CHHS Director to speak at landmark financial conference

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Michael Greenberger, founder and director of the University of Maryland Center for Health and Homeland Security, will join a panel of distinguished speakers at the “Make Markets Be Markets” conference on March 3 in New York City.

Sponsored by the Roosevelt Institute, the conference will offer a clear picture of what should be done to ensure a stable financial sector, anticipating that U.S. lawmakers will fall short in their effort to enact effective regulatory reform of financial markets. The presentations, along with an accompanying report authored by the presenters, will detail a concrete plan for a financial system that can manage the flow of capital, price risk appropriately, reduce fraud and collusion, protect taxpayers, and provide liquidity without compromising innovation or stability. The report will be distributed to White House senior staff, chiefs of staff in Congress, key financial reporters and other decision-makers, media professionals and engaged citizens. It will also be available online at www.newdeal20.org.

The chapter of the report written by Professor Greenberger, “Out of the Block Hole: Regulatory Reform of the Over-the-Counter Derivatives Market,” describes how the opaque and unregulated over-the-counter derivatives market largely led to and exacerbated the subprime meltdown and the resulting recession.

To read Professor Greenberger’s chapter, click here.

Professor Greenberger is one of more than a dozen nationally and internationally recognized experts speaking at the conference, including philanthropist and hedge fund manager George Soros, Nobel Prize-winning economist Joseph Stiglitz, and Elizabeth Warren, chair of the TARP Congressional Oversight Panel. Professor Greenberger is a former director of the Division of Trading and Markets at the U.S. Commodity Futures Trading Commission and he has testified before Congressional committees numerous times on dysfunctions in financial markets. He is also a professor at the University of Maryland School of Law.

About the Roosevelt Institute:

The Roosevelt Institute is the nonprofit partner to the Franklin D. Roosevelt Presidential Library and Museum in Hyde Park, New York, and supports the Library’s exhibits, educational programs, and special initiatives. In much of its work, the Institute engages some of the fundamental policy challenges of our era, supporting people – young and old – who carry forward the courage and values that Franklin and Eleanor Roosevelt brought to key points in the 20th century. The policy work of Roosevelt Institute fellows reflects a commitment to rigorous, open-minded inquiry and a belief in the power that can be derived from a lively and free debate of ideas in the United States and around the world. Find out more online at http://www.rooseveltcampusnetwork.org.

Conference details:
What: Make Markets Be Markets
When: Wednesday, March 3, 2010
Time: 8 a.m. – 11 a.m.
Location: Time Warner Center, 10 on the Park, New York, New York

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