Thu Jun 11, 2009 4:30 PM
2009 Symposium - Reception and Evening Session
We are pleased to co-host this event with the Yale Alumni Corporation of Rochester, the Cornell Club of Rochester, and the Johnson Club of Rochester.
| Date: |
Thursday, June 11, 2009 |
| Time: |
Reception 4:30pm - 5:30pm
Evening Panel Discussion, 5:30pm - 7:00pm
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| Location: |
RIT Inn & Conference Center
5257 West Henrietta Road
West Henrietta, NY 14467
Click here to view map and directions |
| Credit: |
1 CE Credit Hour for CFPs
1 CPE Credit Hour for CPAs |
| Cost: |
$10 - Reception and Panel Discussion (4:30-7pm)
FREE - Panel Discussion Only (5:30-7pm) - Space Permitting. Priority seating will be given to Reception attendees.
|
Reservation
Deadline: |
Monday, 6/08/2009 |
Speakers:
|
Moderator:
Christopher Carosa, CTFA
President, Bullfinch Fund, Inc. (Yale '82)
|
|
Arguing in Favor of TARP:
George Hamlin
President, Canandaigua National Bank (Yale '63)
|
|
Arguing Against TARP:
Patrick C. Burke
Regional President, First Niagara Bank (Cornell '83)
|
Program:
Explaining the End of the World as We Know It
The World According to TARP: How Safe Are Your Bank Accounts?
In the late summer and early fall of 2008, spurred by the sub-prime mortgage fiasco, the credit markets froze, taking down long-established financial institutions along with the global economy and forever changing the banking industry as we knew it. We begin with an overview of decades long events and public policies that led to the skyrocketing growth of the sub-prime mortgage market and describe the nature of the derivative securities which led directly to the collapse of Lehman Brothers and the reorganization of both Goldman Sachs and Merrill Lynch. We then connect the dots to show how the fall of these giants then placed large banks like Citibank and Bank of America in peril - a state they remain in today. Finally, we'll explain the political atmosphere that ultimate led to the passage of the Troubled Assets Relief Program (TARP), what TARP intended to do and what actually happened.
On the heels of this overview, we'll have a debate followed by a period of questions and answers. Some of the questions we expect to consider include:
1) Did TARP solve the immediate problem of the credit crunch?
2) Did TARP punish good banks?
3) Did TARP prevent the worse or only delay it?
4) Are my bank accounts safe?
5) When will things get better?
6) Will things get worse?
7) What will the banking industry look like in five years?
8) What is the single most important thing Washington can do right now?
9) What is the single most important thing Washington should avoid doing right now?
Reception Includes:
Fresh Fruit Kabob Display with Yogurt Dips, Nutri-Grain Bars® and Granola Bars, Assorted Sobe®, Iced Teas, Juices, and Bottled Water. A cash bar will also be available.
Cancellation Policy:
Cancellations received in writing or by e-mail up to 10 days prior to the event will receive a full refund. We cannot provide refunds within 10 days of the event.
Please register by clicking the "Register for this event" link at the bottom of this page. If you are a member of the FPA, you'll need to log in. If you are not a member of the FPA, you do not need to log in. If you don't know your userID and/or password, please call our chapter office at 585-410-1462 or email admin@nyfpa.org
For more information:
Contact: Brenda Thornton, FPA of Greater Rochester NY
Phone: 585-410-1462
Email:
admin@nyfpa.org
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