FOR IMMEDIATE RELEASE
Elise Brooks, (202) 589-2427

Statement of the Roundtable and Housing Policy Council on Reappointment of Chairman Bernanke

Washington, D.C.—August 25, 2009— The Financial Services Roundtable and the Housing Policy Council applaud the President’s reappointment of Federal Reserve Chairman Ben Bernanke to a second term.

“Chairman Bernanke has the resiliency and sound judgment to get the economy back on track,” said Steve Bartlett, President and CEO for the Roundtable. “We applaud the Administration for acting in the best interest of the American people.” The Roundtable looks forward to continuing to work with the Fed to reform the financial regulatory system.

"Chairman Bernanke and the Federal Reserve took bold and needed steps to stabilize the economy and the housing market during a time of severe economic distress and uncertainty. His performance during these difficult economic times was exemplary and the President made a wise decision to reappoint him to a second term as Chairman of the Federal Reserve Board,” said John H. Dalton, President of the Housing Policy Council.

“The Housing Policy Council appreciates the Federal Reserve's work to promote assistance to homeowners in distress and prevent foreclosures and looks forward to continuing to work with the Fed in this area and on other issues of importance to the nation's economic well-being,” Dalton said.

The Roundtable's Housing Policy Council is made up of twenty-six companies that are among the nation's leaders in mortgage finance.  Member companies originate sixty-five percent of the mortgages for American home buyers. Member companies participate in the Council through the senior mortgage executive in their company.

The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.  Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO.

Roundtable member companies provide fuel for America's economic engine, accounting directly for $85.2 trillion in managed assets, $980 billion in revenue, and 2.3 million jobs.