Bob Koncerak was our guest speaker for Saturday, November 22nd, 2008.
Bob Koncerak is EVP/CFO of Touchmark National Bank and Touchmark Bancshares, Inc., based in Norcross, Georgia. Bob has nearly 25 years of banking, capital markets and financial services experience and speaks often as a presenter/educator on financial services issues. Bob is a director for the Georgia Free Clnic Network and the Coverdell Leadership Institute and currently serves as a Vice Chair for the Cobb County Republican Party. Bob and his family attend Burnt Hickory Baptist church in west Cobb.
*'What the heck is credit default swap and why is it destroying our country'?
*'Is a money market account at my bank the same as a money market mutual fund'?
*'Why won't banks lend to each other and why is that important'?
*'Where are all the banks putting Treasury billions if they're not lending it?
*'What does 'mark-to-market' mean and why is it so controversial'?
*'What happens to my checking account...and my mortgage if my bank fails'?
*'What can we expect to see from big government as this problem continues'?
This was a TREMENDOUS meeting! There are 3 audio clips below. The first 2 are clips are Mr Koncerak's time sharing with us. It is split into 2 clips to make listening easier on your computer speed and space. The third clip features about 5 minutes of sharing from Richard Daly, a world banker also involved in the mortgage business, and also a Madison Forum Member.
Bob Koncerak (clip 1, just under 29 minutes)
Bob Koncerak (clip 2, just over 40 minutes)