Subprime Debt Crisis
On March 20, 2008, a very exciting panel led an intense debate on our nation's current, so called, debt crisis. In the comfortable confines of Bucktown's Chaise Lounge, panelists Jonathan Hoenig, Atif Mian and Todd Henderson did a wonderful job of explaining the reasons why the crisis occurred, what is happening now, and what solutions businesses and local, state and federal governments should, or should not take to address these concerns. This roundtable was genuine AFF material.
Getting beyond talking points and political rhetoric, while educating the audience at hand. Should government stay out of the issue and let market forces fix the problem quickly? Should new laws be passed to prevent mortgage companies from offering what initially looks like a great deal, but tends to get their customers into debt trouble? Or, is that a risk the businesses take, and need to deal with losses when their customers can not pay the bill? How about industry bailouts by the government? Are government funded bailouts good for the country? For those who think finance, banking, debt to income ratios and differential growth rates are boring topics, time to think again!
Video of the roundtable is available here.
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