February 15, 2005
Jay Brinkmann is vice president of research and economics for the Mortgage Bankers Association. His team's responsibilities include economic forecasting, mortgage industry analysis, benchmarking of industry profitability, and providing support for MBA's legislative and regulatory initiatives. Mr. Brinkmann began his career as a Capitol Hill press secretary and then served as the deputy chief of staff to the first Republican to be elected governor of Louisiana (fill in name). He worked for a time in commercial banking and later joined the business school faculty at the University of Houston, where he specialized in financial institution regulation and the development of the energy derivatives markets in the 1990s. In 1997 he moved to Washington to work for Fannie Mae on risk-based capital requirements for credit guaranty fee pricing and interest rate risk management. He has published articles on bank regulation and capital requirements in various academic journals and on the op-ed page of the Wall Street Journal. He is frequently quoted in newspapers and magazines across the country on real estate topics, and has appeared on cable news channels such as CNBC, CNN and Bloomberg News.
Alex J. Pollock joined the AEI as a Resident Fellow in July, 2004, after serving as president and CEO of the Federal Home Loan Bank of Chicago, a $90 billion housing GSE, since 1991. At the Chicago FHLB, he was the architect of the innovative Mortgage Partnership Finance (MPF) Program, which successfully created direct competition for Fannie Mae and Freddie Mac on a national basis. Mr. Pollock is a past president of the International Union for Housing Finance and the Bankers Club of Chicago; a director of Allied Capital Corporation, the Chicago Mercantile Exchange, the Great Lakes Higher Education Corporation, and the Great Books Foundation; and the author of numerous articles on banking, financial systems, and management.
Peter J. Wallison joined AEI in 1999 as a resident fellow and as the codirector of AEI's program on financial market deregulation. As a partner of Gibson, Dunn & Crutcher L.L.P, he practiced banking, corporate, and financial law in the firm's Washington and New York offices. As the general counsel of the U.S. Treasury Department from 1981 to 1985, Mr. Wallison helped develop the Reagan administration's proposals for deregulating the financial services industry. During 1986 and 1987, Mr. Wallison was counsel to President Ronald Reagan. He is the author of Back from the Brink, a proposal for a system of private deposit insurance; coauthor of Nationalizing Mortgage Risk: The Growth of Fannie Mae and Freddie Mac; and The GAAP Gap: Corporate Disclosure in the Age of the Internet; and the editor of Serving Two Masters Yet out of Control: Fannie Mae and Freddie Mac and Optional Federal Chartering of Insurance Companies, all of which have been published by the AEI Press. More recently, Mr. Wallison wrote Ronald Reagan: The Power of Conviction and the Success of His Presidency, published in December 2002 by Westview Press.
Lawrence J. White is Arthur E. Imperatore Professor of Economics at New York University’s Stern School of Business. 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 (1978–1979), and he was chairman of the Stern School’s Department of Economics (1990–1995). He is the author of International Trade in Ocean Shipping Services: The U.S. and the World (1988); The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation (1991); and articles in leading economics and law journals.