On Friday October 3, Maryland will be hosting a conference on the Subprime Meltdown: Causes, Consequences and Solutions. As you can imagine, we appear to have an ever-widening array of issues that can be discussed including the housing crisis, the Congressional bailouts, the failure of investment firms, and the role of complex securities instruments. Our very own Christine Hurt will be presenting along with a host of other academics and experts including the chief economist of the U.S. House Committee on Financial Services, a former director of the SEC's Division of Corporation Finance, a member of the New York Times editorial board whose been following these issues, associate general counsel of AFL/CIO, counsel, Division of Consumer and Comunity Affairs, Federal Reserve Board, and a former general counsel of Fannie Mae.
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1. Posted by fedgovernor on September 18, 2008 @ 13:57 | Permalink
Congressional bailouts? Huh? Exactly who has Congress bailed out?
One can hope that some sanity will prevail with the understanding that Congress, through the Community Re-investment Act, created the housing bubble in the first place.
Repealing it would be a start.
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