May 8

Past Event

Responding to the Financial Crisis: A Conversation with Senator Bob Corker

Event Materials

Video

Highlights

  • Regulation

    Corker warns that, if we regulate during the crisis, well be doing the wrong thing.

  • Anti-stimulus Bill

    If the country is looking better in six months, the senator suggests that an anti-stimulus bill might be in order.

  • AIG Bonuses

    Corker equates U.S. efforts to halt the AIG bonuses to a Banana Republic.

Audio

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Summary

Since the passage of the Emergency Economic Stabilization Act of 2008, officials have struggled to get ahead of the evolving financial crisis. Critics contend the size, shifting rationale and focus of federal financial rescue efforts put the government in a dangerous new position with controlling interests in banks, auto companies and insurance firms. Proponents argue that this flexibility is necessary to contend with these unprecedented challenges and to allow the government to right the economy.

On May 8, Senior Fellow Martin Baily and the Initiative on Business and Public Policy at Brookings hosted a conversation with Senator Bob Corker (R-Tenn), a member of the Senate Banking Committee, to discuss the federal response to both the financial crisis and the broader economic downturn.

After the program, the senator took questions from the audience.

Event Agenda

Details

May 8, 2009

1:00 PM - 2:00 PM EDT

The Brookings Institution

Stein Room

1775 Massachusetts Avenue, N.W.

Map

For More Information

Brookings Office of Communications

(202) 797-6105