Financial advisor looks at the economy.

Grand Rapids, MI -- (SBWire) -- 04/18/2013 --For those of us who are too busy to stay on top of events in the world's economy, financial advisor Dennis Tubbergen lends a helping hand.

Tubbergen is a financial advisor, author, radio show host and CEO of PLP Advisors, LLC. Tubbergen does his best to give brief updates when it comes to some of the latest significant events in U.S. and world economics and politics and how these events may impact the average American.

Whether people enjoy his weekly newsletter at www.moving-markets.com or his blog at www.dennistubbergen.com, Tubbergen can be counted on to share his viewpoints and opinions. On April 10, 2013 his blog was titled Banks Still Taking Too Much Risk?

"In spite of the bailouts offered to banks five years ago, a group of corporate executives are of the opinion that their banks aren't transparent enough in their relationships with their companies and are still taking too much risk," began Tubbergen.

Below he quotes from an April 4, 2013 article published in the U.K. publication The Telegraph.

More than half of the executives at some of the world's largest companies think their banks are still taking too many risks five years on from the financial crisis, according to a survey by Ernst & Young.

Just 43 pc of executives said they were completely confident their banks were taking acceptable risks, while less than a third said their banks shared adequate information on its risk, capital and liquidity.

Among the businesses taking part in the survey were the drinks maker, Diageo; Google, the internet search provider; and the energy company, Total, with executives complaining about a lack of transparency from their banks.

"The lingering after-effects of the 2008 financial crisis and the ongoing challenges in the eurozone have forced corporations to focus on the stability of their core banking teams. Counterparty risk and exposure from banks have become heightened concerns for large corporates, and, as a result, we predict that banks will have to be more transparent about their risk profiles and portfolio concentration," said Steven Lewis, a global banking analyst at Ernst & Young.

"I would share the opinion of the executives participating in the survey for one reason," states Tubbergen. "If there are no consequences for bad business decisions, there is no deterrent not to make more of them."

Tubbergen goes on to say that banks made bad business decisions that led to the financial crisis five years ago. They received a bailout, essentially rewarding them for bad decisions. Why would anything change?

"As far as transparency is concerned, ever since mark-to-market accounting rules were suspended back in 2009, bank's balance sheets have been somewhat a mystery," concludes Tubbergen. "Transparency doesn't return without the return of mark-to-market accounting rules."

To read the blog in its entirety go to http://www.dennistubbergen.com and select his April 10, 2013 entry.

Tubbergen’s syndicated radio show can be heard on metro Michigan stations WTKG 1230 AM and WOOD Newsradio1300 AM and 106.9 FM.

About Dennis Tubbergen
Dennis Tubbergen has been in the financial industry for over 25 years and has his corporate offices in Grand Rapids, Michigan. Tubbergen is CEO of PLP Advisors, LLC and has an online blog that can be read at www.dennistubbergen.com. To view Tubbergen’s latest Moving Markets? newsletter, go to www.moving-markets.com.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, no forecast should be construed as a guarantee. Prior to making any investment decision, individuals should consult a professional to determine the risks, costs, benefits and fees associated with a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.