On March 20, 2009 Porter Wright Morris & Arthur LLP Program in Law, Religion & Ethics and the University of Dayton School of Law Project for Law & Business Ethics presented:
The Fallout from the Bailout: The Impact of the 2008 Bailout on Lending Regulation, Securities Regulation, and Business Ethics
The symposium generally focused on government bailouts of private institutions with a focus on the financial sector. It drew together academics, practitioners, and regulators to have a frank and full discussion of the legal implications and consequences of the government's focus on bailouts as a means to combat the current financial crisis.
View photos from this symposium:
Listen to audio presentations or watch streaming video of symposium presentations:
Audio:
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Audio1Branson-Shaffer.wma
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Audio2Hardaway-Ramirez-White.wma
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Audio3HarveyPitt.wma
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Audio4Black-Lipshaw.wma
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Audio5Hoak-Miller-Sherry.wma
Video:
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Video1Branson-Shaffer.wmv
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Video2Hardaway-Ramirez-White.wmv
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Video3Harvey Pitt.wmv
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Video4Black-Lipshaw.wmv
mms://real.udayton.edu/Law2/FalloutBailout3-20-09/Video5Hoak-Miller-Sherry.wmv
Event Schedule:
8:30 am – 8:45 am
Opening Remarks
8:45 am – 10:15 am
The 2008 Bailout: An Economic Necessity or Government Folly (90 Minutes) –
This panel will provide an overview of the 2008 bailout focusing on its benefits and shortcomings. Speakers will explore the causes of the financial crisis that precipitated the bailout, whether the bailout was really a benefit to taxpayers or a burden, and whether bankruptcy provided a viable alternative to the bailout.
10:15 am – 10:30 am
Break
10:30 am - Noon
Rethinking Lending Regulation after the 2008 Bailout (90 Minutes) – This panel will focus on how failures in lending regulation potentially created the need for the 2008 bailout. Speakers will explore how weaknesses in the mortgage market lead to the 2008 bailout, if lending regulation can prevent a future economic crisis, and what is the appropriate level of regulation of the lending market.
Noon – 1:00 pm
Lunch – Box Lunches provided
1:00 – 2:30 pm
Securities Regulation as a Means to Avoid a Future Economic Crisis (90 Minutes) – This panel will focus on whether failures in regulating mortgage backed securities brought about the 2008 bailout. Speakers will explore the role of mortgage backed securities in the current financial crisis, if new securities regulation could prevent a future economic crisis, and what is the proper level of regulation in the securities market.
2:30 pm - 2:45 pm
Break
2:45 pm – 4:15 pm
Business Ethics and Corporate Responsibility after the 2008 Bailout (90 Minutes) – This panel will focus on how notions of business ethics and corporate reasonability have and will evolve as a result of the 2008 bailout and financial crisis that precipitated it. The topics addressed will include whether breaches of ethical duty created an environment necessitating a bailout, what role executive compensation may have played, and what ethical duties corporate boards and managers have on a going forward basis.
4:15 pm – 4:30 pm
Closing Remarks