Audio and video recorded on March 19, 2009.
After discussing the extent to which credit risk has been nationalized directly or indirectly through loans or credit guarantees provided by various federal agencies (Treasury, the Fed, the FDIC, the GSEs, etc.), the panel will discuss specific options for denationalizing credit risk through the termination of credit guarantees, the run-off of lending by Treasury and the Fed, the privatization or liquidation of Fannie and Freddie, and regulatory and statutory changes which could spur increased saving and the resumption of lending by private-sector financial intermediaries in a manner that is much less likely to lead to another financial crisis.
THURSDAY, MARCH 19
12:45 p.m. - 2:45 p.m.
Panel II: Reprivatizing Credit Risk: Where Do We Go From Here?
- Hon. Jeb Hensarling, Representative, 5th District of Texas
- Mr. David Berenbaum, Executive Vice President, National Community Reinvestment Coalition
- Mr. John C. Weicher, Director of Center for Housing and Financial Markets, Hudson Institute
- Mr. Alex Pollock, Resident Fellow, American Enterprise Institute
- Moderator: Hon. Ronald A. Cass, President, Cass & Associates, PC
National Press Club