Have We Learned Anything from the 2008 Financial Crisis?

Co-hosted with the Institute of Politics

October 25, 2018

5:30pm 6:45pm

Gleacher Center, Rm. 621 | 450 Cityfront Plaza Dr.

Please note: this event is sold out.

The collapse of Lehman Brothers in September 2008 sent shockwaves throughout global markets and economies, marking the start of the global financial crisis. With the Dow dropping over 500 points in a single day, the US economy was well on its way to recession. The G.W. Bush Administration’s Emergency Economic Stabilization Act was quickly passed in October to stabilize the banking system, creating the $700 billion Troubled Asset Relief Program (TARP), through which the Bush Administration recapitalized the nation’s banks to save the U.S. financial system from collapse. The Obama Administration’s American Recover and Reinvestment Act followed in 2009 to help jumpstart the economy and reduce unemployment, and Congressional leaders later passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which changed financial regulation to improve financial stability.

Now, a decade later, what are the lasting impacts of the financial crisis on the U.S. economy? Looking back in the rearview mirror of fiscal policy, how effective were the responses to the crisis and how are they shaping financial markets today? And what should policymakers do to further strengthen the economy and prepare for future crises?

Join the Becker Friedman Institute and the Institute of Politics in welcoming two distinguished policy leaders from the financial crisis in a conversation on what happened, what we learned, and what can be done to prevent a similar catastrophe from happening again

Barney Frank, former Chairman of the House Financial Services Committee (D-MA) and Co-sponsor of the Dodd-Frank Act

Henry M. Paulson, Jr., former U.S. Secretary of the Treasury (President G.W. Bush), Chairman of the Paulson Institute at the University of Chicago

This conversation will be moderated by Bethany McLean, contributing editor for Vanity Fair and former IOP Fellow.

  • This event is free and open to UChicago students, faculty, staff and the public. If you cannot attend, please cancel your ticket order on Eventbrite so others may register.
  • Registration is required.
  • Doors will open 30 minutes before the event begins. Any unclaimed seats will be released 10 minutes before the event begins. Please arrive early to claim your seat. If you can no longer attend, please cancel your ticket order on Eventbrite so others may register.
  • Please contact the Institute of Politics at uchicagopolitics@gmail.com or 773-834-4671 for any other questions or accommodation requests.
  • All media and press outlets should contact Matt Jaffe, Director of Communications at mjaffe@uchicago.edu prior to event.
  • Shuttle transportation will be provided for University of Chicago enrolled students. The shuttle will depart from The Institute of Politics, 5707 S Woodlawn Ave. at 4:30pm. The shuttle will return to the Institute of Politics at the conclusion of the event.

 

October 25, 2018 - 5:30pm 6:45pm