News Sources: More Wall Street Regulation Urged

A top Federal Reserve official told a Senate committee on Thursday that Washington must increase its regulation of Wall Street in order to prevent other banks from needing rescues similar to the one at Bear Stearns. The official, Timothy F. Geithner, the president of the Federal Reserve Bank of New York, called for a simpler, more stringent supervision over financial institutions and urged banks to put in place more fail-safes to prevent the liquidity problems that claimed Bear Stearns last month. Reporters looking for experts to interview on this topic can find them online at the collegenews.org database of news sources and subject matter experts
from America's leading liberal arts colleges and universities, including (click on names for contact information):

Ann Owen - Associate Professor of Economics, Hamilton College - Owen served as an economist for the Federal Reserve Board of Governors before joining Hamilton College. She is a frequent media commentator on issues related to Federal Reserve decisions, Social Security, and various economic indices for outlets including MarketWatch, Associated Press, The New York Times, UPI, Atlanta Journal Constitution and the Baltimore Sun. She also serves as director of the Arthur Levitt Public Affairs Center at Hamilton College.

Charles R. Geisst -Professor of Economics and Finance, Manhattan College - Geisst has 10 years of investment banking experience. He is the author of 10 books, including Wall Street: A History, as well as trade articles and interviews in the International Herald-Tribune, The Wall Street Journal, and Investors Chronicle.

John H. Mutti - Sidney Meyer Professor of International Economics, Grinnell College - A former international economist with the Office of International Tax Affairs and a former senior staff economist with the Council of Economic Advisers, Mutti conducts research and teaches courses on international economics, international trade policy, international finance, public finance, financial policy and development economics.

News Sources: The Fed's Action and Credit Markets

The Federal Reserve's move to encourage bank lending last week has helped ease some of the panic in financial markets, but the underlying problems that led to the seizing up of credit markets are still there - and won't disappear overnight. The broader credit market is still working through the problems at the root of the crisis - risky subprime mortgages and the complex securities they have been packaged into - which means certain long-term borrowers will face difficulty getting financing for some time. Reporters looking for experts to interview on this topic can find them online at the collegenews.org database of news sources and subject matter experts from America's leading liberal arts colleges, including:

Karl Case - Professor of Economics, Wellesley College - Case is a nationally recognized expert on real estate markets and prices. He has authored several studies that attempt to isolate the causes and consequences of boom and bust cycles and their relationship to regional economic performance.

Lendol Calder - Assistant Professor of History, Augustana College - Calder is the author of Financing the American Dream, A Cultural History of Consumer Credit and a proponent of simple, debt-free living.

Beth V. Yarbrough - Professor of Economics, Amherst College - Yarbrough is the author of Cooperation and Governance in International Trade and The World Economy: Trade and Finance.