Sessions Information

  • January 6, 2017
    8:30 am - 10:15 am
    Session Type: Section Call for Papers
    Session Capacity: 90
    Hotel: Hilton San Francisco Union Square
    Room: Continental Ballroom 1
    Floor: Ballroom Level

    On March 28, 2007, Fed Chairman Ben Bernanke spoke before a Congressional committee concerning the "turmoil in the subprime mortgage market." While recognizing the "severe financial problems" that many "individuals and families" faced, he noted that, "[a]t this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained." Days later, a leading subprime lender, New Century Financial Corporation would file for bankruptcy. By summer, with the downgrading of numerous subprime mortgage-linked securities and the collapse of two Bear Stearns hedge funds that were invested in such instruments, it became clear that the crisis was not contained. Ten years later, we continue to reflect on the profound pain and the tremendous progress. This panel will assemble a range of academic and policy experts to consider the work completed and the work ahead. Topics will include the Dodd-Frank Act, bank capital requirements, systemic risk, consumer financial protection, and the ongoing race, economic justice, and gender issues associated with the mortgage and financial crisis. As the conference takes place during the last weeks of the presidential interregnum, attention will also be paid to what changes a new administration could bring.

    The section held a virtual business meeting in advance of the Annual Meeting.

Session Speakers
Stanford Graduate School of Business

Georgetown University Law Center

Boston College Law School

U.S. Department of Treasury

Washington University in St. Louis School of Law
Speaker from a Call for Papers

St. Mary's University School of Law
Speaker from a Call for Papers

Session Fees
  • [6150] Financial Institutions and Consumer Financial Services: $0.00