Thursday, February 3, 2011
COP Hearing on Commercial Real Estate and Banks
The Congressional Oversight Panel will be holding a hearing tomorrow, February 4th at 10:00 a.m. in room 538 of the Dirksen Senate Office Building to "examine the current state of the commercial real estate market and its implications for bank stability and returns to the Troubled Asset Relief Program." Since, as I mentioned yesterday, I am writing a paper on this very topic, I am abnormally interested in this hearing. The witnesses will be:
Sandra Thompson, Director, Division of Supervision and Consumer Protection, Federal Deposit Insurance Corporation
Patrick Parkinson, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve
David Wilson, Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency
Matthew Anderson, Managing Director, Foresight Analytics
Richard Parkus, Executive Director, Morgan Stanley Research
Jamie Woodwell, Vice President of Commercial Real Estate Research, Mortgage Bankers Association
The COP held a similar hearing in May 2009 and issued a very thorough report last February which I have found very useful in my research and as a teaching tool.
The COP hearing will be webcast live on the website or you can wait a few months and read the report.
[Comments will be held for approval and may be delayed]