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Home >  Events > Has the Effect of Foreclosures on Housing Prices Been Overstated?
Has the Effect of Foreclosures on Housing Prices Been Overstated?
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Speaker biographies

Jay Brinkmann is vice president of research and economics for the Mortgage Bankers Association, where his responsibilities include economic forecasting, mortgage industry analysis, benchmarking industry profitability, and providing support for legislative and regulatory initiatives. Mr. Brinkmann previously worked for Fannie Mae’s Portfolio Strategy Group and was on the faculty of the business school at the University of Houston, where he specialized in financial institution regulation and the energy derivatives markets. He has been a commercial banker, the deputy chief of staff to the first Republican governor of Louisiana, and a Capitol Hill press secretary. Mr. Brinkmann has published articles in various academic journals and on the op-ed page of the Wall Street Journal and is interviewed frequently by newspapers and the major business news networks on real estate finance topics.

Charles W. Calomiris is a visiting scholar at AEI and codirector of AEI’s program on financial market deregulation. He is the Henry Kaufman Professor of Financial Institutions at Columbia Business School and a research associate at the National Bureau of Economic Research. At AEI, Mr. Calomiris studies banking regulation, corporate finance, and monetary economics. His most recent book is Sustaining India’s Growth Miracle, edited with Jagdish Bhagwati (Columbia University Press, 2008).

Peter J. Wallison holds the Arthur F. Burns Chair in Financial Policy Studies at AEI, where he codirects the Institute’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 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 New York governor Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller when he was vice president of the United States.

Mark Zandi is chief economist and cofounder of Moody’s Economy.com, where he directs the company’s research and consulting activities. Moody’s Economy.com, a division of Moody’s Analytics, provides economic research and consulting services to businesses, governments, and other institutions. Mr. Zandi’s research interests include macroeconomic, financial, and regional economics. His recent areas of research include studying the determinants of mortgage foreclosure and personal bankruptcy, analyzing the economic impact of various tax and government spending policies, and assessing the appropriate policy response to bubbles in asset markets. In addition, he conducts regular briefings on the economy and is frequently quoted in national and global news outlets. Mr. Zandi is the author of the forthcoming book Financial Shock (FT Press, August 2008), which aims to identify and analyze the causes and implications of the subprime financial shock.

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Election Watch
Election Watch 2008
AEI's Election Watch series returns in December 2007 for its fourteenth season, bringing
together AEI's nationally renowned team of political analysts and other commentators. These sessions are essential for anyone who wants to understand the elections.