This is the second event in AEI's project on the privatization of Fannie Mae, Freddie Mac, and federal home loan banks. The original plan has been revised to take into account the many helpful comments proposed at the first conference held on October 27, 2003. This discussion will focus on economic issues and will feature economists as the formal discussants. However, attendees are urged to review the proposal and prepare comments and criticism that will help to further refine the plan. The third and last conference is scheduled for February and will feature housing market experts. If successfully concluded, this research initiative will give the Bush administration and Congress an alternative to the regulatory approach currently under consideration.

1:45 p.m.	Registration
2:00	Introduction:	Peter J. Wallison, AEI
2:15	Presentation:	Bert Ely, Ely & Co.
		Tom Stanton, Johns Hopkins University
3:00	Discussants:	Charles W. Calomiris, AEI and Columbia University
		Dwight Jaffee, University of California-Berkeley
		Lawrence White, New York University
4:30	Adjournment