312-251-1301 info@cfachicago.org

Event Detail

Government Intervention: The Good, the Bad, and the Ugly (Ended)

Date, Time, and Location:
Wednesday, April 15, 2009 (add this event to your Outlook Calendar)
12:00 pm
The Standard Club, 320 S. Plymouth Court, Chicago, IL  60604   (Driving Directions)

Presented by the CFA Society of Chicago

Please join the CFA Chicago Education Advisory Group for an examination of the changing role of the Government during this period of financial distress. The conversation will begin with lunch and a keynote speech by Ms. Amity Shlaes, Author of "The Forgotten Man: A New History of the Great Depression." To help frame the discussion, her topic will be:

"Can Too Much Government Power Make Today's Financial Crisis Worse?"

Following the keynote speech, our panel, representing a diverse set of institutions and perspectives, will engage with our audience in a conversation over the Government's role in solving our current economic crisis. Thomas Theobald, former CEO of Continental Bank (Chicago's largest bank in 1984) will provide his perspective on running a government-controlled bank and returning it to full public ownership. Specific topics to be discussed include:

  • What are the implications of too little regulation or ineffective regulation?
  • Has the Government confused the market regarding its willingness to tolerate the failure of a financial institution?
  • What will the structure of the U.S. financial markets look like at the end of this crisis?

Attendees will gain valuable market insight and have the opportunity to interact with our panel of experts.

Luncheon Keynote Speaker:
Amity Shlaes, Bloomberg News Columnist, Political Economist, Historian

Introduction by:
Howard S. Cohen, CFA

Panelists:

Thomas Theobald, Senior Advisor - Chicago Growth Partners
Matthew Warren, Associate Director, Stock Analysis - Morningstar, Inc.
Brian S. Wesbury, Chief Economist - First Trust Advisors L.P.
Patricia Widder, Editorial Board - Chicago Tribune

Moderated by:
Paola Sapienza, Associate Professor of Finance - Kellogg School of Management

Time, Date, and Location:
Wednesday, April 15, 2009
12:00 - 3:00 pm
The Standard Club
320 S. Plymouth Court

CONFERENCE FEE:

Members of CFA Chicago - $100
Student-Members - $50*
*Note: This rate is only available to students who have been approved as members of CFA Chicago.
Non-Members - $125

(Cash, check and credit card only - NO FUNCTION TICKETS) - Includes conference and lunch.

Register online below, or call 312-251-1301. Space is limited. See agenda below for details.



LUNCH-ONLY OPTION:

Amity Shlaes, Bloomberg News Columnist, Political Economist, Historian, 12:00 - 1:15 pm

Lunch-Only Fee: (cash, check and credit card only - NO FUNCTION TICKETS) - Includes lunch and Ms. Shlaes' presentation only.

$60 - Members
$30 - Student-Members*
*Note: This rate is only available to students who have been approved as members of CFA Chicago.
$75 - Non-Members

Click here to register for lunch-only or call 312-251-1301.

We require a credit card guarantee for ALL reservations.
(Visa, MasterCard, American Express, Discover and Diners Club are accepted).

Cancellations accepted until 5:00 pm, April 14. There is a $5 surcharge for walk-ins.

Eligible for 3 credit hours

A Passport Event This is a "Passport Program." Members of any local CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate. Note: The lunch-only option qualifies for 1 credit hour.

This is a "Passport Program." Members of any CFA society may attend at the CFA Chicago member rate. If you are only a member of CFA Institute, you do not qualify for the society member rate.

AGENDA

11:30 a.m. - 12:00 p.m.: Registration and Networking
12:00 p.m. - 1:15 p.m.: Luncheon and Keynote Speaker
Amity Shlaes, Bloomberg News Columnist, Political Economist, Historian
Introduction by: Howard S. Cohen, CFA
1:15 p.m. - 1:30 p.m.: Break
1:30 p.m. - 3:00 p.m.: Panel

Thomas Theobald, Senior Advisor - Chicago Growth Partners
Matthew Warren, Associate Director, Stock Analysis - Morningstar, Inc.
Brian S. Wesbury, Chief Economist - First Trust Advisors L.P.
Patricia Widder, Editorial Board - Chicago Tribune

Moderated by:
Paola Sapienza, Associate Professor of Finance - Kellogg School of Management

BIOS

Luncheon Keynote Speaker:

Amity Shlaes - Bloomberg News Columnist, Political Economist, Historian
Ms. Shlaes is a senior fellow in economic history at the Council on Foreign Relations and a syndicated columnist at Bloomberg. She has written for The Financial Times and The Wall Street Journal, where she was an editorial board member, as well as numerous other prestigious publications. Her latest book, The Forgotten Man: A New History of the Great Depression, is part a of a three-part history of the Twentieth Century, and has been widely praised by prominent figures such as George F. Will, Harold Evans, Newt Gingrich, Arthur Levitt, Mark Helprin, Peggy Noonan and Paul Volcker. Paul Johnson raved: "Amity Shlaes, who has established herself as a leading historian of 20th Century finance, has now produced her eagerly awaited analysis of the Great Depression. It shows how inept government intervention turned a necessary market correction into an economic catastrophe and prolonged it into a decade of misery."

