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 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
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,
Professor Kurt Eggert was quoted by the Washington Post in an article entitled, “The Crisis and Your Pocketbook.” In response to the question of whether lenders will hold on to foreclosures they own as they wait for the federal government’s bailout, Professor Eggert stated, “The government’s plan aside, it’s generally not in the lender’s interest
Professor Kurt Eggert was quoted in an article on CNN/Money.com, entitled “What About My Mortgage?” The article discusses the difficulties the government faces in helping struggling homeowners obtain affordable loans during the current financial crisis. Following the success of the government-led loan modifications in response to the failure of IndyMac, Professor Eggert stated, “IndyMac is really
Professor Kurt Eggert was quoted in an article in CNN/Money.com, entitled “What Rescue Means for Mortgage Rates,” discussing the impact of the federal takeover of Fannie Mae and Freddie Mac. In the article, Professor Eggert expressed skepticism about the long-term effect of the federal bailout, “If I were an investor, I’m not sure this would be
Dean Timothy Canova published an article, “Legacy of the Clinton Bubble,” in the summer issue of Dissent magazine. The article, which analyzes how financial deregulation during the Clinton and Bush administrations led to today’s crisis in housing and credit markets, was discussed extensively in the pages of La Jornada, one of Mexico’s leading daily newspapers.
Professor Kurt Eggert was quoted in an article in CNN/Money.com, entitled “Fed in tug of war over mortgage rules, ” where he addressed the direction the Federal Reserve Board would turn in its forthcoming subprime regulations.” Read article…
Professor Kurt Eggert was quoted on “Morning Edition” (NPR) in a piece about whether Wall Street investment houses knew that they were packaging bad loans for securitization. “It’s amazing if any investment bank agreed to a maximum number of loans they would kick back for defects. That means that they were willing to accept junk.