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Conference Schedule

AGENDA (as of 03/09/10)
New Ideas for Limiting Bank Size

Murphy Conference on Corporate Law
Fordham Law School
March 12, 2010

Printer-Friendly Schedule

March 11, 2010
08:00 p.m.
Welcome Dinner for Panelists

Cafe Fiorello
1900 Broadway (between 63rd and 64th Streets)

08:45 - 08:50 a.m.
Zephyr Teachout
08:50-09:00 a.m.
Introductory Remarks

Gary Stern

09:00 - 10:20 a.m.
Panel 1: The Status Quo and How We Got There
 Richard Carnell  Bank Regulators' Perverse Incentives
 James Kwak  Who is Too Big to Fail?
 Elizabeth Nowicki  How Big is Too Big? Proposals for Limiting Bank Size: Current Enforcement Problems
 F.M. Scherer  A Perplexed Economist Confronts "Too Big To Fail"
 Jennifer Taub

 What We Don't Talk About When We Talk About Banking

 Recommendations for Reality-Based Regulatory Reform of Hedge Funds and other Private Pools of Capital

 Richard Carnell Moderator

10:30 - 10:40 a.m.

10:40 - 12:00 p.m.
Panel 2: Creative Ideas for Limiting Bank Size I
 Dean Baker  Financial Transactions Tax
 Dana Chasin  Systemic Risk: Understanding and Addressing Institutional Interconnectedness
 Ron Feldman  "Living Wills" for Financial Institutions
 Cornelius Hurley  Banks Need to Return Subsidy
 Tamar Frankel  Toxic Financial Intermediaries
 Richard Squire  Moderator

12:00-12:10 p.m.
Legislative Update
 Heather McGhee

 Bigger Banks, Riskier Banks

 A Brief History of the Glass-Steagall Act

12:10 - 01:15
Lunch and Keynote Address
 Simon Johnson  Keynote: 13 Bankers
 Richard Carnell  Respondent
 Open Discussion  

01:15 - 01:30 p.m.
01:30 - 02:50 p.m.
Panel 3: Creative Ideas for Limiting
Bank Size II

 Jane D'Arista  Inflating the Financial System: How It Was Done; How to Prevent It From Happening Again
 Rob Johnson  I Dream of Genie -- Credible Resolution Authority?
 Richard Neiman  The Volcker Rule and other Efforts to Tackle Risk
 Frank Pasquale  Does Bigness Lead to Badness? Asymmetries, Power, and Productivity in Big Banking Business Models
 Art Wilmarth

 Reforming Financial Regulations to Address the Too-Big-To-Fail Problem

 Daniel Sokol  Respondent

02:50 - 03:30 p.m.
Panel 4: Time for a New Antitrust?

 Carl Felsenfeld  An Antitrust Approach
 Jesse Markham  Lessons for Competition Law From The Economic Crisis: Can Antitrust Intervention Ever Avert TBTF?
 Zephyr Teachout  Proposal for a New Antitrust Law
 Paul M. Kaplan  Respondent
 Zephyr Teachout  Moderator

03:30 - 03:50

03:50 - 4:50 p.m.
Panel 5: False Assumptions

 Lawrence Baxter  When "Big" Becomes a Problem
 Shawn Bayern  The False Assumptions of Law and Economics
 William Black

 Reexamining the Law and Economics Theory of Corporate Governance

 Epidemics of "Control Fraud" Lead to Recurrent, Intensifying Bubbles and Crises

 When Fragile becomes Friable: Endemic Control Fraud as a Cause of Economic Stangation and Collapse

 Systemically Dangerous Institutions

 Mark Gimein  Respondent
 Russell Pearce  Respondent

04:50 - 05:30 p.m.
Open Discussion and Closing Remarks

Richard Carnell
Carl Felsenfeld

06:00 p.m.
Informal Closing Dinner for Panelists

1845 Broadway (between 60th and 61st Streets)
Other Attendees

 Tiffiniy Cheng  A New Way Forward
 Erin M. Ryan  Legislative Counsel to Congresswoman Jackie Speier (CA-12)
 Donald Shaw  A New Way Forward