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Wayne R. Gross

Accessing Capital and Funding Through Government Partnerships. Wayne R. Gross. Partner Snell & Wilmer LLP. Financial Meltdown: The Impact. How things have changed! In 2006, subprime mortgage business was a $672 billion market.

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Wayne R. Gross

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  1. Accessing Capital and Funding Through Government Partnerships Wayne R. Gross Partner Snell & Wilmer LLP

  2. Financial Meltdown: The Impact • How things have changed! • In 2006, subprime mortgage business was a $672 billion market. • Since then, millions of foreclosures and plummeting home values. • Major financial companies sitting on billions of dollars of bad mortgage debt, causing credit markets to freeze up.

  3. Recent Government Interventions: • Government has taken over Fannie Mae and Freddie Mac ($100 billion bailout plan for each) • Emergency $85 billion loan to AIG • Government passed $700 billion rescue package, $250 billion of which is going directly into banks.

  4. Options Available • Panel will discuss ways to expand despite economic downturn • Panelists: • Bijan Kian, Director of the Export Import Bank • Geoffrey Jackson, Regional Director for East Asia, United States Trade Development Agency • David Crane, Special Advisor, Jobs & Economic Growth, Office of Governor Schwarzenegger

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