Smeal professor testifies before Congress on financial stability
7/22/11
John Liechty, professor of marketing and statistics at the Penn State Smeal College of Business and director of the Center for the Study of Global Financial Stability, testified before the U.S. House Committee on Financial Services, Subcommittee on Oversight and Investigations, on July 14 regarding oversight of the newly created federal Office of Financial Research (OFR). The OFR, which is Liechty's brainchild, was formed last year to begin collecting data on the financial system to allow the government to effectively monitor its stability and ward off potential threats.








