James Lardner released his report for Demos, Beyond the Mortgage Meltdown: Addressing the Current Crisis, Avoiding a Future Catastrophe. Panelists analyzed the strengths and weaknesses of the rescue bill before Congress sponsored by Senator Christopher Dodd, Senator Richard Shelby, and Representative Barney Frank. Other topics included the magnitude of the housing market crisis; the history of the housing market bubble; the enabling role of federal agencies and officials in the subprime crisis; additional steps recommended to contain the foreclosure epidemic and aid states and localities; and recommendations for new rules and oversight machinery for the mortgage market. close
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Alfred A. DelliBovi President and CEO Federal Home Loan Bank->New York, NY
James Lardner Senior Fellow Demos
Condition of Financial Markets
In light of economic concerns at several Wall Street firms such as Lehman Brothers and most recently AIG, Mark Zandi talked about…
President Bush spoke about developments in the financial markets and federal efforts to stabilize them.
Presidential Address Reaction
Telephone lines were open for reaction to a presidential address on plans to rescue financial markets.
Meeting on Financial Market Rescue Plan
Bush spoke to reporters following a meeting with members of Congress. The meeting included leadership from both parties…