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Wednesday November 25, 2009

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Past Event

A Hamilton Project Roundtable

Recent Financial Market Disruptions

Mortgage Market, Monetary Policy, U.S. Economy, Federal Reserve System, Financial Institutions


Event Summary

In recent months, problems with subprime mortgages have spilled over to the housing sector and financial markets more generally. These events have created widespread concerns about the hardships facing homeowners and potential risks to the overall economy. They have also raised near-term questions about how to best address economic risk, and provoked longer-term questions about the adequacy of current regulations and consumer protections.

Event Information

When

Wednesday, September 26, 2007
9:30 AM to 11:30 AM

Where

Regency Ballroom
Hyatt Regency on Capitol Hill
400 New Jersey Avenue, NW
Washington, DC 20001
Map

Contact: Brookings Office of Communications

E-mail: events@brookings.edu

Phone: 202.797.6105

On September 26th, The Hamilton Project at The Brookings Institution will convene a roundtable discussion with experts to help frame the challenges currently facing housing and the financial markets– where we are, what it means for the U.S. economy, possible next steps for recovery, and ways to minimize future problems.

After introductory remarks by former U.S. Treasury Secretary Robert E. Rubin, the Wall Street Journal's Alan S. Murray will moderate a roundtable discussion among the panelists, including former U.S. Treasury Secretary Lawrence H. Summers; Under Secretary of the U.S. Treasury for Domestic Finance Robert K. Steel; Evercore Partners Chairman Roger C. Altman; Eton Park Capital Management CEO Eric Mindich; and Brookings Senior Fellow Douglas W. Elmendorf. After the roundtable discussion, participants will take audience questions.

Event Multimedia:

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Transcript

ROBERT RUBIN: The current market disruptions pose at least the following questions for our panel; one, what are the causes of these disruptions; two, what is the likelihood of these disruptions continuing or even spreading; what is the likelihood that these disruptions will leave a serious adverse impact on our economy; four, what policy actions should be taken to limit the risk of serious adverse economic impact or to help reduce foreclosures among subprime mortgagors; five, do these disruptions bring to light any shortcomings in our regulatory system with respect to financial markets or consumer protection that should be addressed with additional measures.

Participants

Introductory Remarks

Robert E. Rubin

Citigroup Inc.

Moderator

Alan Murray

The Wall Street Journal

Panelists

Douglas W. Elmendorf

Senior Fellow, Economic Studies

Eric Mindich

Eton Park Capital Management

Lawrence H. Summers

Harvard University

Robert K. Steel

Department of the Treasury

Roger C. Altman

Evercore Partners


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