Auction Rate Securities Market: A Review of Problems and Potential Resolutions

Thursday, September 18, 2008, 10:00 a.m., Room 2128,  Rayburn House Office Building
Full Committee

 Financial Service Committee to Hold Hearing on Auction Rate Securities Market

            Washington, DC – House Financial Services Committee Chairman Barney Frank (D-MA), today announced that the committee will hold a hearing to review problems and potential resolutions to the auction rate securities market.  Specifically, the hearing will examine the continuing crisis in the markets for auction rate bonds and auction rate preferred securities.

            Please visit: http://www.house.gov/apps/list/press/financialsvcs_dem/press073108.shtml  for background information on auction rate markets.

Witness List & Prepared Testimony:

Panel one

Panel two

• Ms. Leslie Norwood, Managing Director and Associate General Counsel, Securities Industry and Financial Markets Association
• Mr. Roger Scherr, Vice President, Sherr Development Corporation
• Mr. William Adams IV, Executive Vice President, Nuveen Investments
• Ms. Tara Payne, Vice President for Corporate Communications, New Hampshire Higher Education Loan Corporation
• Mr. James Preston, President and Chief Executive Officer, Pennsylvania Higher Education Assistance Agency

Available Member Statements:

Printed Hearing:
The printed version of this hearing will be posted as soon as it is available.

Related Documents: