September 16, 2020 - Congressman Jim Himes (CT-4) reassured members of the Business Loans Coalition on Tuesday that the coronavirus pandemic is much less threatening in terms of systemic risk than was the Great Financial Crisis.
Himes provided his comments during a webcast exclusively for members of the BLC, the LSTA’s grassroots advocacy affiliate. The webcast was moderated by Elliot Ganz, the LSTA’s general counsel and executive director of the BLC.
Himes focused much of his remarks on how the government’s response to the pandemic has differed from its response to the financial crisis. Himes said that while the response to the pandemic has been costlier, there is much less concern about systemic risk, including potential systemic risk around leveraged loans.
Himes appeared in the second edition of the BLC’s insider webcast series. The ongoing series is open exclusively to BLC members. Membership to the BLC is free and available here.