COP Hearing: Learning from the Past—Lessons from the Banking Crises of the 20th Century

COP held a public hearing on the lessons to be learned from government responses to the major banking crises of the 20th century on Thursday March 19th, 2009 in Washington, D.C. The hearing provided an opportunity for the Panel members to hear from experts on the prominent banking crises of the last 100 years.

The Panel heard testimony from experts on the banking crises in Japan and Sweden during the early 1990s, the Savings and Loan collapse in the 1980s, and the Great Depression of the 1930s.

Category:

News & Politics

Tags:

• treasury
• elizabeth warren
• richard neiman
• damon silvers
• TARP
• bailout
• sweden
• japan
• great depression
• financial crisis
• banking crises

[radicalchad1]

Geitner should be locked up for fraud, treason, & tax evasion. Remember, these aren't accusations from some internet goon. These publicly provable crimes against the United States.

[EmmaBeelah]

9:20, Silvers:

"The fall in asset prices at it's heart was rational. Subprime loans and everything derivative upon them are not now, and will never be worth their face value.."

It is refreshing to hear this said plainly. This also applies not only to mortgages, but to so many other sectors of this economic crisis.

[artist2400]

that was long

[davidluk8]

Where are the audience ? Nobody care !

[MrFilistine]

'learn from mistakes of the past"?

Here's what we learned from 1929

Bugger all

If we'd learned anything we wouldn't have repeated ourselves.

[CarryANation]

It's all a sham anyway, that's why people don't bother. They are not doing ANY oversight, this is just a distraction. The oversight panel won't even admit what the real problem is - unregulated and fraudulent derivatives. They are still trying to pin this on mortgages for the poor.

[gzhcay99]

amazing that american ppl can spend so much money and care so little that they don't even attend the meeting or view the proceedings.