In the aftermath of regulatory failures that led to an unprecedented global financial crisis, the rules of the road are being rewritten. The House of Representatives passed legislation late last year and the Senate Banking Committee is hard at work behind closed doors to develop its own plan. Are the changes pending in Congress bold enough to fix the U.S. Financial System?
Author Bob Pozen’s new book, Too Big to Save, offers a sophisticated analysis of the origins of the crisis written for experts and non-experts alike. It is also chock full of detailed prescriptions for mortgage securitization, credit default swaps, hedge funds, capital requirements, money market funds, executive compensation and corporate governance, accounting rules, international coordination, and regulatory structure. Rob Johnson was recently named executive director of the Institute for New Economic Thinking, a newly formed research and grantmaking organization formed to develop fresh approaches to economic theory and policy. George Soros has pledged $50 million to the effort.
Please join the Center for American Progress for an event, using Pozen’s book as the launching pad, where these two astute students of the crisis will talk about what they think we need to do and whether the legislative process is likely to produce it.
Copies of Too Big to Save will be available for purchase at the event.
Robert Johnson, Executive Director, Institute for New Economic Thinking; Director of Economic Policy, Roosevelt Institute
Robert Pozen, author, Too Big to Save? How to Fix the U.S. Financial System; Chairman, MFS Investment Management®
Moderated by: Sarah Rosen Wartell, Executive Vice President, Center for American Progress
A light lunch will be served at 11:30 a.m.
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