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The Federal Home Loan Banks and State and Local Revenue Bonds
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Speaker Biographies

Gary C. Dunton is president and chief executive officer of MBIA Inc. and of the company’s main operating unit, MBIA Insurance Corporation. He is also a member of MBIA’s board of directors. Before joining MBIA in 1998, Mr. Dunton spent five years with USF&G Insurance Company as president of the Family and Business Insurance Group and twelve years at Aetna. His also a corporator on the governing board of Northeastern University and a chartered financial analyst and chartered property casualty underwriter.

Alex J. Pollock has been a resident fellow at AEI since 2004, focusing on financial policy issues, including government-sponsored enterprises, retirement finance, housing finance, corporate governance, accounting standards, and the issues raised by the Sarbanes-Oxley Act.  Previously he spent thirty-five years in banking, including twelve years as president and chief executive officer of the Federal Home Loan Bank of Chicago, while also writing numerous articles on financial systems and management.  He is a director of Allied Capital Corporation, the Chicago Mercantile Exchange, the Great Lakes Higher Education Corporation, the International Union for Housing Finance, and chairman of the board of the Great Books Foundation.

John R. Price became president and chief executive officer of the Federal Home Loan Bank of Pittsburgh on January 2, 2006. Prior to joining the Bank, Mr. Price was a senior advisor to the Institute of International Finance. He also held several senior-level positions at JP Morgan Chase & Co. in New York (formerly Manufacturers Hanover Trust Co., which later merged into Chemical Bank and Chase Manhattan Bank). Mr. Price was responsible for the mortgage banking and consumer finance subsidiaries; led the team advising the U.S. government on the securitization on $5 billion of community development and rural low-income housing loans; and earlier served as corporate secretary. Mr. Price was a member of the board and chair of the audit committee of the Principal Financial Corporation, is a life trustee of Grinnell College, and was the founding chairman of Americans for Oxford. He also served as president of the Bankers Association for Finance and Trade.

Peter J. Wallison joined AEI in January 1999, and is currently a senior fellow and co-director of AEI’s program on financial market deregulation. He previously practiced banking, corporate, and financial law at Gibson, Dunn & Crutcher in Washington, D.C., and New York. From June 1981 to January 1985, Mr. Wallison was general counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan administration's proposals for deregulation in the financial services industry. He also served as general counsel to the Depository Institutions Deregulation Committee and participated in the Treasury Department's efforts to deal with the debt held by less-developed countries. During 1986 and 1987, Mr. Wallison was White House counsel to President Ronald Reagan. Between 1972 and 1976, Mr. Wallison served first as special assistant to Governor Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller when he was vice president of the United States.

Lawrence J. White is the Arthur E. Imperatore Professor of Economics at New York University’s Stern School of Business and deputy chair of the economics department at Stern. He was chair of the department from 1990 to 1995. From 1986 to1989, he was on leave to serve as a board member of the Federal Home Loan Bank Board and from 1982 to 1983, he was on leave to serve as director of the Economic Policy Office in the Antitrust Division of the U.S. Department of Justice. Mr. White served on the senior staff of the President’s Council of Economic Advisers from 1978 to 1979. He is the author of several books, including The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation (Oxford University Press, 1991), U.S. Public Policy toward Network Industries (AEI Press, 1999), and Reducing the Barriers to International Trade in Accounting Services (AEI Press, 2001), as well as numerous articles on law, finance, and economics.


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