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TESTIMONIAL: Robert E. Litan of the Kauffman Foundation and the Brookings Institution |
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In his recent article, "Whither Financial Reform?" in the October 2009 issue of The Economists' Voice, Bob Litan offers the following supportive words for the NIF proposal: "Finally, a group of academic scholars, financial practitioners and former regulators has suggested the creation of a data gathering and financial analytics entity, tentatively titled the National Institute of Finance, which could help financial regulators across the board keep up with and understand what Wall Street wizards and other private financial sector powerhouses are continuously inventing, marketing and using. The NIF ideally would be an independent body, with a Presidentially-appointed director (confirmed by the Senate), and would report to and work with whatever entity is charged with monitoring systemic risk. It is a good idea that, if all else fails, should be adopted." For the full article, see: Litan, R. E., "Whither Financial Reform?", The Economists' Voice, 2009, 6(11), October. |
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ENDORSEMENT: Nobel Laureate Harry Markowitz Endorses the NIF Proposal |
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Harry M. Markowitz, recipient of the John von Neumann Theory Prize and the 1990 Nobel Memorial Prize in Economic Sciences, has added his voice to the call for the creation of a National Institute of Finance. Professor Markowitz recently published his own Proposals Concerning the Current Financial Crisis in the January/February 2009 edition of the Financial Analysts Journal. |
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ENDORSEMENT: Society for Industrial and Applied Mathematics (SIAM) Calls on Congress to Create the NIF |
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The Society for Industrial and Applied Mathematics (SIAM) has appealed to the leadership of both the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services to vote to create a National Institute of Finance (NIF).
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