08.12.08

Rep. Schiff to Host Economic Roundtable Discussion Featuring KNX Radio's Frank Mottek and Chief Operating Officer of the FDIC John Bovenzi

Official Seal of the US House of Representatives

Tuesday, August 12, 2008 Contact: Sean Oblack (202) 225-4176

Rep. Schiff to Host Economic Roundtable Discussion Featuring KNX Radio’s Frank Mottek and Chief Operating Officer of the FDIC John Bovenzi

Washington, D.C. – On Wednesday August 20th, Rep. Schiff will host a panel discussion moderated by Frank Mottek of KNX 1070 Newsradio, featuring John Bovenzi, Chief Operating Officer (FDIC) and Interim Director of IndyMac Federal Bank and experts in housing, the stock market and energy issues.  The panel discussion will focus on the current economic climate and Rep. Schiff and the panelists will answer questions regarding IndyMac Bank and the security of bank deposits generally, the volatility of the stock market, oil prices, foreclosure and other housing issues, and more. 

“Many people in our community, as in the rest of the nation, are deeply concerned with the state of the economy and the price of gas,” said Schiff.  “These have been difficult times with the collapse of IndyMac Bank and record high energy costs.  I am pleased that Frank Mottek of KNX News Radio, John Bovenzi of the FDIC and IndyMac Federal Bank and other experts who have agreed to participate in this panel discussion to help us better understand the current economic climate and provide tips on how to best get through the current economic downturn.”

What: Rep. Schiff hosts panel discussion on the economy moderated by KNX Newsradio’s Frank Mottek and featuring John Bovenzi, Chief Operating Officer (FDIC); Alberto G. Alvarado, Director, Los Angeles District Office of the U.S. Small Business Administration; Dr. Raphael Bostic, Professor, USC Lusk Center for Real Estate; Judy Dugan, Research Director, Consumer Watchdog; Dr. Lawrence Harris, Professor, Finance and Business Economy, USC Marshall School of Business. Marc Jones, Rehab Construction Manager, Pasadena Neighborhood Housing Services; Martha Lucey, CEO & Executive Director, ByDesign Financial Solutions;
When:  Wednesday, Aug. 20, 2008 -- 7:00 - 8:30 p.m.
Where: Pasadena Senior Center -- 85 E. Holly St. Pasadena, CA 91103
  

Free and open to the public.  Please RSVP to Rep. Schiff's Pasadena office by calling 626-304-2727.