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Political reaction to financial crises is usually accompanied by what proves to be greatly overstated expectations about its future effectiveness.
Panelists will address questions regarding Treasury Secretary Timothy Geithner's recently proposed two-part plan for addressing systemic risk.
This event will examine and discuss President Obama's financial policy.
For many in the U.S., the worrisome events occurring in Europe recall the 2008 financial crisis. If Greece or some other country should fail to meet its debt obligations, the result could be much like the 2007 mortgage meltdown in the United States. Why is all this happening again?
An idea gaining strength in Washington is to create a systemic risk regulator, compounding the moral hazard of Fannie Mae and Freddie Mac.
In regards to the Federal Reserve as super regulator, change is needed and long delayed, but appropriate change must protect the public, not bankers.
The proposal to make the Federal Reserve a "systemic risk regulator" is deeply misguided.
A systemic risk adviser is distinctly worth a try, and, if it is properly structured, we should try it.




