
Proceedings of the first day of the third Global Public Policy Network conference, held at the Peking University School of Government
Michael Chertoff, Secretary of the U.S. Department of Homeland Security

As the crisis in the U.S. financial markets worsened and the credit markets tightened, all eyes were on the Bush administration`s $700 billion bailout plan passed by the U.S. Senate on Oct. 1. Shortly before the Senate vote, a panel of Cornell experts met in Goldwin Smith Hall to discuss the circumstances that led to the collapse and potential courses of action.