A Fed official’s “summer vacation in China”:
Exclusive interview with Federal Reserve Community Affairs Officer Joseph w88 sports betting
(Source: China Daily Network 2016-8-19)
Joseph w88 sports betting (Joseph Firschein) Current Federal Reserve (The Federal Reserve System) Community Affairs Officer position. Served in the U.S. Department of the Treasury,AOLHaving worked in government agencies and well-known enterprises, he has extensive experience in the fields of community finance and consumer protection. In addition to his work at the Federal Reserve, w88 sports betting also teaches at two institutions of higher learning in the United States, Georgetown University and George Washington University.
Joseph w88 sports betting andw88 casinoStudents communicate after class
This summer, asw88 casinoFischl, a teacher at the International Primary w88 casino, came to China specifically to introduce the current status of the U.S. government’s work in the fields of community reinvestment and consumer financial protection to Chinese students. With this rare opportunity, a reporter from China Daily also conducted a one-on-one interview with this Federal Reserve official who came to China to “spend the summer vacation”:
It was noon in midsummer when I met w88 sports betting. His lecture had just ended that day and he was answering questions for a few students who had stayed after class. After greeting reporters and sitting down for an exclusive interview, w88 sports betting immediately talked about his "fate" with China.
"This is my third time in China. In addition to Beijing, I have also been to many other cities in China, such as Shanghai, Chengdu, Xi'an, Suzhou, Hangzhou, etc." w88 sports betting said, "In the United States, I taught at Georgetown University and George Washington University respectively. During my teaching period, I got an opportunity to teach in China, so I came here."
Talk about the course: Community Reinvestment and Consumer Financial Protection
The course Fischl offered to Chinese students this summer is "Community Reinvestment and Consumer Financial Protection." Fischl said that the reason for teaching this course is, firstly, based on the results of communication with the w88 casino, and secondly, in view of the current status of work in the fields of community reinvestment and consumer financial protection in the United States and many countries around the world.
“When considering the teaching content, I worked with the organizer of this international semesterw88 casinoWe communicated and the w88 casino is very interested in the courses I teach at American universities and hopes that I can introduce some American experience in community reinvestment and banking industry supervision. "Fischl said.
"Currently, the United States and many countries around the world are still trying to solve this problem - how to enable low-income groups to apply for loans? How to lend money to places that need money when most banks are usually not willing? Ensure that such community groups can receive credit support, This is the area that Community Reinvestment focuses on. "As for consumer financial protection, it is mainly about how to let consumers understand the essence of loans to ensure that they will not be deceived when applying for loans. The US government can be said to have accumulated a lot of experience in this area, especially in the field of mortgage loan supervision."
When it comes to mortgage loans, one thing I have to mention is200815154_15172200815200_15263
“I want to start by emphasizing something that I always emphasize in my classes – not just low-income people, but all of us need to know more about everything. In the United States, the outbreak of the subprime mortgage crisis did not only affect low-income people. Basically, people from all income groups encountered the challenges brought about by the crisis. Of course, consumer awareness is only one aspect, and it also involves many other issues such as regulatory structure and incentive mechanisms. But it is indeed very important for low-income, middle-income and high-income people to better understand loans. ”
"Chinese Summer Vacation" by Joseph w88 sports betting
Talk about students: Chinese students are shocking
As an official from the Federal Reserve, there is no doubt about the professionalism of the courses w88 sports betting teaches to Chinese students. The experience accumulated by the United States in community reinvestment and consumer financial protection is indeed worthy of reference by people in the Chinese financial industry. But the reporter also has a question: Faced with such professional teaching content, can w88 sports betting's Chinese students understand it?
“My students are very smart and motivated.” When asked by reporters, w88 sports betting did not hesitate to praise him. “Another thing that shocked me is that the students’ English is so good. I don’t know how they do it. In the United States, my students are mainly from the graduate level. Although my Chinese students are younger than my American students, the questions they ask are still very good.”
"There is one in my class25students, they are very enthusiastic in class and can understand the field I study and the content of my work. At the beginning, I was not really worried about whether students would be too shy. I was mainly worried about whether my words could be understood by them, and I was also worried about encountering language barriers when they asked questions. It is true that on the first day of class, the students were a little shy, but by the end of the course, students were asking me many questions basically every day. We had many such interactions, and they were not shy at all. ” added w88 sports betting.
w88 sports betting also cited many examples of Chinese students “challenging” themselves to show reporters his interesting classroom interactions with Chinese students: “In the United States, in order to allow private companies to join in community reinvestment, the government has to provide for this. In response to my introduction, my Chinese students asked me bluntly, ‘Why can’t the government directly reinvest in the community? ’ You know, in the United States, I often discuss public-private cooperation with students in class (PPP，Public-Private Partnership) debate the w88-offs between the two models of direct government involvement. The straightforward questions from the Chinese students really forced me to think about the policies currently being implemented in the United States in terms of community reinvestment and consumer financial protectionPPPWhether the mode is the most reasonable. ”
In addition, w88 sports betting also expressed his support for the organization of this International Semesterw88 casinoThe w88 casino highly praised it: “Summer w88 casino is a great idea. In the United States, schools including Harvard University also have their own summer schools. this timew88 casino's summer w88 casino was very well organized. Before I came, the w88 casino had already confirmed the detailed syllabus with me, and after arriving in China, the w88 casino assigned me a teaching assistant. All the details have been implemented for me in advance. As a professor, all I need to do is just go on stage and give lectures. ”
Talk about China and the United States: Exchanges between the two countries are becoming increasingly frequent
Different from previous experiences of coming to China for tourism or business trips, w88 sports betting, who came to China to "spend summer vacation" as a Federal Reserve official and an American university professor, the summer he spent in class this year can be said to be very unforgettable. So, how does he evaluate the increasingly frequent exchanges and exchanges between China and the United States?
“On a regulatory level, it’s not uncommon for one central bank to negotiate with another about how to do things. But as an academic, sharing knowledge and information is a normal thing. Everything I teach in class, you can learn from Georgetown University or It can be found on the official website of the Federal Reserve, so that people can understand the way the Federal Reserve does things. I think that exchanges between China and the United States are indeed becoming more and more frequent. This kind of exchanges and meetings are very beneficial and can give the two parties the opportunity to dialogue, conduct comparative research, and share opinions," w88 sports betting said.
In addition, w88 sports betting also commented on the current situation of cooperation between China and the United States in the financial field: "For example, the Federal Reserve will publish many policy research articles on its official website, and people in China can also read these articles, which may inspire them. I think there are more and more such cooperations now, including this autumn's eventG20Conferences and other meetings are also encouraging cooperation between governments. But I also learned from my experience teaching in China that management methods that are suitable in one country may not necessarily be equally suitable in another country. Some problems that exist in the United States are not problems at all in China. So the existence of differences is important. We must fully understand the two countries' respective methods of doing things in such exchanges, and then study whether we can learn anything worth learning from the other country's practices. ”
Attachment: Original report link
http://caijing.chinadaily.com.cn/2016-08/19/content_26537857.htm?from=timeline&isappinstalled=0
