An Affair to Remember

Questions are now being taken from the audience. My overall take from the panelists so far is that no board, entity, or government agency has the right answer on how to mitigate this financial crisis. More regulation is a common theme as is letting the market equal itself out without government bailout.

Arthur Rolnick read a news article from 1999 that has great value 9 years later. It described Fannie Mae's relaxed policies on home ownership and how this increased risk it acceptable during flush economic times, but during a recession, may need government funds to rescue.

Oh history, you teach us so much...