein also is the co-director of the Political Economy Research Institute.
- Robert Auerbach, professor at the Lyndon B. Johnson School of Public Affairs with the University of Texas at Austin. Auerbach was an economist with the House banking committee during the tenure of four Federal Reserve Chairmen: Arthur Burns, William Miller, Paul Volcker, and Alan Greenspan. Auerbach also served as an economist in the U.S. Treasury’s Office of Domestic Monetary Affairs during the first year of the Ronald Reagan administration and as a financial economist with the U.S. Federal Reserve System.
- Roger Hickey, Co-Director of the Campaign for America’s Future. In the late 1980s he and Jeff Faux created the Economic Policy Institute.
- Robert L. Borosage is the founder and president of the Institute for America’s Future and co-director of its sister organization, the Campaign for America’s Future.
- Robert Pollin, co-director of the Political Economy Research Institute and economics professor at the University of Massachusetts-Amherst. He has worked with the Joint Economic Committee and the U.S. Competitiveness Policy Council.
- L. Randall Wray, a professor of economics and research director of the Center for Full Employment and Price Stability at the University of Missouri-Kansas City, and a Senior Scholar at the Levy Economics Institute.
- Stephanie Kelton, associate professor of Economics at the University of Missouri, Kansas City and a research scholar at the Center for Full Employment and Price Stability.
By the way, Florida Democratic Party had denied Mr. Canova access to voter data. Well, thanks to pressure from the Progressive activists, Florida Democratic Party reversed their decision: