Description: This session discussion is about the government fiscal policies and the budget deficit. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: This is the SOA website page displaying the table of contents for Risk Management: The Current Financial Crisis, Lessons Learned and Future Implications series of essays.

Description: October issue of Taxing Times

Description: Projecting Budget Surpluses by Carl E. Walsh from Risks and Rewards Newsletter, April 2000, Issue No. 34. Discussion of the difficulties involved in making projections U.S. budget surpluses or deficits and how assumptions change.

Description: This panel discussion session presents social indicators using a variety of statistical approaches and relates them to societal changes. The concept of using mortality data as a social indicator is also discussed.

Description: A collection of essays written on the current financial crisis, lessons learned and future implications.

Description: This general session features the keynote speaker from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The theme of the session looks to the future in addressing the issues facing the economy, the insurance industry, and actuaries. Discussion from the floor is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: The crisis has spread due to a systematic failure of the regulatory system. Over the last 20 years, regulations that fostered market stability were eliminated and new financial instruments were allowed to propagate without any real oversight. Instead of bailing out weak financial firms, we should be liquidating them. All doubtful assets need to be written-downs. We need accurate and transparent accounting. Government can help in this effort by cleaning up our accounting system. But it needs to stop being an investor propping up those that should be in the morgue. It needs to conservatively regulate all financial instruments. It should foster liquidity and stoke demand.