Treasury Undersecretary David McCormick talks about the economy and the housing market.
This was the luncheon keynote address at the Brookings Institution forum on "The Future of Consumer Payments."
David H. McCormick
David H. McCormick serves as the Under Secretary of Commerce for Industry and Security. As Under Secretary, Mr. McCormick leads the Bureau of Industry and Security in advancing U.S. foreign policy, national security, and economic objectives through effective policies for technology controls, treaty compliance, and continued U.S. leadership in strategic industries.
In this role, Mr. McCormick oversees a bureau with global policymaking, regulatory, and law enforcement responsibilities with offices in China, India, Russia, the United Arab Emirates, and throughout the United States. Mr. McCormick also serves as the Co-Chair of the U.S.-India High Technology Cooperation Group and the U.S.-China High Technology and Strategic Trade Working Group.
Prior to his appointment as Under Secretary, Mr. McCormick was the President of Ariba, Inc. and the President and CEO of FreeMarkets, Inc., both publicly traded software and services companies. He has also worked as a consultant for McKinsey & Company.
Born in Pennsylvania , Mr. McCormick earned a mechanical engineering degree from the U.S. Military Academy at West Point and received his Ph.D. from the Woodrow Wilson School of Public and International Affairs at Princeton University. He is a former Army officer and a veteran of the first Gulf War.
Under Secretary for International Affairs within the United States Department of the Treasury David McCormick discusses the Fannie Mae and Freddie Mac takeover plan organized by Henry Paulson. McCormick speculated on the ambiguity of the future of the government sponsored enterprises (GSEs).
The Under Secretary for the United States Department of the Treasury David McCormick discusses the plan for the U.S. Treasury to become an all electronic Treasury system. McCormick highlights the savings benefits of such a system.
Fair Speech, if you thing Housing "Excesses" is your Fairy Dust of Choice.
LOL...Stable Market...it might if they Halt all "Put" trades. If you Don't already Own it,
then don't let them Sell it, until these Volume Levels and Mortgage and Credit
Foreclosure's go back to the 1998 Levels.