October 30, 2009 at 3:17 pm
Treasury Secretary Timothy Geithner is still trying to convince Congress to pass legislation to deal with “too big to fail” financial institutions before they get to the point of collapse. Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Fed Board of Governors, says [...]
October 22, 2009 at 5:29 pm
In unprecedented moves, President Obama’s “pay czar” has put restrictions on compensation for top earners at the 7 biggest recipients of taxpayer bailout funds, while the Federal Reserve issued new guidelines to restrict pay practices at all banks to prevent excessive risk taking. School of Management Professor James Post, an expert on corporate governance and business [...]
March 10, 2009 at 12:13 pm
Fed chairman Bernanke’s call for a broad reworking of how the government regulates the financial system was met with skepticism by finance Professor Mark T. Williams, a former Fed bank examiner, and law Professor Tamar Frankel, a securities law authority.
Williams says Bernanke missed the point.
“The Fed took its eye off the ball. The regulatory framework [...]
March 5, 2009 at 10:10 am
School of Law Professor Susan Koniak, in a New York Times op-ed, says the Obama mortgage bailout plan won’t stop foreclosures because it concentrates on reducing interest payments, not reducing principal - a waste of taxpayer money that won’t fix the problem.
“For subprime and other non-prime loans, which acount for more than half of all foreclosures, the best [...]
February 24, 2009 at 10:45 am
Waistlines are expanding as worries about the economy worsen, according to doctors, dietians and trainers in a Forbes.com story last week. Caroline Apovian, M.D., director of the Center for Nutrition and Weight Management and director of clinical research for the Obesity Center, both at Boston Medical Center, has seen the eating habits of her patients worsen.
“My [...]
November 26, 2008 at 8:03 am
School of Management finance Professor Mark Williams, a former Federal Reserve Bank examiner, feels strongly that the Credit Default Swap (CDS) market definitely shares some blame, but it isn’t justified to make it the latest scapegoat responsible for the economic meltdown. Nonetheless, there is a crying need for regulation of the CDS market and creation [...]
October 20, 2008 at 7:20 pm
In response to last week’s signed letter by economists, sent to congressional leaders opposing the government bailout plan, a group of academic economists lead by Boston University’s Laurence Kotlikoff, have signed a letter in support of the plan before Congress dealing with the financial crisis.
Below is that letter, addressed to the Speaker of the House [...]
October 17, 2008 at 4:59 pm
Law Professor Tamar Frankel, an authority on securities law, corporate governance, and legal ethics, comments on grand juries looking into actions of Lehman Brothers.
“Do not blame Lehman Brothers. The examinations of its actions are unnecessary. Many large financial institutions adopted the same practices and developed the so-called market that we now have.
“Rationally, a market [...]
October 16, 2008 at 1:32 pm
The following Boston University professors are available to comment on the various aspects of the financial crisis:
School of Management Professor Mark Williams, an expert on risk management and former Federal Reserve Bank examiner who teaches in the school’s Finance Department.
School of Management Professor James Post, an expert on corporate governance and business ethics. He teaches [...]
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