Bank failures: why, and what do they mean?
Start: Saturday, April 15, 2023• 4:00 PM
End: Saturday, April 15, 2023• 6:00 PM
Bank failures, which were rampant in the 1930s and 1980s, are back. We’ll take a look beyond the headlines. What’s happening and why? What does this say about the stability of US capitalism? Are there more collapses on the way? Who will benefit from the bailout and who will get hurt? Are there better ways to run a financial system?
Panelists:
Emily Eisner has a PhD in economics from UC Berkeley where she studied macroeconomics and public finance. She currently teaches the economic history of the US at Barnard. Before her PhD, Emily worked in the Financial Research division of the Federal Reserve Bank of New York and helped produce research on financial regulation and supervision as well as monetary policy implementation.
Doug Henwood is an economic journalist and broadcaster. He wrote about the Silicon Valley Bank failure for The Nation.
James Ostaszewski is an attorney from New York City, who has specialized in complex financial fraud litigation. Over the years, James has worked at top-ranked national law firms on various cases related to the 2008 financial crisis, litigated and won in front of the US Supreme Court (twice), and represented low-income New Yorkers facing lawsuits by debt collectors. He currently serves as Counsel to State Senator Jabari Brisport.
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