Summers Speaks at Global Finance Conference
Financial scholars and policymakers gathered at Georgetown for the Global Finance Conference presented by the McDonough School of Business and the Financial Times on Sept. 18 – a year after the economic crisis shifted into high gear.
The day included keynote speeches from Sheila Bair, chairman of the Federal Deposit Insurance Corporation; Mary Schapiro, chairman of the U.S. Securities and Exchange Commission; and Larry Summers, director of the National Economic Council for the White House. Watch Sheila Bair's comments
Summers told an audience in the Lohrfink Auditorium that concerns remain in commercial real estate and that the availability of credit and capital remain tight, but there are signs of economic normalization. “We know that our economy will be stronger than ever if we commit ourselves to the work that needs to done today…,” Summers said. “It would be irresponsible for us to not learn the lessons of what is happening.”
