Are Fannie and Freddie Adequately Disclosing What Investors Need?
Wednesday, June 12, 2002 | 9:15 a.m. – 12:45 p.m.
Wohlstetter Conference Center, Twelfth Floor, AEI 1150 Seventeenth Street, N.W., Washington, D.C. 20036
About This EventSince the collapse of Enron, there has been an increasing focus on the adequacy of disclosure by public companies. Because they are exempt from registration with or reporting to the Securities and Exchange Commission, Fannie Mae and Freddie Mac are able to determine for themselves what and how they disclose information to investors. Fannie and Freddie contend that they meet or exceed all applicable SEC requirements, but legislation (the Shays-Markey bill) has been introduced that would eliminate their SEC exemption. This conference explores whether Fannie and Freddie are adequately informing investors and others who may be relying on their public disclosure.
|9:15||Introduction:||Peter J. Wallison, AEI|
|Keynote address:||Rep. Christopher Shays (R-Conn.)|
|10:15||Panel I: Comparing Fannie and Freddie to Banks|
|Speakers:||Bert Ely, Ely & Co.|
|W. Scott Frame, Federal Reserve Bank of Atlanta|
|Larry D. Wall, Federal Reserve Bank of Atlanta|
|Discussants:||Ed Golding, Freddie Mac|
|Ray Soifer, Soifer Consulting, LLC|
|11:40||Panel II: Disclosure for Derivatives and Mortgage Back Securities|
|Speaker:||Dwight M. Jaffee, University of California at Berkeley|
|Discussants:||Steven D. Thomas, Financial Security Assurance Inc.|
|Susan E. Woodward, Sand Hill Econometrics|