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Addressing a group of over thirty liberals, IFAN alumnus, Dr Parth J. Shah (Centre for Civil Society) explained that though mechanics of the crisis or the sequence of events that led to the crisis were not in dispute, the difference of opinions lay in the assigning of the blame. One group saw the end of free market, of capitalism, the other group points to government interventions and easy money policy, and there is a third group that blames it on greed, general problem of values and ethics in the society.He took the participants on a journey back into time, where he explained how government policies created the incentives and the foundation that finally led to the crisis. 
The Second FNF Alumni Meeting in India held in on 2007 has witnessed the formation of 'India-FNF Alumni Network' (IFAN) to serve the purpose of promoting a more liberal society in India.