Global Strategic Finance Initiative: Publications, Events and More

The G20 Through Beer Goggles | Public Radio International

Cecille Isidro — Mon, 28 Sep 2009 13:56:00 -0400

"Trade is the, if not the elephant in the room, certainly some animal as yet to be defined that's in the room," said Douglas Rediker. ...

Financial Regulation | BusinessWeek

Erin Drankoski — Mon, 21 Sep 2009 09:21:00 -0400

"Had the world economy collapsed, and there was a reason to believe it could have, the leaders of this country and others may have been forced to take hugely dramatic steps," says Douglas Rediker, a former investment banker now running the New America Foundation's Global Strategic Finance Initiative. ... Original Article

Wall Street Still Central to Global Economy | Public Radio International

Erin Drankoski — Tue, 15 Sep 2009 14:43:00 -0400

Lessons from Lehman's Failure | BusinessWeek

Erin Drankoski — Thu, 10 Sep 2009 12:06:00 -0400

"Any argument that Lehman's collapse served the positive purpose of letting the world financial system participants know there was a risk to be had, that message lasted 24 hours," said Doug Rediker, Director of New America Foundation's Global Strategic Finance Initiative and former Lehman Brothers investment banker. "We may now have the inverse message: There are banks that are too big to fail."... Original Article

America’s Exhausted Paradigm: Macroeconomic Causes of the Financial Crisis and Great Recession

Economic Growth — Wed, 22 Jul 2009 07:00:00 -0400

President Obama Wants New Rules for Wall Street | KCRW

Cecille Isidro — Thu, 18 Jun 2009 14:51:00 -0400

One Goal of Obama's 'Sweeping Overhaul': Prevent Another AIG | Christian Science Monitor

Cecille Isidro — Wed, 17 Jun 2009 18:39:00 -0400

“There's a delicate balancing act that the administration is trying to navigate through,” says Doug Rediker, a former investment banker now at the New America Foundation. Businesses, including banks, naturally want to keep growing. ...

Will Obama's Financial Regulatory Plan Work? | Christian Science Monitor

Cecille Isidro — Wed, 17 Jun 2009 15:54:00 -0400

“They have tried to achieve very ambitious goals within the framework of what is realistic,” says Doug Rediker, a former investment banker now at the New America Foundation in Washington. The economic crisis creates a window in which Congress may be ...

Would the New Rules Have Prevented The Economic Collapse? | WTOP

Cecille Isidro — Wed, 17 Jun 2009 10:42:00 -0400

Douglas Rediker, Director, Global Strategic Finance Initiative at the New America Foundation discusses President Obama's financial regulatory plan and his proposed reforms for the Federal Reserve. Link to audio

In Defense of the Uptick Rule

Economic Growth — Fri, 15 May 2009 05:10:00 -0400

On April 9, 2009, the Securities and Exchange Commission (SEC) released five proposals for reinstating the uptick rule and initiated a 60-day public comment period. Now, nearing the end of that comment period, the opinions of senators and financial commentators on the proposed legislation must be ringing in the SEC's ears. Jim Cramer, the host of the Mad Money TV program, spoke fervently in support of the uptick rule during his May 4th broadcast while Senator Ted Kaufman, another supporter, noted that SEC Chairwoman Mary Schapiro should "do

Changes in Global Finance Forces Tectonic Policy Shifts

Economic Growth — Mon, 11 May 2009 06:20:00 -0400

The following speech was given by Douglas Rediker for the Truman National Security Project in Washington, DC on May 1, 2009.

Green-shoots and optimism aside, let's agree that no one really knows how the economic crisis will play out or when it will end. There are those who believe that we have reached the bottom and others who believe that we have only reached a "temporary bottom."

Reserved for China

Cecille Isidro — Wed, 22 Apr 2009 09:08:00 -0400

Since the global financial crisis began, one of the major surprises has been the continued resilience of the U.S. dollar - despite attacks on the "American-style capitalist model," financial sector weakness, and record U.S. government deficit spending. The dollar today represents almost two thirds of the world's official currency reserves. Its holders presumably believe that it will remain highly liquid, relatively stable in value, and supported by prudent economic policies by the U.S. Treasury and Federal Reserve.

G-20: Big Role for a Low-Profile Regulator | BusinessWeek

Cecille Isidro — Thu, 02 Apr 2009 23:17:00 -0400

"It is much more serious than we anticipated," said Douglas Rediker, director of the global strategic finance initiative at the New America Foundation in Washington. Gary Hufbauer of the Peterson Institute for International Economics said the ...

G-20 Economic Summit Preview

Kate Schuler — Tue, 31 Mar 2009 05:00:00 -0400

A New America Event
03/31/2009 - 12:00pm

On April 2, leaders of the world's twenty largest economies will meet in London to work to restore stability, confidence and craft a path forward for the world's financial system. This meeting represents a prime opportunity for President Obama to demonstrate that he understands what is at stake globally in this financial crisis. Can Obama translate his popularity into a new US relationship with the world? Will the US approach this summit with a willingness to take a realistic approach… more

Bold Action for the G20 Summit

Economic Growth — Tue, 31 Mar 2009 04:11:00 -0400

With the London Summit rapidly approaching, I urge participants to take bold steps to address the fundamental structural issues in global finance that have, in part at least, led to the current economic crisis. I recognize that there remains a debate between those who believe that the current economic environment compels a dramatic rethink of the foundations, systems and structures upon which the global economy operates, and those who believe that such sweeping reforms are both unnecessary and politically

A Lever to Move the World | CQ Weekly

Cecille Isidro — Sun, 29 Mar 2009 13:14:00 -0400

“When it comes to a country like Hungary or a country like Ukraine, in particular, the IMF support has been enormously crucial,” said Douglas Rediker, director of the Global Strategic Finance Initiative at the centrist New America Foundation. “They have acted surprisingly quickly and with surprising flexibility to stave off what

Meltdown 101: Will China Global Currency Idea Fly? | Associated Press

Cecille Isidro — Tue, 24 Mar 2009 17:01:00 -0400

But Doug Rediker, an international finance expert at the New America Foundation, noted that euro-denominated bonds are issued by numerous European governments, rather than a central authority, and some of those governments are not as reliable a credit ...

Spending Question Divides US, Europe | The Associated Press

Cecille Isidro — Mon, 23 Mar 2009 09:56:00 -0400

... systems so its always hard to say that one is spending more than the other because there are fundamentally real differences," said Douglas Rediker, head of the Global Strategic Finance Initiative at the New America Foundation in Washington DC. ...