Roger C. Kormendi

Roger C. Kormendi (July 24, 1949 – February 25, 2009) was an American economist who conducted important research studies in several areas of macroeconomics and finance.

His early work focused on macroeconomic monetary and fiscal policy, and helped to form the current understanding of the effect of deficit spending on economic cycles.

Its analysis and recommendations were incorporated in many respects both in the legislation passed to address the crisis, the Financial Institutions Reform, Recovery and Enforcement Act of 1989, or FIRREA, and in the policies adopted by the federal agency created by FIRREA, Resolution Trust Corporation, which conducted the thrift clean-up.

Among these were the first “pipeline sale” public-private partnership for the Department of Defense, the renegotiation of the largest federally assisted acquisition of a failed thrift for the Resolution Trust Corporation ("RTC"), the first variable equity retained interest transactions (also for RTC), and the first plan for distributing a Sarbanes-Oxley Fair Fund established to compensate investors in variable annuity funds harmed by illegal trading by market timers for the Securities and Exchange Commission.

In addition, Dr. Kormendi led the KGP team that advised a private client on its effort to re-capitalize Credit Foncier de France, a historic bank owned by the French government.