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CONFIDENTIAL ‐ NOT FOR PUBLIC DISTRIBUTION Agenda for Financial Crisis Inquiry Commission Briefing Session and Hearing on TBTF and Retreat Meetings Tuesday, August 30, 2010 thru Friday, September 3, 2010 Tuesday, August 30, 2010 COMMISSION BRIEFING SESSION FOR TBTF HEARING Time: 5:00pm-7:40pm EDT Location: Offices of the Financial Crisis Inquiry Commission, Large Conference Room 1717 Pennsylvania Avenue, Suite 800, Washington DC (5:00-5:10pm) Overview of Briefing Session Chairman Angelides, Vice Chairman Thomas Exec. Director Wendy Edelberg (5:10-5:50pm) Day 1, Session One Wendy Edelberg /Gary Cohen/Chris Seefer/Greg Feldberg/TBA (ALL SESSIONS) Wachovia (Alvarez, Corston, Steel, and Kovacevich or Stumpf) (5:50-6:30pm) Day 1, Session Two Lehman (Baxter, Fuld, Miller, and Zubrow or Black) (6:30-7:10pm) Day 2, Session One Government Oversight of TBTF (Bernanke) (7:10-7:40pm) Day 2, Session Two Government Oversight of TBTF (Bair) (7:40pm) Adjournment Chairman Angelides Page 1 of 5 FINANCIAL CRISIS INQUIRY COMMISSION COMMISSION SENSITIVE DOCUMENT NOT FOR PUBLIC DISTRIBUTION Wednesday, September 1, 2010, FCIC HEARING – DAY 1 Title: “Too Big to Fail: Expectations and Impact of Extraordinary Government Intervention and the role of Systemic Risk in the Financial Crisis” Time: 9:00am-3:00pm EDT Location: Dirksen Senate Office Building, Room 538, Washington DC DAY 1 – WEDNESDAY, SEPTEMBER 1, 2010 Session 1: Wachovia, 9:10-11:50am Chairman Angelides Opens Hearing, declares quorum and makes opening statement Vice Chairman Thomas makes opening statement Chairman Angelides welcomes witnesses, asks them to stand and swears them in Mr. Scott G. Alvarez, General Counsel, Board of Governors of the Federal Reserve System, makes statement (5 minutes) Mr. John H. Corston, Acting Deputy Director, Division of Supervision and Consumer Protections, U.S. Federal Deposit Insurance Corporation, makes statement (5 minutes) Mr. Robert K. Steel, former President and Chief Executive Officer, Wachovia Corporation, makes statement (5 minutes) Mr. Richard M. “Dick” Kovacevich, retired Chairman of the Board of Directors and former Chief Executive Officer, Wells Fargo & Company, OR Mr. John G. Stumpf, Chairman, President, and Chief Executive Officer, Wells Fargo & Company, makes statement (5 minutes) 11:50-12:20 -- Break – (30 minutes) Session 2: Lehman, (12:20-3:00pm) Chairman Angelides welcomes second session, asks them to stand, and swears them in Page 2 of 5 FINANCIAL CRISIS INQUIRY COMMISSION COMMISSION SENSITIVE DOCUMENT NOT FOR PUBLIC DISTRIBUTION Mr. Thomas C. Baxter, Jr., General Counsel and Executive Vice President, Federal Reserve Bank of New York, makes statement (5 minutes) Mr. Richard S. “Dick” Fuld, Jr., Former Chairman and Chief Executive Officer, Lehman Brothers, makes statement (5 minutes) Mr. Harvey R. Miller, Business Finance & Restructuring Partner, Weil, Gotschal & Manges, LLP, and counsel to Lehman Brothers Holdings Inc. in the bankruptcy proceeding, , makes statement (5 minutes) Mr. Barry L. Zubrow, Chief Risk Officer, JPMorgan & Co., or Steven D. Black, Vice Chairman of JPMorgan Chase & Co., makes statement (5 minutes) 3:00 pm - Chairman adjourns the hearing 3:00-4:00pm Commissioner Down Time/Drive Time to Retreat Location FCIC RETREAT MEETING – DAY 1 Time: 4:00pm-8:30pm EDT Location: Woodrow Wilson Center, 4th Floor Conference Room One Woodrow Wilson Plaza 1300 Pennsylvania Ave. NW, Washington, D.C. 20004 (4:00-4:15pm) Overview of Meeting (4:15-6:00pm) Session One: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming (6:00-6:30pm) Break for Dinner *Dinner and Beverages served at the conference room (6:30-8:30pm) Session Two: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming Thursday, September 2, 2010, FCIC HEARING – DAY 2 Title: “Too Big to Fail: Expectations and Impact of Extraordinary Government Intervention and the role of Systemic Risk in the Financial Crisis” Time: 9:00am-1:05pm EDT Page 3 of 5 FINANCIAL CRISIS INQUIRY COMMISSION COMMISSION SENSITIVE DOCUMENT NOT FOR PUBLIC DISTRIBUTION Location: Dirksen Senate Office Building, Room 538, Washington DC THURSDAY, JULY 1, 2010 Session 1: The Federal Reserve and Too Big to Fail, 9:02-11:17am Chairman Angelides Opens Hearing, declares quorum Chairman Angelides welcomes witness, asks him to stand, and swears him in The Honorable Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System, makes statement (5 minutes) 11:17-11:28 -- Break – (11 minutes) Session 2: The FDIC and Too Big to Fail, (11:28-1:05pm) Chairman Angelides welcomes witness, asks her to stand and swears her in The Honorable Sheila C. Bair, Chairman, U.S. Federal Deposit Insurance Corporation, makes statement (5 minutes) Chairman adjourns the hearing 1:05-2:00 Commissioner Down Time/ Drive Time to Retreat Location FCIC RETREAT MEETING – DAY 2 Time: 2:00-9:00pm EDT Location: Woodrow Wilson Center, 4th Floor Conference Room One Woodrow Wilson Plaza 1300 Pennsylvania Ave. NW, Washington, D.C. 20004 (2:00-2:30pm) Lunch *Lunch and Beverages served at the conference room, grab upon arrival (2:30-2:45pm) Overview of Meeting (2:45-4:15pm) Session One: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming (4:15-4:30pm) Break Beverages served at the conference room Page 4 of 5 FINANCIAL CRISIS INQUIRY COMMISSION COMMISSION SENSITIVE DOCUMENT NOT FOR PUBLIC DISTRIBUTION (4:30-6:15pm) Session Two: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming (6:15-7:00pm) Break for Dinner *Dinner and Beverages served at the conference room (7:00-9:00pm) Session Three: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming Friday, September 3, 2010, FCIC RETREAT MEETING – DAY 3 Time: 9:00-3:00pm Location: Woodrow Wilson Center, 4th Floor Conference Room One Woodrow Wilson Plaza 1300 Pennsylvania Ave. NW, Washington, D.C. 20004 (9:00-9:15am) Overview of Meeting (9:15-10:30am) Session One: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming (10:30-10:45am) Break Beverages served at the conference room 10:45-12:00pm Session Two: Commissioner Deliberations on Key Issues for Report Background materials: Materials Forthcoming (12:00-12:30pm) Lunch *Lunch and Beverages served at the conference room (12:30-2:30pm) Session Three: Next Steps (2:30-3:00pm) Wrap Up Page 5 of 5 FINANCIAL CRISIS INQUIRY COMMISSION COMMISSION SENSITIVE DOCUMENT NOT FOR PUBLIC DISTRIBUTION
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