Please note: Copies of Ms. Shlaes' book, The Forgotten Man: A New History of the Great Depression, will be available for sale at the luncheon.

Panelists:

Thomas Theobald, Senior Advisor - Chicago Growth Partners
Mr. Theobald has served as a Senior Advisor with Chicago Growth Partners since 1994. Prior to this, he was Chairman and CEO of Continental Bank Corporation. He joined the bank in 1987, when it was controlled by the FDIC following its 1984 failure. By focusing strategy, cutting costs, and personally leading the corporate marketing, Mr. Theobald helped raise net profits in 1993 to $258 million - a 15.6% return on equity. Before this, he served as Vice Chairman of Citicorp/Citibank in New York, where he began as a trainee in 1960, and successively headed consumer banking in Australia, investment management worldwide, corporate banking globally, and investment banking worldwide until 1987. In latter jobs, Mr. Theobald was responsible for 40,000 employees and $75 billion in assets.

Matthew Warren, Associate Director, Stock Analysis - Morningstar, Inc.
Mr. Warren is an associate director of stock analysis at Morningstar, covering the banking sector. Prior to his current role, he was a stock analyst covering tool, water-filtration, and various industrial companies for Morningstar. He joined the company in 2004 after graduating a Beta Gamma Sigma member from the University of North Carolina's Kenan-Flagler Business School. While attending UNC, Mr. Warren participated in the Applied Investment Management Program, managing a $500,000 all-equity portfolio with a team of colleagues. Before that, Mr. Warren worked at Marsico Capital Management, most recently as a domestic equity trader. He also worked as a project accountant with Pepper Construction in Chicago.

Brian S. Wesbury, Chief Economist - First Trust Advisors L.P.
Mr. Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois, and serves on the Board of Advisors to First Trust Capital Partners, an affiliated private-equity firm. The Wall Street Journal ranked Mr. Wesbury the nation's #1 U.S. economic forecaster in 2001 and USA Today ranked him as one of the nation's top 10 forecasters in 2004. He writes frequently for the editorial page of The Wall Street Journal and is the Economics Editor of "The American Spectator." Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens & Thompson. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress.

Patricia Widder, Editorial Board - Chicago Tribune
Ms. Widder is a member of the Chicago Tribune Editorial board. She was named to that post in February 1998. Ms. Widder came to the Chicago Tribune in September 1975, after working as a general assignment reporter for several community papers in the San Francisco Bay area. Joining Suburban Trib, a suburban supplement, first as a general assignment reporter, she then covered the Illinois legislature, was an assistant editor and developed suburban business coverage. In September 1981, Ms. Widder became a financial reporter and was promoted to assistant financial editor for the Chicago Tribune in February 1983. She joined the paper's Editorial Board in January 1986. In January 1987, she moved to New York City to report about Wall Street. She returned to Chicago in April 1992 as national business correspondent and later was named media writer. In September 1993, she was named associate managing editor, financial news. In March 1997, she moved to the Washington Bureau as chief economic correspondent and senior writer.

Moderator:

Paola Sapienza, Associate Professor of Finance - Kellogg School of Management
Ms. Sapienza is an associate professor of finance at the Kellogg School of Management. She also serves as a faculty fellow for the Zell Center for Risk Research, a research affiliate of the Center for Economic Policy Research and a faculty research fellow in the National Bureau of Economic Research's program on corporate finance. Ms. Sapienza's areas of expertise include banking and financial institutions, behavioral economics, behavioral finance, corporate finance, emerging markets and regulation of financial markets. Ms. Sapienza has written articles on banking, social capital, trust and financial development. Her work has been published in such journals as the American Economic Review, the Quarterly Journal of Economics, the Journal of Finance, the Journal of Financial Economics, and Science. In 2002, she won the NASDAQ award for best paper in capital formation (with Guiso and Zingales). Prior to joining Kellogg, Ms. Sapienza worked as an economist in the research department of Bank of Italy.

Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.