Dean Timothy Canova was quoted in a column by Dean Calbreath in the San Diego Union Tribune entitled, “Land bank proposal deserves more funds.” Read story…

Excerpts from the piece include:

“I hate to say it, but this proposal seems more like public relations than an actual attempt at a solution,” said Timothy A. Canova, who teaches international economic law at Chapman University in Orange.

Canova said the land bank program and a $10 billion program to establish a bond authority to refinance subprime mortgages were the only pieces of the proposal that seemed directly aimed at resolving the crisis – and they’re woefully inadequate.

“If you put them both together, they amount to $14 billion, which is a drop in the bucket compared to a problem that could run into the trillions of dollars,” he said.