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When States Go Broke: Origins, Context, and Solutions for the American States in Fiscal Crisis.


May 13, 2011

Room 290
8:00 AM to 6:00 PM

Sponsored by the Arthur and Toni Rembe Rock Center for Corporate Governance and the Stanford Constitutional Law Center

Leading scholars, journalists, and practitioners will discuss the causes and consequences of state insolvency, with particular focus on the recent proposal to allow states to restructure their debts through bankruptcy. Panels will consider the politics of state insolvency; the pros, cons, and mechanics of amending the Bankruptcy Code to allow states to file for bankruptcy; the lessons and implications from public default in municipalities, states, and nations; and the economics of state insolvency.

Registration @ 8:00 am

Introduction and Welcoming Remarks @ 8:30 am Peter Conti-Brown, Stanford Law School

The States in Crisis: Political Dimensions @ 8:45 am
David Skeel, University of Pennsylvania Law School

Panel I: The Politics of State Insolvency
Moderated by Robert Weisberg, Stanford Law School
Damon Silvers, AFL-CIO
Marcia Goldstein, Weil, Gotshal & Manges LLPl
Jonathan Rodden, Stanford University, Department of Political Science

Break @ 10:30 am

Panel II: The Pros, Cons, and Mechanics of State Bankruptcy @ 10:45 am
Moderator: Dick Craswell, Stanford Law School
Marcus Cole, Stanford Law School
George Triantis, Harvard Law School
Adam Levitin, Georgetown University Law School

Lunch @ 12:15 pm

Panel III: Lessons and Implications from Public Default: Local, State, National @ 1:15pm
Moderator: Hon Stephen Williams, U.S. Court of Appeals for the D.C. Circuit
Clayton Gillette, NYU Law School
Michael McConnell, Stanford Law School
Anna Gelpern, American University Washington College of Law

Break @ 2:45 pm

Panel IV: The Economics and Finance of State Default @ 3:00 pm
Moderator: Anat Admati, Stanford Law School
Felix Salmon, Reuters
Joe Grundfest, Stanford Law School
Olivia Mitchell, Wharton University of Pennsylvania

Concluding Remarks Michael McConnell, Stanford Law School @ 4:30 pm

Reception @ 5:00 pm

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