Financial Liquidity Crisis
Joseph “Jay” Brown, Jr., talked about the current liquidity crisis and his personal experiences within the financial services… read more
Joseph “Jay” Brown, Jr., talked about the current liquidity crisis and his personal experiences within the financial services industry. Among the topics he addressed were mortgage lending policies and practices, decisions made by financial lenders and business that led to instability created by subprime lending, and challenges posed to insurance interests posed by credit practices. He also answered questions from the audience.
He is chairman and CEO of MBIA, a Fortune 500 company and the world’s largest bond insurer. He retired as executive chairman of MBIA in May of 2007. MBIA’s board asked him to return to the company in February 2008 to lead it in the midst of the credit crisis. close
*The transcript for this program was compiled from uncorrected Closed Captioning.
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