Ethan Penner, a key figure in commercial mortgage-backed securities, is positioning himself for a gubernatorial run in California. In a recent YouTube interview, he criticized current governance under Gavin Newsom, emphasizing a collaborative approach to fix California's issues, including severe homelessness amidst wealth. Penner's background in finance is notable, having progressed from a trainee in 1983 to a key player in the development of CMBS. His plans include addressing wildfires, revitalizing Los Angeles, and preventing the outflow of businesses from the state, while pledging to limit his campaign spending.
I think California is in a desperate situation today. It suffers from incredible mismanagement. I love a good challenge. I love helping people.
Penner's approach to tackling problems in California includes wildfire prevention, rebuilding Los Angeles, and stemming the exodus of job creators to other states.
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