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

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Presentation on theme: "Wayne R. Gross Partner Snell & Wilmer LLP Accessing Capital and Funding Through Government Partnerships."— Presentation transcript:

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

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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