More than 60 leaders in business and philanthropy gathered to hear Steve Forbes and Leon Charney discuss the future of our economy at a breakfast forum on September 9, 2009. Chaired by Harvey Fuchs, Senior Vice President of Citibank and moderated by Matthew Miller, Global Wealth Editor at Forbes Magazine, participants were treated to powerful insights and some “off the record” comments.
“The Lehman Bankruptcy will go down in history as one of the worst mistakes ever made by the Federal Reserve and the US Treasury,” said Steve Forbes. He also suggested that the strengthening of the dollar could draw the U.S. economy out of its recession. Leon Charney, who is Chairman of the University of Haifa’s Board of Governors, estimated that the financial crisis will end by the fourth quarter of this year and will be followed by slow and steady economic growth.
Both Charney and Forbes expressed their belief that Iran poses a strategic threat to Israel and that President Barak Obama’s policy with regard to Iran should be more stringent. They also agreed that negotiations with Iran at this time are not productive and potentially dangerous.