Dean Canova Quoted on Rescue Bill
October 4, 2008
Associate Dean Timothy Canova was quoted by the Sacramento Bee in an article entitled, “Rescue Bill Won’t Curb Region’s Foreclosures, Experts Say.” Dean Canova expressed skepticism about the long-term effectiveness of the Wall Street rescue bill recently signed into law, “If you don’t firm up the bottom of the housing market, the bottom of the pyramid will be like quicksand that will keep pulling down the structure. I think in six months to a year they will be back asking for another enormous bailout because it didn’t deal with the root causes of the problem,” he said. Read article…