October 29, 2008
Vol. 24 , No. 02
View Entire Issue (Vol. 24 , No. 02)
Financial Crisis Panel Discussion
PHILIP FLYNN '79
ALAN HEUBERGER '96
S. BROCK BLOMBERG, moderator
THURSDAY, OCTOBER 2, 2008
LUNCH 12:00 p.m. LECTURE 12:30 p.m.
The Wall Street Journal has pronounced the financial crisis that began 13 months ago as “The Worst Crisis Since the 30s, with No End Yet in Sight.” The Robert Day School of Economics and Finance will host a timely panel discussion on the current financial situation on Thursday, October 2nd at noon at the Marian Miner Cook Athenaeum.
The recent turmoil in the financial sector has led to significant changes in the landscape of the markets. As government intervention and consolidation activity increases, new problems are arising seemingly every day. In order to gain different perspectives on the various issues, a group of panelists featuring CMC faculty members and practitioners will share their views on the unfolding crisis.
During the discussion, the panel will reflect on the causes and consequences of the unraveling of the financial sector. Specific topics may also include comparisons to other historical financial crises, moral hazard issues associated with bailouts, the role of credit default swaps, the involvement of Fannie Mae and Freddie Mac, the role of regulation in creating the crisis, the outlook for the industry and economy, and implications for the job market.
The panelists’ background information can be found on the Robert Day School website at http://www.claremontmckenna.edu/rdschool/about/.