Background
Kormendi, Roger Charles was born on July 24, 1949 in New York City. Son of Andre and Irene Elly (Boehmer) Kormendi.
(This study is an independent scholarly analysis of the ec...)
This study is an independent scholarly analysis of the economics of the grain futures contracts of the Chicago Board of Trade. The study was made possible by a research grant to the MidAmerica Institute from the Chicago Board of Trade, and we gratefully acknowledge this financial support, as well as the information and vast body of experience made available to us by the Division of Economic Analysis and members of the Exchange. Several other organizations also provided invaluable help from the inception of this study through the full process, either in the form of information, or through discussion: the Commodity Futures Trading Commission, the U.S. Department of Agriculture, the National Grain and Feed Association, the American Soybean Association, the Senate Committee on Agriculture, Nutrition and Forestry, the House Committee on Agriculture, the General Accounting Office, and the Center for the Study of Futures and Options Markets at Virginia Polytechnic and State University. We express our thanks. The primary authors wish to extend a special word of apprecia tion to Michael Brennan, Merton Miller, Richard Roll, Hans Stoll and Lester Telser, who served as members of the Resource Panel for the study. While key strengths of the study reflect their input, ultimate responsibility for the analysis rests with the primary authors.
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(On February 6, 1989, the Federal Home Loan Bank Board con...)
On February 6, 1989, the Federal Home Loan Bank Board contacted Mid America Institute to inquire whether it would undertake an independent, academically oriented analysis of the insolvency resolution crisis in the thrift industry. The Senate Banking Committee, during the course of hearings on the thrift crisis, had suggested to the Bank Board tile desirability of an independent assessment of Bank: Board and FSLIC resolution methodology, specifically as it related to the controversy surrounding the December deals, the Southwest Plan, and the possibility that tax considerations were driving certain deals. The Bank Board had already initiated studies from industry-oriented perspectives. Therefore, it felt that an academic perspective would provide both a valuable addition to the process, and by the nature of academia, perhaps the best prospect of a credible and independent viewpoint. The Bank Board was prepared to give an appropriately structured Task Force virtually unlimited access to all personnel, documents and resources that the Task Force felt necessary to come to an uncompromising assessment. The only significant constraint imposed was that a report had to be available prior to the start of the next round of Senate Banking Committee hearings on March 1, 1989. The Task Force would be given complete discretion as to the scope and coverage of the report, but it was requested that the topic of the December deals, particularly the associated tax considerations, be a significant part of the report.
http://www.amazon.com/gp/product/9401068151/?tag=2022091-20
(On February 6, 1989, the Federal Home Loan Bank Board con...)
On February 6, 1989, the Federal Home Loan Bank Board contacted Mid America Institute to inquire whether it would undertake an independent, academically oriented analysis of the insolvency resolution crisis in the thrift industry. The Senate Banking Committee, during the course of hearings on the thrift crisis, had suggested to the Bank Board tile desirability of an independent assessment of Bank: Board and FSLIC resolution methodology, specifically as it related to the controversy surrounding the December deals, the Southwest Plan, and the possibility that tax considerations were driving certain deals. The Bank Board had already initiated studies from industry-oriented perspectives. Therefore, it felt that an academic perspective would provide both a valuable addition to the process, and by the nature of academia, perhaps the best prospect of a credible and independent viewpoint. The Bank Board was prepared to give an appropriately structured Task Force virtually unlimited access to all personnel, documents and resources that the Task Force felt necessary to come to an uncompromising assessment. The only significant constraint imposed was that a report had to be available prior to the start of the next round of Senate Banking Committee hearings on March 1, 1989. The Task Force would be given complete discretion as to the scope and coverage of the report, but it was requested that the topic of the December deals, particularly the associated tax considerations, be a significant part of the report.
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Managing Director business educator
Kormendi, Roger Charles was born on July 24, 1949 in New York City. Son of Andre and Irene Elly (Boehmer) Kormendi.
He graduated in 1967 from Woodson High School in Falls Church, Virginia, and in 1971 from the University of Virginia with High Honors in Economics. He earned a Doctor of Philosophy in Economics in 1977 from the University of California, Los Angeles, where he was a Chancellor’s Intern Fellow.
Early life and education His early work focused on macroeconomic monetary and fiscal policy, and helped to form the current understanding of the effect of deficit spending on economic cycles. Later he founded Mid-America Institute for Public Policy Research while at the University of Chicago, and there he led several cutting-edge research projects in areas of then-current economic or financial crises. Among these were Deregulating Financial Services: Public Policy in Flux in 1986 and Black Monday and the Future of Financial Markets in 1989.
The most influential, however, was the Institute’s publication of Crisis Resolution in the Thrift Industry in 1989, just as Congress was confronting the savings and loan crisis.
Its analysis and recommendations were incorporated in many respects both in the legislation passed to address the crisis, the Financial Institutions Reform, Recovery and Enforcement Acting of 1989, or FIRREA, and in the policies adopted by the federal agency created by FIRREA, Resolution Trust Corporation, which conducted the thrift clean-up. Doctor Kormendi co-founded Kormendi Gardner Partners, known as KGP, a financial advisory firm based in Washington, District of Columbia At KGP, Doctor Kormendi directed and co-directed many innovative financial engagements for public and private clients.
Among these were the first “pipeline sale” public-private partnership for the Department of Defense, the renegotiation of the largest federally assisted acquisition of a failed thrift for the Resolution Trust Corporation ("RTC"), the first variable equity retained interest transactions (also for RTC), and the first plan for distributing a Sarbanes-Oxley Fair Fund established to compensate investors in variable annuity funds harmed by illegal trading by market timers for the Securities and Exchange Commission. In addition, Doctor Kormendi led the KGP team that advised a private client on its effort to re-capitalize Cr Foncier de France, a historic bank owned by the French government.
Death and afterward Kormendi died February 25, 2009 at the age of 59 after a long battle with Creutzfeldt–Jakob disease, a degenerative brain disorder.
(On February 6, 1989, the Federal Home Loan Bank Board con...)
(On February 6, 1989, the Federal Home Loan Bank Board con...)
(This study is an independent scholarly analysis of the ec...)
A long-time senior member of the Graduate School of Business faculties at the University of Chicago and the University of Michigan, he was the author of over fifty scholarly books and articles