Monday October 19, 2009 | The Future of Banking

October 16, 2009 at 11:41 am | Posted in Coming Up | 2 Comments

It’s been a tumultuous year in banking and finance. As a result, there could be a paradigm shift in the way those industries operate in the future. We’ve spent a lot of time on Charlotte Talks looking at how banks got to this point, so today our two experts will take a look at what may be next. Bank of America is searching for a new leader, Congress is pondering a slew of new regulatory legislation and the stock market is on the rise. We look at the future of banking here and around the world.
Matthew Martin
– Charlotte Regional Executive, Federal Reserve Bank of Richmond
Judson Russell – Asst. Professor of Finance at UNC Charlotte

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  1. […] See the original post: Monday October 19, 2009 | The Future of Banking « Charlotte Blogs […]

  2. Thank you for this thoughtful program. I have a question for the guests today: A year ago the Federal government injected money into the financial system by seizing AIG, whose Financial Products unit had a huge book of credit default swaps. Each of those swaps had a partner on the other end. AIG Financial Products used the government money to pay off the credit default swaps, preventing other companies from failing, so the financial system would not collapse. Now many of those companies, like Goldman Sachs, for instance, are reaping huge profits. Shouldn’t the U.S. government follow its own money through the financial system and use that to pay off the debt owed to taxpayers?

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