Professor Kurt Eggert was quoted in an article in the Los Angeles Times entitled, “Countrywide sues AIG unit over its failure to cover loan losses.” The piece discusses a suit recently filed by Countrywide Home Loans Inc. complaining that AIG didn’t cover more than $43 million in losses from failed real estate loans, many of
Professor Ronald Rotunda published an op-ed in Chicago Tribune, entitled, “Some strings attached: Is the stimulus law constitutional?” The article discusses constitutionality issues surrounding the American Recovery and Reinvestment Act. As Professor Rotunda explains, “It gives billions of dollars to the states, but the gift has strings attached. One of its unique provisions changes state
Associate Dean Tim Canova was quoted in an article in U.S. Bank, entitled “More Shares Drop.” The article describes the U.S. government’s bailout of financial institutions such as Citigroup and AIG as teetering on nationalization. While some economists are opposed to nationalization, Dean Canova states, “I am skeptical of these arguments of the government’s impotence
Professor Eggert was quoted in the OC Register’s Mortgage Blog (http://mortgage.freedomblogging.com/) and the Dayton Business Journal, where he addressed the Obama foreclosure plan. He said “Obama needs to make sure the effort helps the housing market and just does not result in lenders reworking a limited number of mortgages and then collecting federal incentives….“There is
Associate Dean Timothy Canova was quoted in an article entitled, “The Next Economic Bubble To Burst? Take Your Pick.” The article considers trouble spots in the economy that analysts believe may wreak havoc in the future. Regarding Treasury Bonds, Dean Canova states, “The next bubble could be in Treasury’s . . . America remains dependent
Visiting Professor Tom Campbell was mentioned in an editorial in San Jose Mercury News, entitled “So, Whitman and Poizner, how would you have balanced the budget?” The editorial discusses recent comments by Meg Whitman and Steve Poizner, two aspiring Republican candidates for governor, regarding the California budget crisis. Whitman and Poizner commented that they would
Professor Kurt Eggert was quoted in a Los Angeles Times article entitled “Housing relief becomes a fence between neighbors.” The article discusses the opposing views among homeowners regarding government funded mortgage relief. In support of government relief, Professor Eggert stated “We’re all in this economy together, and if the economy goes down the tubes, it’s
Professor Kurt Eggert was quoted in article in the Wall Street Journal entitled, “Proposal Is Heavy on Incentives to Modify Loans: Challenges Include Dealing With Mortgages Sold to Investors and Borrowers Who Owe Lenders More Than Homes Are Worth.” In the piece, Professor Eggert stated, “This is the first real significant step to try to
Associate Dean Timothy Canova was quoted in an article in U.S. Banker entitled, “U.S. Government Data Needs a Redo.” The article discusses the nation’s economic statistics and makes the case that policymakers and business leaders need better numbers in order to ensure good outcomes in the future. Regarding inflation, Dean Canova says, “There has been
Professor Kurt Eggert was quoted in an article in the Orange County Register entitled, “Burned borrowers seek payback from CEOs who got millions.” As the title of the article suggests, the piece is about the growing number of private lawsuits and government investigations seeking payback from executives who received enormous paychecks for running companies that