Skip to content

Law professor among select experts to testify at financial commission hearing

September 22, 2010

Professor Kurt Eggert. Photo/Orange County Register

Chapman University School of Law Professor Kurt Eggert will testify tomorrow, Sept. 23, before the Financial Crisis Inquiry Commission during its Sacramento Field Hearing.  The commission was created by the Fraud Enforcement and Recovery Act of 2009.  Its purpose is to examine the causes of the current financial and economic crisis in the United States and the causes of the collapse of major financial institutions.  Commission members include Phil Angelides (Chair), Brooksley Born and Sen. Bob Graham, among others.  Professor Eggert has been asked to provide his analysis and views on how securitization affected mortgage origination practices, increased the level of risk in the financial system and affected the extent of foreclosures. 

Other experts who will testify or have already testified include  Joseph Stiglitz (Columbia, economics), Randall Kroszner (University of Chicago, economics)  Gary Gorton (Yale, finance), Markus Brunnermeier (Princeton, economics), Simon Johnson (MIT, entrepreneurship), John Taylor (Stanford, economics), Martin Baily (Brookings Institution, economics), and Hal Scott (Harvard Law). 

The commission’s findings and conclusions are expected to be presented to the President by Dec. 15.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: