Meltdown On Wall Street - WESeminar


Meltdown On Wall Street - WESeminar


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Wesleyan University's WESeminar series Homecoming/ Family Weekend October 2008 The recent mortgage excesses have evolved into a widespread financial crisis as delinquent and underwater home mortgages, many subprime, infected the financial institutions on Wall Street. The stock market has tanked and the threat of a recession looms, and these financial conditions have spread abroad. Congress, the Treasury, and the Federal Reserve have fashioned an experimental and expensive bailout to renew liquidity and confidence in the financial markets. Many question whether these drastic measures will help? Join our panelists for an open conversation about why our economy has been on a downward spiral and what it will take to turn things around. Moderator: Richard Miller, Woodhouse/Sysco Professor of Economics, Emeritus Presenters: Vanessa Burgess 77, former Wesleyan trustee and head of investment banking with eMedsecurities, a global investment bank and online brokerage firm specializing in the life sciences; Timothy Clew 93, director of investment banking, Credit Suisse, New York City; Gilbert Skillman, professor of economics; others to be announced , Gil Skillman, Professor of Economics, Wesleyan University


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