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Date: Nov 12, 2008
Frank G. Zarb School of Business to Host a Financial Bailout Conference
Analyzing the Implications of the recent government bailout on the financial landscapeHofstra University, Hempstead, NY –Financial experts will assess the recent economic crisis and the implications of the Emergency Economic Stabilization Act of 2008 during a conference hosted by the Frank G. Zarb School of Business through its Merrill Lynch Center for the Study of International Financial Services and Markets on Tuesday, November 25, 2008 from 1:30 to 5:30 p.m. in the Hofstra University Club, David S. Mack Hall, North Campus.
In an effort to restore economic well-being to Americans, Congress passed the Emergency Economic Stabilization Act of 2008. This legislation gives the treasury secretary the authority to help restore the stability of the U.S. financial system using $700 billion in U.S. funds to purchase loans, distressed mortgages and mortgage-backed securities from financial institutions.
The conference will offer an overview of the financial crisis and an in-depth analysis of the need for a new unified framework to regulate financial enterprises, modernize financial regulation, restructuring the financial system and modify market value accounting. The first panel will begin at 1:30 p.m. followed by a keynote address from Lewis S. Ranieri, widely considered the father of mortgage-backed securities, then a second panel discussion and a reception.
"The Zarb School focuses on academic knowledge as well as practical application. This conference will focus on the most significant economic challenge of our lifetime. It will be a valuable learning tool for students who are interested in how the financial bailout will affect them personally today and professionally in their not-so-distant future," said Zarb School of Business Dean Salvatore F. Sodano.
First Panel Topic: Causes of the Financial Crisis and Bailout
Panelists include distinguished members of the financial and regulatory communities:
Richard Ketchum, chief executive officer, New York Stock Exchange Regulation
Richard Neiman, superintendent of banks, New York State Banking Department
Allan Mendelowitz, director, Federal Housing Finance Board
Lewis S. Ranieri, chairman, Ranieri Partners Management; former vice chairman of Salomon Brothers; former chairman of CA; and a member of Hofstra's Board of Trustees.
Second Panel Topic: Impact of the Bailout on Financial Institutions and Markets
Panelists include distinguished members of the academic, business and legal communities:
Edward Altman, Max L. Heine professor of finance, New York University
Scott Rechler, chief executive officer, Rexcorp
Daniel Rossner, partner, Sidley Austin LLP
This event is free and open to the public. For additional information please call the Merrill Lynch Center at (516) 463-6216 or visit www.hofstra.edu/mlc.
The Frank G. Zarb School of Business at Hofstra University believes that the best business education provides students with a sound knowledge of their field combined with a broad, well-rounded program of study guided by an experienced faculty committed to excellence.
The Merrill Lynch Center aims to disseminate information and facilitate student and faculty study in the field of international financial services and markets using an interdisciplinary approach to the interaction of academics and professionals.
Hofstra University is a dynamic private institution where students can choose from more than 140 undergraduate and 155 graduate programs in liberal arts and sciences, business, communication, education and allied human services, and honors studies, as well as a School of Law. With a student-faculty ratio of 14-to-1, our professors teach small classes averaging 22 students that emphasize interaction, critical thinking and analysis. Hofstra offers a faculty whose highest priority is teaching excellence. The University also provides excellent facilities with state-of-the-art technology, extensive library resources and internship programs that match students’ interests and abilities with appropriate companies and organizations. The Hofstra community is driven, dynamic and energetic, helping students find and focus their strengths to prepare them for a successful future.