The Progressive


A project of Common Dreams

For Immediate Release
Contact: 212.633.1405 |,

Lifting the TARP: Is a Reconstruction Finance Corporation a Better Way to Restore the Banking System?

Demos Hosts April 8, 2009, Conference on Economic Recovery in DC


It's time to look under the
TARP, and answer some big questions about whether the current approach will get
the credit markets flowing and restore the
banking system to serving the needs of consumers and business.

On April 8th, 2009, Demos will host a half-day conference in
Washington D.C. that will feature prominent critics of the TARP and advocates of
a public corporation to take over failed banks modeled on Franklin Roosevelt's
Reconstruction Finance Corporation.
Our panelists will examine these critical questions:
--Will the Geithner Plan for the banks actually work? Or will it
mainly enrich investors at taxpayer expense?
--How can the entire process be more transparent?
--Does the new plan put the Federal Reserve at risk?
--What are the alternatives?
Wednesday, April 8th, 2009 from 9:00 am to 12:00 pm
Atrium Ballroom, Washington Court Hotel, 525 New Jersey Ave NW,
Washington DC
Speakers Include:
Tamara Draut, Vice President of Policy and Programs, Demos
Anna Burger, Chair, Change to Win and member of President Obama's
Economic Recovery Advisory Board
James Carr, Chief Operating Officer, National Community
Reinvestment Coalition
Rob Johnson, former Managing Director, Soros Funds
Robert Kuttner, Distinguished Senior Fellow at Demos and Co-Editor
of The American Prospect
Alex Pollack, Resident Fellow, American Enterprise Institute
Damon Silvers, Associate General Counsel of the AFL-CIO and member
of the Congressional Oversight Panel on the TARP
Walker Todd, Research Fellow, American Institute for Economic
Research; former legal and research officer, Federal Reserve Bank of Cleveland
Members of
the press, please direct inquries to Tim Rusch/Demos, or (212) 389-1407.

Demos is a think tank that powers the movement for a just, inclusive, multiracial democracy. Through cutting-edge policy research, inspiring litigation, and deep relationships with grassroots organizations, Demos champions solutions that will create a democracy and economy rooted in racial equity.