Age of Greed

Financial Reregulation and the Future of Wall Street

 

World Policy Institute and the Century Foundation present:

Financial Reregulation and the Future of Wall Street:
A Breakfast Dicussion with Jeff Madrick and Herb Allison

Friday, September 16, 2011 – 8:30am
The Century Foundation
41 East 70th Street
New York, New York

Video from September 16th Event:

The Age of Greed: The Triumph of Finance and the Decline of America, 1920 to the Present, is a vividly told history of how greed bred America’s economic ills over the last forty years, and of the men most responsible for them. As Jeff Madrick makes clear in a narrative at once sweeping, fast-paced, and incisive, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who have argued that self-interest guides society more effectively than community concerns.  These stewards of American capitalism have insisted on the central and essential place of accumulated wealth through the booms, busts, and recessions of the last half century, giving rise to the current economic inequity and instability, not only in America, but around the world. 

This breakfast conversation brings together Jeff Madrick and Herb Allison, who builds a powerful case for breaking up the megabanks and overhauling regulation and oversight of the financial industry in The Megabanks MessMadrick and Allison discuss how we got here, who played a major role, and what to do about it going forward.

About the Speakers:

Jeff Madrick is a regular contributor to The New York Review of Books and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, senior fellow at the World Policy Instiute, Roosevelt Institute and the Schwartz Center for Economic Policy Analysis, The New School, and a fellow at The Century Foundation.

Herb Allison is the former Assistant Secretary of the Treasury for Financial Stability, where he directed the Troubled Asset Relief Program (TARP), the  government's $700 billion financial bailout program. During his 40-year career, he also managed the investment banking and trading divisions and then served as president of Merrill Lynch in the 1990s; led TIAA-CREF, one of America’s most respected investment companies, from 2002-2008; and assumed leadership of Fannie Mae at the request of Treasury Secretary Paulson when that company was placed into conservatorship during the mortgage crisis. He also coordinated the group of banks that bailed out Long Term Capital Management in 1998.

When:

Friday, September 16
8:30 to 10:00 AM

Where:

The Century Foundation
41 East 70th Street
New York, NY

RSVP:

This event is free, but seating is limited. Registration is required to reserve a seat. RSVP by September 14 to events@worldpolicy.org or to the WPI events line at 212 481 5005, Option 2.

About the Sponsors

The World Policy Institute and World Policy Journal engage fresh ideas and new voices from around the world to address critical shared challenges. We provide a forum for solution-focused policy analysis and public debate toward an inclusive and sustainable global market economy, effective and fair governance, and collaborative approaches to security.

The Century Foundation conducts public policy research and analyses of economic, social, and foreign policy issues, including inequality, retirement security, election reform, media studies, homeland security, and international affairs. With offices in New York City and Washington, D.C., The Century Foundation is nonprofit and nonpartisan and was founded in 1919 by Edward A. Filene.

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