Feb 11 2009 15 mins 1
The Obama Administration has stepped forward with its plan to rebuild the troubled U.S. financial system. And the market has responded by retreating. Where did the Administration go wrong with its announcement this week, and what does the economy truly need to start to rebuild liquidity and confidence? In this exclusive interview, economist Alan Madian shares insights on:
The Obama Administration's missteps;
What the banking industry needs to regain its strength;
Economic signs to look for in the months ahead.
Madian is an economist, management consultant and investment banker who currently serves as a director with LECG, a global expert services and consulting firm. He has provided services as an expert witness, policy advisor, strategy and implementation consultant, and financial advisor for more than 25 years. He has testified on damages and liability in commercial litigation, on the determination of regulated rates of return, and on contractual allocation of risk. Madian has conducted antitrust and market power analyses, testified in antitrust litigation, and served as an advisor to the United States Senate Subcommittee on Antitrust.
