Foer Debates Large Banks And Antitrust Enforcement with Simon Johnson

Dec 01

Foer Debates Large Banks And Antitrust Enforcement with Simon Johnson

Date: December 01, 2010
Location: FinkelsteinThompson LLP

On Wednesday, December 1, 2010 from 12:15 pm to 2:00 pm, Simon Johnson, co-author of 13 Bankers,  discussed his proposals to reduce the size of large banks to avoid future systemic financial failures.  He debated with AAI's Bert Foer about the implications of his proposals for current and future antitrust enforcement. Johnson believes that antitrust tradition indicates that antitrust enforcers should directly address the problem of reducing the size of banks that are “too big to fail.” Such banks may be supported and preserved by the government when they become insolvent in order to avoid harm to the broader economy.  Bert Foer explained why he believes that proposals to regulate the size of large banks are competition policy and outside the scope of antitrust enforcement. Don Resnikoff moderated.  Art Wilmarth  provided comments from a bank regulatory perspective. 

Audio is available here.

Speakers
Simon Johnson, co-author of 13 Bankers
Bert Foer, American Antitrust Institute
Arthur Wilmarth, Professor, George Washington University
Don Resnikoff, Of Counsel, FinkelsteinThompson, D.C.

This Brown Bag Program is sponsored by the D.C. Bar's Antitrust and Consumer Law Section and in cosponsorship with the Insurance and Financial Services Committee of the American Bar Association, the Antitrust Section, and the American Antitrust Institute.

For additional information you may contact Don Resnikoff at 202-337-8000.