Wayne R. Gross

1
Accessing Capital and Funding Through Government
Partnerships
Wayne R. Gross
Partner Snell Wilmer LLP
2
Financial Meltdown The Impact

• How things have changed!
• In 2006, subprime mortgage business was a 672
  billion market.
• Since then, millions of foreclosures and
  plummeting home values.
• Major financial companies sitting on billions of
  dollars of bad mortgage debt, causing credit
  markets to freeze up.

3
Recent Government Interventions

• Government has taken over Fannie Mae and Freddie
  Mac (100 billion bailout plan for each)
• Emergency 85 billion loan to AIG
• Government passed 700 billion rescue package,
  250 billion of which is going directly into
  banks.

4
Options Available

• Panel will discuss ways to expand despite
  economic downturn
• Panelists
• Bijan Kian, Director of the Export Import Bank
• Geoffrey Jackson, Regional Director for East
  Asia, United States Trade Development Agency
• David Crane, Special Advisor, Jobs Economic
  Growth, Office of Governor Schwarzenegger