Alex J. Pollock is a resident fellow at the American Enterprise Institute (AEI), where he studies and writes about housing finance; government-sponsored enterprises, including Fannie Mae, Freddie Mac, and the Federal Home Loan Banks; retirement finance; and banking and central banks. He also works on corporate governance and accounting standards issues.
Pollock has had a 35-year career in banking and was president and CEO of the Federal Home Loan Bank of Chicago for more than 12 years immediately before joining AEI. A prolific writer, he has written numerous articles on financial systems and is the author of the book “Boom and Bust: Financial Cycles and Human Prosperity” (AEI Press, 2011). He has also created a one-page mortgage form to help borrowers understand their mortgage obligations.
The lead director of CME Group, Pollock is also a director of the Great Lakes Higher Education Corporation and the chairman of the board of the Great Books Foundation. He is a past president of the International Union for Housing Finance.
He has an M.P.A. in international relations from Princeton University, an M.A. in philosophy from the University of Chicago, and a B.A. from Williams College.
At this event, Herman will discuss his sweeping panorama of ideas and their consequences, with comments by AEI’s Charles Murray and John Weicher of the Hudson Institute. AEI’s Alex Pollock will moderate.
Should banking regulations ever have forced the use of bond credit ratings from certain ratings agencies for investment decisions and risk-based capital requirements? No. Mandatory use of credit ratings was a big regulatory mistake.
The president of the Deutsche Bundesbank, Jens Weidmann, discussed in a recent essay, "Stop Encouraging Banks to Load Up on State Debt," what he calls the "disastrous sovereign-banking nexus"-in other words, the disastrous interaction of governments and banks.
Fannie Mae and Freddie Mac are reporting profits, but remain wards of the state, and although Ben Bernanke was the chief financier of the crisis, the post–Bernanke world will begin on January 31, 2014. What then? These and other relevant issues will be addressed by our expert panel.