Associate Dean Timothy Canova was quoted in an article in Metro Times, entitled “Foreclosure Fight: The Push for a Michigan Moratorium.” The article describes the push by Detroit protestors for an emergency moratorium on foreclosures in the wake of the $700 billion federal bailout. Earlier this year, Sen. Clarke (D-Detroit) introduced a senate bill which
Dean John Eastman was quoted in a Wall Street Journal article entitled, “Legal Path for Intervention Was Blazed in FDR’s Time.” The article discusses the recent federal intervention in the financial markets and the trend of the court since the FDR administration. In the article, Dean Eastman makes the argument that the courts should reject
Associate Dean Timothy Canova was interviewed for a video piece on The Real News Network entitled, “Worst Week Ever on World Markets.” In the recent weeks, the world has witnessed a global economic meltdown, including the $700 billion federal bailout. “Many people with money, smart investors, have to know that $700 billion is not going
Professor Vernon Smith authored an op-ed, entitled “There’s No Easy Way Out of the Bubble,” published in the Wall Street Journal. Professor Smith’s article discusses the crash in the housing market and the subsequent federal bailout, where he proposed, “Treasury action should focus on providing capital to individual banks and mortgage companies in return for
Dean John Eastman was noted in an article, “Supreme Court Cases Shouldn’t Be Overlooked,” published in the Clovis News Journal. In anticipation of the new term of the Supreme Court, the article discusses notable cases on the Supreme Court docket. Read article…
Professor Michael Lang was interviewed and quoted by Tax Notes Today in an article entitled, “Changes to Preparer Penalty Standard Won’t Require Scrapping Regs, Practitioners Say.” The article discusses the Bailout Act’s change to the return preparer penalty standard. “The changes to Section 6694 in the bailout law are the correct approach for Congress,” Professor
Associate Dean Timothy Canova was quoted in an article in Inter Press Service, entitled “Bailing Out a Boat Full of Holes.” The article discusses the concern that the recent bailout legislation will not be sufficient to remedy the foreclosure crisis. “The bailout is directed at the top of the pyramid, it doesn’t do much to
Associate Dean Timothy Canova was quoted in an article in Mercury News, entitled “Bailout Skips Strapped Homeowners, Advocates Say.” In the article, Dean Canova responds to the worry that the federal bailout will not be enough to stop the downward spiral of foreclosures and declining neighborhood property values. “If you don’t take care of the
Associate Dean Tim Canova was quoted in an article in the Denver Post entitled, “How will we know when it’s working?” The article discusses President Bush’s Troubled Asset Relief Program and asks experts whether they expect to see signs of recovery from the plan. Dean Canova stated, “Without help for the bottom of the pyramid,
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