How did the financial world descend into full meltdown mode last year? Among other things, two factors seem to be at fault: ignoring of history and lack of education, according to John Miller, executive director of the International Center for Futures and Derivatives at the University of Illinois at Chicago. At the Managed Funds Association‘s annual forum in Chicago today, Miller offered an insider’s look at understanding the financial crisis.
Apparently the House and Senate have come to an agreement on the stimulus package. I just received this alert but can’t get over seeing $789 billion and the words “scaled back” in the same sentence. While accurate it is still hard to fathom.
Richard Hoey, chief economist for the Bank of New York Mellon Corporation, speaking at the Managed Funds Association Network conference in Key Biscayne, Fl. earlier this week, gave his take on the current economic crisis and the stimulus package.
The overall message from the Managed Funds Association (MFA) to its members at its recent Network 2009 Conference in Key Biscayne, Fl. was “Get over it, it’s coming.”
The “it” is regulation and MFA is positioning itself to have a seat at the table or at least have its voice heard when new regulations come.
