Financial Roundtable Teleconference
Upcoming Events
" Where We Stand On the Financial Crisis”
Wednesday, July 2, 2008
3:00 PM Eastern
Peter Hooper, Chief U.S. Economist, Deutsche Bank Securities
Scott Pardee, Professor of Monetary Economics, Middlebury College
Charles Peabody, Portales Partners (Slideshow)
Robert T. McGee, U.S. Trust and Bank of America Wealth Management, will moderate
Registration
Registration for teleconferences is complimentary for Financial Roudtable members and $10 for other NABE members; and $60 for non-members. After you register, we will send you dial-in information.
- Roundtable members register here.
- Gold Pass members register here.
- All other NABE members can use the secure server
Previous Teleconferences
Credit Shocks and Economic Aftershocks
Tuesday, May 6, 2008
11:00 AM-12:00 Noon Eastern
Speakers:
Richard Brown, FDIC
Stuart Hoffman, PNC Financial Services
John Silvia, Wachovia Bank
Moderator:
Nayantara Hensel, U.S. Naval Postgraduate School
"The Unfolding Credit Crisis”
Thursday, November 1, 2007
2:00 PM Eastern
Speaker
Charles Peabody, Portales Partners
Robert T. McGee, U.S. Trust Company will be moderator
Mr Peabody is an expert on credit market problems including those related to housing and mortgage markets. He was one of the few observers to anticipate the problems and realize that they were much broader than generally appreciated by the consensus. We have chosen the date so that he will be able to incorporate third quarter results of many large financial institutions into his comments.
This teleconference is now available as a podcast.
"Turmoil in Credit Markets: Rational Re-Pricing, or, Emerging Credit Crunch?"
Tuesday, August 7, 2007
This teleconference is available as a podcast. Either download it here, or subscribe to the NABE Podcast series via iTunes.
Martin Fridson, CFA, FridsonVision LLC
Mark Zandi , Moody's Economy.com Inc (Presentation -- PDF 282 K)
Joshua Rosner, Graham Fisher & Co
Richard DeKaser, National City Corporation, Moderator
The past few weeks have witnessed a significant re-assessment of credit risk. Credit spreads on corporate debt have widened, bond issuances have been cancelled, and commercial lenders have tightened underwriting standards. While the deterioration of credit quality in mortgage markets is widely acknowledged as appropriate, there is less agreement regarding slippage in other debt markets. The economic implications, therefore, are murky.
“Maintaining and Improving the Competitiveness of U.S. Capital Markets”
Wednesday, May 30, 2007
1:00 PM Eastern
Speaker:
Glenn Hubbard, Dean, Columbia Business School, former Chair, President’s Council of Economic Advisers
Richard DeKaser, Chief Economist, National City Corporation, will moderate.
The discuss will draw heavily on the work done at the Committee on Capital Markets Regulation (http://www.capmktsreg.org/index.html), which Dean Hubbard chairs.
This teleconference is available as a NABE Premium Podcast for a registration fee of $10. You can register for the podcast on the NABE Secure Server.
Glenn Hubbard was named dean of Columbia Business School on July 1, 2004. A Columbia faculty member since 1988, he is also the Russell L. Carson Professor of Finance and Economics. As a faculty member at Columbia University’s Graduate School of Arts and Sciences, he is professor of economics. Professor Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida, where he received the National Society of Professional Engineers Award. He holds AM and PhD degrees in economics from Harvard University, where he received fellowships from the National Science Foundation and the Alfred P. Sloan Foundation. He has been a visiting professor at Harvard’s Kennedy School of Government and Harvard Business School, as well as the University of Chicago. Professor Hubbard also held the John M. Olin Fellowship at the National Bureau of Economic Research, at which he remains affiliated with research programs in monetary economics, public economics, corporate finance, and industrial organization. Additionally, he is a visiting scholar at the American Enterprise Institute in Washington and a member of the International Advisory Board of the MBA Program of Ben-Gurion University.
For more background on Dean Hubbard, see http://www0.gsb.columbia.edu/faculty/ghubbard/cv.html
"China's Trillion in U.S. Dollar Reserves - Threat or Opportunity?"
Held Wednesday, February 7, 2007
Speaker:
Robert Hormats, Vice Chairman, Goldman Sachs (International)
Richard DeKaser, Chief Economist, National City Corporation, will moderate.
Podcast
This teleconference is available as a free podcast. Download it at the NABE Podcast page or via a free subscription at the Apple iTunes store.
Robert D. Hormats is Vice Chairman of Goldman Sachs (International) and managing director of Goldman, Sachs & Co. He joined Goldman Sachs in 1982.
He was Secretary of State for Economic and Business Affairs from 1981 to 1982, Ambassador and Deputy U.S. Trade Representative from 1979 to 1981, and as Senior Deputy Assistant Secretary for Economic and Business Affairs at the Department of State from 1977 to 1979. He served as a Senior Staff Member for International Economic Affairs on the National Security Council from 1969 to 1977 during which time he was Senior Economic Advisor to Dr. Henry Kissinger, General Brent Scowcroft and Dr. Zbigniew Brzezinski. Mr. Hormats was a recipient of the French Legion of Honor in 1982 and Arthur Fleming Award in 1974.
Mr. Hormats has been a visiting lecturer at Princeton University and is a member of the Board of Visitors of the Fletcher School of Law and Diplomacy and the Dean’s Council of the John F. Kennedy School of Government at Harvard University. He is a member of the Council on Foreign Relations and a board member of the Irvington Institute for Immunological Research, Engelhard Hanovia, Inc., The Economic Club of R New York, and Freedom House. Mr. Hormats is also a member of the Advisory Boards of Foreign Policy and International Economics magazines. Mr. Hormats’ publications include Abraham Lincoln and the Global Economy; American Albatross: The Foreign Debt Dilemma; and Reforming the International Monetary System. Other publications include articles in Foreign Affairs, Foreign Policy, The New York Times, The Washington Post, The Wall Street Journal, American Banker and The Financial Times. Mr. Hormats earned a B.A. from Tufts University in 1965 with a concentration in economics and political science. In 1966 he earned an M.A. and, in 1970, a Ph.D. in international economics from the Fletcher School of Law and Diplomacy.
"Fiscal Policy after the Midterm Elections”
This teleconference is available as a free podcast. You can download it via the NABE Podcasts page, or via a podcasting subscription service
Teleconference sponsored by the Financial Roundtable
Thursday, November 9, 2006
3 PM Eastern
Speaker:
Douglas Holtz-Eakin, Director of the Maurice R. Greenberg Center for Geoeconomic Studies, Council on Foreign Relations, and former Director of the Congressional Budget Office
Thomas D. Gallagher, Senior Managing Director ISI Group Inc
Richard DeKaser, Chief Economist, National City Corporation, will moderate.
Douglas Holtz-Eakin is the director of the Maurice R. Greenberg Center for Geoeconomic Studies and the Paul A. Volcker chair in international economics at the Council on Foreign Relations. He most recently served as the sixth director of the Congressional Budget Office, a position he held since February 2003.Dr. Holtz-Eakin previously served for 18 months as chief economist for the President’s Council of Economic Advisers, where he also served as senior staff economist in 1989 and 1990. Prior to that, Dr. Holtz-Eakin served as CBO’s representative on the Federal Accounting Standards Advisory Board.
Dr. Holtz-Eakin previously served as a trustee professor of economics at the Maxwell School, Syracuse University. At the Maxwell School, he served as chairman of the Department of Economics and associate director of the Center for Policy Research. He also has served as editor of the National Tax Journal, associate editor of the Journal of Human Resources, and as a member of the editorial board for Public Budgeting & Finance, Economics and Politics, Journal of Sports Economics, Regional Science and Urban Economics, and Public Works Management and Policy.
Dr. Holtz-Eakin has a long-standing and broad interest in the economics of public policy. He has studied the role of federal taxes in home ownership, the contribution of inventories to the business cycle, and a wide variety of topics in state and local government finance. Recently, his research has centered on the economics of fundamental tax reform, productivity effects of public infrastructure; income mobility in the United States; and the role of families, capital markets, health insurance and tax policy in the start-up and survival of entrepreneurial ventures.
Thomas D. Gallagher is a Senior Managing Director of International Strategy and Investment Group Inc. ISI is broker-dealer specializing in economic and political research for institutional investors. Tom runs ISI's Washington office, which analyzes the financial market implications of policy actions and political developments. He joined ISI in February 1999. Prior to that he was a managing director at Lehman Brothers, where he worked as a political economist for 13 years.
Tom has been ranked on the Institutional Investor's All-Star Team for Washington research for the last nine years and was rated the #1 Washington analyst in 2001. He is a regular panelist on "Louis Rukeyser's Wall Street." He serves on the Community First Bankshares Board of Directors and is on the Editorial Advisory Board of Mental Floss magazine.
Before his Wall Street jobs, Tom worked in the federal government for eight years. He served as a senior staff member at the U.S. International Trade Commission, as a Legislative Assistant to Senator George Mitchell, as an Economist for the Senate Budget Committee, and as an Analyst in Public Finance for the Congressional Research Service. Tom earned a BS in Economics and Political Science from the University of South Dakota (1976) and a Masters of Public Policy from the Kennedy School of Government, Harvard University (1978). He is also a Chartered Financial Analyst
This is a free podcast. You can download it via the NABE Podcasts page, or via a podcasting subscription service.
