PARTICIPANTS

John Cogan, Joe Grundfest, Ed Ifft , Dan Kessler, Ron McKinnon, Ken Scott, John Shoven, George Shultz, John Taylor, and Johannes Stroebel

ISSUES DISCUSSED

Dick Kovacevich, former Chair and CEO of Wells Fargo, addressed the issue: “What should we have learned from the financial crisis so it doesn’t happen again?” He discussed risk-management practices at top financial institutions during the crisis along with ways to change the culture and inventive system. He examined the capital adequacy and liquidity problems at many banks during the panic in the fall of 2008.

Kovacevich also considered the TARP, raising the question about the effects on banks with adequate capital that were forced to take TARP money. Kovacevich also addressed the implementation of stress-tests, arguing that these should be ongoing procedures and not preannounced. Other issues discussed include the role of Fannie and Freddie, of credit rating agencies, and the potential impacts of the Dodd-Frank bill.

Upcoming Events

Sunday, July 27, 2025
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Advancing Policy Through Dialogue: Maintaining Excellence And Innovation In S&T
The Hoover Institution Program on the US, China, and the World invites you to Advancing Policy Through Dialogue: Maintaining Excellence and…
Monday, July 28, 2025
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Ideas Uncorked: Reimagining Strategic Depth
The Hoover Institution in DC hosts Ideas Uncorked: Reimagining Strategic Depth on Monday, July 28 from 5:00–6:30 pm ET. The event will feature Nadia… Hoover Institution in DC
Tuesday, July 29, 2025
The Milk Tea Alliance:  Inside Asia's Struggle Against Autocracy and Beijing
The Milk Tea Alliance: Inside Asia's Struggle Against Autocracy And Beijing
The Hoover Institution Program on the US, China, and the World invites you to The Milk Tea Alliance: Inside Asia's Struggle Against Autocracy and… Shultz Auditorium, George P. Shultz Building
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