Drexel LeBow, GIC to Host Annual Monetary & Trade Conference on Housing and Foreclosures

Drexel University’s LeBow College of Business and the Global Interdependence Center will host the 29th Annual Monetary & Trade Conference on Tuesday, May 24, 2011. The main topic of the conference will be “Is Housing Ready for a Rebound? QE2, Housing and Foreclosures: Are they Related?”

The AMT Conference is an annual collaboration between GIC and LeBow aimed at convening top policy makers and business leaders on the important developments in international trade and global monetary policy. Speakers are drawn from the top echelon of policy makers, academics and business leaders.

Please contact Jillian Fornito jfornito@interdependence.org if you would like to cover the event or for more information.

7:30 – 8 a.m. - Registration & Continental Breakfast

8 – 8:15 a.m. - Welcoming Remarks:

George Tsetsekos, Dean, LeBow College of Business, Drexel University

• David Kotok, CIO, Cumberland Advisors & Vice Chair, GIC

8:15 – 9:20 a.m. - Session I: Panel Discussion and Audience Q & A

Fannie/Freddie: Where Have We Been and Where are We Going?”

• Josh Rosner of Graham Fisher & Co. Co-Author of Reckless Endangerment: How Outsized

Ambition, Greed, and Corruption Led to Economic Armageddon

• Chris Whalen of Institutional Risk Analytics. Author of Inflated: How Money and Debt Built the

American Dream

• Michael Lewitt, Author of The Death of Capital: How Creative Policy Can Restore Stability

Moderator: Gretchen Morgenson, Assistant Business and Financial Editor of The New York

Times . Co-author of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to

Economic Armageddon

9:20 – 9:50 a.m.  Session II: “Outlook for Housing Recovery” Followed by Audience Q&A

• David Berson of PMI

Moderator: Barry Nobel, NASDAQ OMX PHLX

9:50 – 10:25 a.m.  Special Remarks, Charles Plosser, President, Federal Reserve Bank of Philadelphia

Keynote Speaker: Tom Hoenig, President, Federal Reserve Bank of Kansas City

Moderator: Paul McCulley, Chairman, GIC Society of Fellows

10:25 – 10:45 a.m. Coffee Break and Book Signing featuring Josh Rosner, Chris Whalen, Michael Lewitt, Gretchen

Morgenson and John Mauldin

10:45 – 11:25 a.m. Session III: “What Does QE Mean for U.S. Housing?” Followed by Audience Q & A

• Maria Pia Olivero, Dept of Economics, LeBow College of Business

• Mark Vitner, Managing Director & Senior Economist, Wells Fargo Securities, LLC

Moderator: John Mauldin, Millennium Wave Investments, 4-time NYT Best Selling Author

11:25 a.m. – 12:10 p.m. Session IV: “GSEs: What To Do and How to Do It.” Followed by Audience Q & A

• William Poole, Former President of the Federal Reserve Bank of St. Louis

Moderator: Bill Dunkelberg, Chair, GIC

12:10 – 12:20 p.m. Summary and Closing Comments by Bill Dunkelberg, Chair, GIC