Congressional Oversight Panel; Printed from

COP Hearing: “Learning from the Past—
Lessons from the Banking Crises of the 20th Century”

COP held a public hearing on the lessons to be learned from government responses to the major banking crises of the 20th century on Thursday March 19th, 2009 in Washington, D.C.  The hearing provided an opportunity for the Panel members to hear from experts on the prominent banking crises of the last 100 years. 

The Panel heard testimony from experts on the banking crises in Japan and Sweden during the early 1990s, the Savings and Loan collapse in the 1980s, and the Great Depression of the 1930s.

Witness List and Testimony
Witness Testimony
Bo Lundgren
Director General, Swedish National Debt Office
Former Swedish Minister of Financial and Fiscal Affairs
Richard Katz
Editor-in-Chief, The Oriental Economist
Author, Japan: The System That Soured—The Rise and Fall of the Japanese Economic Miracle and Japanese Phoenix
David C. Cooke
Former Executive Director, Resolution Trust Corporation
Dr. Eugene White
Professor of Economics, Rutgers University
Research Associate, National Bureau of Economic Research
Opening Statements
Witness Statement
Elizabeth Warren,
Chair, Congressional Oversight Panel
Damon Silvers Statement


Watch the Hearing