Dean Tim Canova was quoted in an article in Fortune Magazine entitled “Four questions for Tim Geithner: Forget the tax problems. Here is what legislators really need to ask Obama’s choice for Treasury secretary at Wednesday’s hearing.” In the piece, Dean Canova said Geithner needs to show legislators that he is clearly independent of the
Visiting Professor John Yoo authored an article appearing in the Philadelphia Inquirer entitled, “Deficits and Bailouts Pose a Threat.” In his piece, Professor Yoo discusses the current economic crisis and cautions that President Obama’s proposed bailout plan risks, “damaging not only the nation’s balance sheet, but also our constitutional system.” Professor Yoo goes on to
Professor Kurt Eggert was quoted in a story in Business Week about potential federal legislation that might allow borrowers to modify their home loans in bankruptcy, entitled “Does Citigroup Stand Alone? Industry Balks at Bankruptcy Bill.” In the piece, Professor Eggert stated, “Having bankruptcy cramdowns is a way of instilling discipline to subprime lenders.” Investors
Dean Timothy Canova was interviewed on the national public radio station WAMC, Albany, New York, on the impact of “healthy” banks applying for TARP funds to cover capital needs.
Professor Kurt Eggert was quoted in a story in the Orange County Register on “How Citi bailed out an O.C. subprime lender,” regarding an infamous Orange County subprime lender who was given a loan modification on a home loan even though many of his borrowers had trouble receiving loan modifications. In discussing why Citibank received
Professor Kurt Eggert appeared on the Hugh Hewitt radio show where he discussed the housing market, and the probable push to new regulations desired by the Obama administration. Listen to Podcast…
Associate Dean Timothy Canova was quoted in an article in Kansas City InfoZine entitled, “Change on Economy?” where he stated, “The selections of Larry Summers as chair of the National Economic Council and Timothy Geithner as Treasury Secretary are disappointing. Although President-elect Obama has referred to their ‘sound judgment and fresh thinking,’ when it came
Associate Dean Timothy Canova authored an op-ed appearing in the Orange County Register entitled, “Reader Rebuttal: free markets.” In his piece, Dean Canova discusses the background leading up to the subprime lending crisis. He writes that, “…the financial deregulation of the Reagan era foreshadowed many more recent developments, including the hiding of worthless assets through
Associate Dean Timothy Canova was quoted in an article in USA Today entitled, “Is today’s economic crisis another Great Depression?” in which Dean Canova commented, “Big declines in the stock market reduced people’s wealth and decreased spending.” He further stated, “$700 billion pales in comparison with what the country spent to get the economy out
Professor Kurt Eggert was quoted in an article in Contra Costa Times, entitled, “$300B FHA rescue funds available to homeowners – with a hitch.” Professor Eggert, a former member of the Federal Reserve Board’s Consumer Advisory Council, said that the FHA program’s challenge is to “build in enough motivation for the financial industry to play