Financial Experts Weigh in on Global Economic Crisis

Hawken`s Speaker Series hosted its first event of year with an economic talk show featuring financial consultant Scott Roulston `75, Cleveland State University professor Kenneth Borokhovich and National City CEO Peter Raskind. The panel, organized and moderated by Hawken senior Aaron Kohn, discussed recent economic downturns, the fallout from the subprime mortgage crisis, the government`s bailout plan and what the financial situation means for students and the rest of Americans. Though the world may be experiencing a rough period, all three panelists were confident that the economy was sure to rebound. "Mom and Dad are going to be stressed out by finances for a while," Roulston told the students. "We will get out of this, but it might be a deep downturn." In the end, the panelists urged the students to remain engaged in current events, to hold politicians accountable for government spending, also a factor in the country`s ailing economy, and to be financially responsible themselves. "I don`t care if it`s a person, a household, or a country," Raskind noted. "If you live beyond your means, you will pay.