Robert E. Rubin
When: Friday, March 14, 2008 • 11:00 AM to 1:00 p.m.
Where: The Brookings Institution: Falk Auditorium • 1775 Massachusetts Ave., NW • Washington, DC • Map
Congress and the Bush administration are considering a broad array of proposals to address the current housing crisis, ranging in scope from minor adjustments to the mortgage-market to the creation of a federal agency to handle widespread refinancing of mortgages. However, the question of which policy provides the most effective remedy — while balancing the associated costs and risks — remains unanswered.
The Hamilton Project at Brookings hosted a discussion on proposed policy responses to the mortgage-foreclosure problem. Former U.S. Treasury Secretary Robert E. Rubin gave welcoming remarks followed by former U.S. Treasury Secretary Lawrence H. Summers, who provided an overview of the mortgage landscape and its broader economic implications. A roundtable discussion, including Michigan Law School Professor Michael S. Barr, Brookings Senior Fellow Douglas W. Elmendorf, JPMorgan Chase Senior Vice President Marguerite E. Sheehan, and NeighborWorks America CEO Kenneth D. Wade, evaluated several specific proposals for ameliorating the mortgage-foreclosure problem and proposed next steps for consideration.
Robert E. Rubin
Lawrence H. Summers
Michael S. Barr
University of Michigan Law School
Douglas W. Elmendorf
Senior Fellow, Economic Studies
Marguerite E. Sheehan
Kenneth D. Wade
Moderator: Lawrence H. Summers
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.