Andrew Huszar is a senior fellow at Rutgers Business School, where his research focuses on the evolving intersection between government and the financial markets. Until June 2012, he was managing director and U.S. head of OTC derivatives client clearing for Morgan Stanley. Before that, Huszar worked during ten years over two different stints at the Federal Reserve Bank of New York (FRBNY). In his last Fed position, Huszar managed the $1.25 Trillion Agency MBS Purchase Program, the centerpiece of the first round of Quantitative Easing (QE1). He managed the program's portfolio design and trading strategy, as well as the creation of a permanent, in-house Federal Reserve AMBS trading platform. Previously, Huszar was both a bank regulator and attorney at the FRBNY. Huszar also worked on Wall Street at RBS Greenwich Capital as the co-head of a Transaction Advisory Group advising the banks trading businesses on the Basel II Capital Rules.
More About Andrew Huszar
We went on a bond-buying spree that was supposed to help Main Street. Instead, it was a feast for Wall Street.
TIME spoke with Huszar about role in quantitative easing and why he publically called for the policys reversal.
More than any other American, Tim Geithner personifies the era when we lost our nerve when it came to reining in the size and concentration of Wall Streets banks.
In this video, Huszar discusses quantitative easing with CNBCs Fast Money team.