Professor Kurt Eggert was quoted in an article in Orange County Register, entitled “Bailout Dead. O.C. Reacts to What’s Next.”  In the article, Orange County professors and professionals shared their opinion as to what will happen as the result of the House rejection of the federal bailout proposal.  “The bailout would have done too little, too late to address the underlying problem: the rise in defaults and foreclosures.  There’s some talk in the bailout plan, but it’s mostly lip service, about addressing loan modification.  I think we have to fix the underlying problem first and then deal with the Wall Street financial crisis next,” said Professor Eggert.  Read article…