Wall Street in Crisis

Speakers:
Sebastian Mallaby Director of the Maurice R. Greenberg Center for Geoeconomic Studies; Paul A. Volcker Senior Fellow for International Economics; Deputy Director of Studies, Council on Foreign Relations
Roger M. Kubarych
Roger M. Kubarych Henry Kaufman Adjunct Senior Fellow for International Economics and Finance, Council on Foreign Relations
Description

The bankruptcy of Lehman Brothers, the sale of Merrill Lynch, and worries about the fate of AIG and other financial institutions have thrown the world markets into disarray, and raised serious questions about the health of the American economy. As the Federal Reserve uses monetary policy to prop up the financial system rather than to protect value of the currency, the dollar's viability as the global reserve currency is also being called into doubt. What are the ramifications of the central bank response, and are there any lessons to be learned from central bank response to past crises? Are more stringent financial regulations inevitable? How will this most recent crisis affect the global position of the U.S. economy? Join renowned CFR experts Sebastian Mallaby and Roger Kubarych in discussing these issues.

Audio
More from this series

A Conversation with Ambassador Catherine M. Russell

Rachel Vogelstein and Ambassador Catherine M. Russell discuss about how the United States seeks to elevate the status of women and girls internationally through its foreign policy agenda.

Speaker: Catherine M. Russell
Presider: Rachel B. Vogelstein

A Conversation with Aung San Suu Kyi

In advance of U.S. Secretary of State Hillary Clinton's visit in December, the Council on Foreign Relations held a meeting conducted via live videoconference with Aung San Suu Kyi.

Speaker: Aung San Suu Kyi
Presider: Paula J. Dobriansky
Host: Mark P. Lagon

Europe Update

Experts discuss the economic, political, and social conditions in Europe and analyze what is next for Italy, France, and Germany.

Panelists: Maurizio Molinari, Andrew Nagorski, Elaine Sciolino
Presider: David A. Andelman

Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, non commercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write publications@cfr.org.