Transatlantic Law Forum

The Financial Crisis, the European Treaties, and the U.S. Constitution

Michael S. Greve, Allan H. Meltzer, Peter J. Wallison, Alex J. Pollock, Adam Lerrick

September 30, 2010

The 2008-2009 financial crisis has generated intense debate over policy questions--over government errors of commission or omission that contributed to the crisis, and over reforms that might avert or limit future crises. More profoundly, the financial collapse and the aggressive rescue measures it prompted have strained, and may be transforming, basic institutional arrangements throughout Europe and the United States.

The Transatlantic Law Forum, a joint initiative of the American Enterprise Institute (Washington, D.C.) and the Council on Public Policy (Bayreuth, Germany), will explore the institutional and legal dimensions of the financial crisis at its 2010 annual conference. Leading scholars, jurists, financial executives, and policymakers from Europe and the United States will discuss the origins of the crisis, its impact on national and international regulation, and its legacy for European and U.S. law and constitutional structure.

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About the Author

Michael S.
Greve

Michael S. Greve is a professor at George Mason University School of Law. From 2000 to August, 2012, Professor Greve was the John G. Searle Scholar at the American Enterprise Institute, where he remains a visiting scholar. Before coming to AEI, Professor Greve cofounded and, from 1989 to 2000, directed the Center for Individual Rights, a public interest law firm. He holds a Ph.D. and M.A. in government from Cornell University, and completed his undergraduate studies at the University of Hamburg. Currently, Professor Greve also chairs the board of the Competitive Enterprise Institute and is a frequent contributor to the Liberty Law Blog.

Professor Greve has written extensively on many aspects of the American legal system. His publications include numerous law review articles and books, including most recently The Upside-Down Constitution (Harvard University Press, 2012). He has also written The Demise of Environmentalism in American Law (1996); Real Federalism: Why It Matters, How It Could Happen (1999); and Harm-less Lawsuits? What's Wrong With Consumer Class Actions (2005). He is the coeditor, with Richard A. Epstein, of Competition Laws in Conflict: Antitrust Jurisdiction in the Global Economy (2004) and Federal Preemption: States' Powers, National Interests (2007); and, with Michael Zoeller, of Citizenship in America and Europe: Beyond the Nation-State? (2009).

Allan H.
Meltzer

Allan H. Meltzer is the Allan H. Meltzer University Professor of Political Economy at Carnegie Mellon University. He is the author of History of the Federal Reserve, Volume I: 1913-1951 (University of Chicago Press, 2002), a definitive research work on the Federal Reserve System. He has been a member of the President's Economic Policy Advisory Board, an acting member of the President's Council of Economic Advisers, and a consultant to the U.S. Treasury Department and the Board of Governors of the Federal Reserve System. In 1999 and 2000, he served as the chairman of the International Financial Institution Advisory Commission, which was appointed by Congress to review the role of the International Monetary Fund, the World Bank, and other institutions. The author of several books and numerous papers on economic theory and policy, Mr. Meltzer is also a founder of the Shadow Open Market Committee.
Phone: 4122682282
Email: ameltzer@aei.org

Peter J.
Wallison

Peter J. Wallison, a codirector of AEI's program on financial policy studies, researches banking, insurance, and securities regulation. As general counsel of the U.S. Treasury Department, he had a significant role in the development of the Reagan administration's proposals for the deregulation of the financial services industry. He also served as White House counsel to President Ronald Reagan and is the author of Ronald Reagan: The Power of Conviction and the Success of His Presidency (Westview Press, 2002). His other books include Competitive Equity: A Better Way to Organize Mutual Funds (2007); Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (2004); The GAAP Gap: Corporate Disclosure in the Internet Age (2000); and Optional Federal Chartering and Regulation of Insurance Companies(2000). He also writes for AEI's Financial Services Outlook series.

Read Peter Wallison's Dissent from the Majority Report of the Financial Crisis Inquiry Commission

Click here to learn more about Peter Wallison's work on the government mortgage complex.
Phone: (202) 862-5864
Email: pwallison@aei.org
Assistant Info
Name: Brian Marein
Phone: (202) 862-5890
Email: brian.marein@aei.org

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Alex J.
Pollock

Alex Pollock joined AEI in 2004 after thirty-five years in banking. He was president and chief executive officer of the Federal Home Loan Bank of Chicago from 1991 to 2004. He is the author of numerous articles on financial systems and the organizer of the “Deflating Bubble” series of AEI conferences. In 2007, he developed a one-page mortgage form to help borrowers understand their mortgage obligations. At AEI, he focuses on financial policy issues, including housing finance, government-sponsored enterprises, retirement finance, corporate governance, accounting standards, and the banking system. He is the lead director of CME Group, a director of Great Lakes Higher Education Corporation and the International Union for Housing Finance, and chairman of the board of the Great Books Foundation.

CLICK HERE TO DOWNLOAD ALEX POLLOCK'S ONE-PAGE MORTGAGE FORM

CLICK HERE TO LEARN MORE ABOUT ALEX POLLOCK'S WORK ON THE GOVERNMENT MORTGAGE COMPLEX
Phone: 2028627190
Email: apollock@aei.org
Assistant Info
Name: Emily Rapp
Phone: (202) 419-5212
Email: emily.rapp@aei.org

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Adam
Lerrick

Adam Lerrick is the Friends of Allan H. Meltzer Professor of Economics at the Tepper School of Business at Carnegie Mellon University. He served as a senior adviser to the chairman of the International Financial Institution Advisory Commission (known as the "Meltzer Commission"), where he analyzed the workings of the World Bank and reassessed its role in the global economy. Previously, he was an investment banker with Salomon Brothers and Credit Suisse First Boston, and he originated and led the negotiation team of the Argentine Bond Restructuring Agency in the $100 billion Argentine debt restructuring.
Phone: 434-286-2372
Email: alerrick@aei.org

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