POSTING FROM TOM ANDERSON’S, OF PENSCO TRUST, BLOG
On March 23-24, I participated in the Wall Street Journal sponsored “Future of Finance Initiative” in Washington, D.C. Initially conceived to be a forum of financial experts to develop recommendations to the Obama Administration to help define the future of the financial system in this country (post the financial crisis), participants quickly modified the agenda to combine suggestions for dealing with the still occurring crises and the financial markets going forward. The results of the work of the 86 invited experts was published in the March 30th Wall Street Journal. Prior to publication, the forum presented their recommendations in a White House briefing with Larry Summers, the President’s Assistant for Economic Policy and Director, National Economic Council.
While it was clear that time did not allow for the development of a comprehensive road map, the participants were able to reach consensus on 20 recommendations, many of which either echoed programs already underway or elaborated on them. This was no easy accomplishment considering the widely diverse points of view represented. In fact, one participant actually abstained from the voting on recommendations presumably out of protest. The wide-ranging group consisted of some of the titans of Wall Street, such as Arthur Levitt, former Head of the SEC; Paul Volcker, Chairman of the Economic Recovery
Read more from Tom Anderson here: The Wall Street Journal’s Future of Finance Initiative | Self-Directed IRA Investing.
Filed under: Business, self-directed ira | Tagged: wall street journal, white house, larry summers, paul volcker, arthur levitt, obama, obama administrationfinancial crisis
