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The Financial Crisis: An Inside View

Phillip Swagel, former assistant Treasury secretary of economic policy under Henry Paulson

The Financial Crisis: An Inside View  

11:30 a.m. to 1 p.m. Wednesday, October 7

Room 118, American University’s Kogod School of Business   
4400 Massachusetts Avenue, NW Washington, DC 20016

Phillip Swagel,  the top economist at the Treasury from 2006 to 2009, will share his insider’s perspective on the financial crisis beginning at 11:30 a.m. on Wednesday, October 7, in Room 118 of American University’s Kogod School of Business.

The event, “The Financial Crisis: An Inside View” is cohosted by Kogod’s Department of Finance and Real Estate and the College of Arts and Sciences’ Department of Economics. A question and answer session will follow Swagel’s address.

American University is renowned for bringing leaders to campus to share their experiences and expertise with students. In his role at the Treasury, Swagel reported directly to Henry Paulson, former Treasury secretary of the United States. Swagel’s responsibilities included the Treasury’s daily economic briefings and developing housing and foreclosure avoidance policies as well as policies relating to health care, pensions, Social Security, Medicare, insurance, energy, environment, patent reform, homeland security, and financial markets. Swagel also served as a member of the Troubled Assets Relief Program (TARP) investment committee.

He is now a professor at Georgetown University’s McDonough School of Business and director of its Center for Financial Institutions, Policy, and Governance. Swagel recently said that the Obama administration’s solution to dealing long-term with financially unsteady banks was basically a “permanent TARP.”

“Last year the international financial markets experienced severe and unprecedented disruption. Phill Swagel was there as it unfolded,” said Robin Lumsdaine, Kogod’s Crown Prince of Bahrain Chair in Finance.  “It is an honor to have an opportunity to hear from one of the top policymakers firsthand.”

American University is a leader in global education, enrolling a diverse student body from throughout the United States and nearly 140 countries. Located in Washington, D.C., the university provides opportunities for academic excellence, public service, and internships in the nation’s capital and around the world.