Have We Nationalized Our Banks?

March 25, 2009Duke Law News

The U.S. Treasury is injecting billions of dollars into the nation's banks and new restrictions are being imposed on banks receiving help. Many experts and politicians now argue that nothing short of formal nationalization will resolve the financial crisis. What does this mean for U.S. banks, consumers, the role of regulators, and free enterprise? A panel of distinguished Duke faculty and banking industry executives discuss the implications of the government's bank bailout and the future of the American banking system.

Moderator
Lawrence Baxter, Visiting Professor of the Practice of Law, Duke Law School

Panelists
Robert K. Steel T'73, Member of the Board, Wells Fargo; Former President and CEO of Wachovia Corp.

Edward Greene, Partner, Cleary Gottlieb Steen & Hamilton in New York; Former Investments General Counsel, Citigroup

Craig Burnside, Professor of Economics, Duke University

James Cox, Brainerd Curry Professor of Law, Duke Law School

Steven A. Schwarcz, Stanley A. Starr Professor of Law, Duke Law School

Bill Brown L'80, Visiting Professor of the Practice of Law, Duke Law School