Events Detail

Center for Housing and Financial Markets

                       John Weicher

    James Chanos and William Ackman

recently held an event titled:

The Ongoing Credit Crunch:  What's Next for Structured Finance, Credit Rating Agencies, and Bond Insurers?

Tuesday, February 12

11:30 am - 2:00 pm

Hudson Institute

Betsy and Walter Stern Conference Room

1015 15^th St, NW

6^th Floor

Washington, D.C. 20005

Download Ed Grebeck's presentation here

Download William Ackman's presentation here

Download Joseph Mason's presentation here

The subprime mortgage crisis is now generating problems for highly-rated bond insurers, with potential costs to U.S. municipalities and other bond issuers.  This panel discussed the future roles of structured finance, the credit rating agencies, and bond insurers, in the mortgage markets and the financial system.  What should regulators and legislators do, if anything? 

Media Coverage of the Event:

CNBC's coverage of the conference

CNBC interview with William Ackman

CNBC interview with James Chanos

Bond Insurers' Woes Prompt Interest from Buffett, Congress, CNNMoney.com

Treasury Backs Lenders' Plan for Homeowners in Distress, Voice of America

Bond Insurerer Critic Praises Buffett Plan, BusinessWeek.com

Buffett Bids for MBIA, Ambac Municipal Bond, Bloomberg.com

Midday Tidbits--Making Up Words, WallStreetJournal.com

Panelists:

James Chanos: Managing Partner, Kynikos Associates, L.P.

William Ackman: Managing Member, Pershing Square Capital Management, L.P.

Sean Egan: Founding Principal, Egan-Jones Ratings Co.

Ed Grebeck: CEO, Tempus Advisors

Joseph Mason: Professor, Drexel University

Moderator:   

John C. Weicher, Director, Center for Housing and Financial Markets, Hudson Institute

Agenda:

11:30 am -12:00 p.m. Registration and Lunch

12:00 p.m – 2:00 p.m: Panel Discussion and Q&A

To request information, please contact Ioannis Saratsis at 202.974.2403 or e-mail isaratsis@hudson.org