“Has Financial Development Made the World Riskier?”
This teleconference was held Monday, August 14, 2006
Speaker: Dr. Raghuram G. Rajan, Chief Economist, IMF
This is a free podcast. You can download it via the NABE Podcasts page, or via a podcasting subscription service.
“Risks in the Financial System”
Teleconference sponsored by the NABE Financial Roundtable
Thursday, April 6, 2006
11 AM EDT
Speaker: Henry Kaufman, Wall Street economist and financial consultant.
This teleconference was held 4/6/2006.
Registration
This is a free podcast and can be downloaded from the NABE Podcast page, or subscribed to via iTunes
About Henry Kaufman
Henry Kaufman is President of Henry Kaufman & Company, Inc., a firm established in April 1988, specializing in economic and financial consulting. For the previous 26 years, he was with Salomon Brothers Inc, where he was Managing Director, Member of the Executive Committee, and in charge of the Firm’s four research departments. He was also a Vice Chairman of the parent company, Salomon Inc. Before joining Salomon Brothers, Dr. Kaufman was in commercial banking and served as an economist at the Federal Reserve Bank of New York.
Dr. Kaufman, who was born in 1927, received a B.A. in economics from New York University in 1948, an M.S. in finance from Columbia University in 1949, and a Ph.D in banking and finance from New York University Graduate School of Business Administration in 1958. He also received an honorary Doctor of Laws degree from New York University in 1982, and an honorary Doctor of Humane Letters degree from Yeshiva University in 1986, and from Trinity College in 2005. Dr. Kaufman’s book, On Money and Markets, A Wall Street Memoir, was published in June, 2000. In 1987, Dr. Kaufman was awarded the first George S. Eccles Prize for excellence in economic writing from the Columbia Business School for his book, Interest Rates, the Markets, and the New Financial World.
Besides his business activities, Dr. Kaufman is active in a number of public organizations in the following capacities:
Member of the Board of Directors, Lehman Brothers Holdings Inc.;
Member of the Board of Trustees (and former President), The Animal Medical Center;
Member of the Board of Trustees, Cambridge Center For Behavioral Studies
Member of the Board of Trustees (and Chairman Emeritus), Institute of International Education;
Member of the Board of Trustees, New York University;
Treasurer (and former Trustee), The Economic Club of New York;
Member (and Chairman Emeritus), Board of Overseers, Stern School of Business, New York University
Member, International Advisory Committee of the Federal Reserve Bank of New York;
Member, Advisory Committee to the Investment Committee, International
Monetary Fund Staff Retirement Plan;
Member of the Board of Governors, Tel-Aviv University.
Life Trustee, The Jewish Museum
Dr. Kaufman also served as a member of the Board of Directors of W. R. Berkley Corp. (1994-2001); FreddieMac (1990-2004); and as a member of the Board of Trustees of the Whitney Museum of American Art (1983-2005).
Speaker: John C. Bogle, Founder , Vanguard Group, Inc. , and President , Bogle Financial Markets Research Center
This teleconference was held 1/24/2006.
See: http://www.vanguard.com/bogle_site/bogle_home.html
Topic: The Battle for the Soul of Capitalism
John Bogle’s recent book outlines what he sees as important shortcomings of U.S. corporate governance in the wake of Sarbanes-Oxley. These include boards that do not effectively protect shareholders by reigning in the excesses of managers; a shortening of the investment time horizon (the “rent-a-stock” system) that undermines market discipline; and excessive costs imposed by mutual fund managers who are more motivated by sales and fees than by stewardship. Fortunately, Bogle’s book is packed with concrete recommendations to address these issues, including reform in the way stock options are structured and expensed, a widening the scope of required financial reporting, and disclosure by mutual funds as to how they voted the proxies of their shareholders. This teleconference was hosted at the FDIC Risk Analysis Center. Mr. Bogle presentedt a summary of his views on these issues and addressed questions from the audience in this NABE Financial Roundtable teleconference presentation.
About John C. Bogle
John C. Bogle, 75, is Founder of The Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as Chairman and Chief Executive Officer until 1996 and Senior Chairman until 2000. In 2004, TIME magazine named Mr. Bogle as one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 1999, FORTUNE designated him as one of the investment industry's four "Giants of the 20th Century." In the same year, he received the Woodrow Wilson Award from Princeton University for "distinguished achievement in the nation's service."
Previous Teleconferences
"Economic Consequences of Sarbanes-Oxley"
Speaker: Alex Pollock, Resident Scholar, American Enterprise Institute
(formerly President, Federal Home Loan Bank of Chicago)
Moderator: Richard Brown, FDIC
Wednesday, May 18, 2005
11:00 AM Eastern