Media Mentions

CityBizList.com

Competing teams were drawn from six leading Philadelphia business schools: Drexel University's LeBow College of Business; La Salle University School of Business; Penn State University's Smeal College of Business; Temple University's Fox School of Business; University of Pennsylvania's Wharton School; and Villanova University School of Business.

Pittsburgh Post-Gazette

A working paper by Columbia University Professor Gur Huberman, Ph.D., and Daniel Dorn, Ph.D., of Philadelphia's Drexel University, reported that risk-averse investors bought mutual funds more often than individual stocks. When they chose stocks, they generally purchased stocks with low volatility.

New York Times

“Everybody needs capital because everybody needs to report losses,” said Joseph Mason, a finance professor at Drexel University in Philadelphia. “The good news is that they can.”

The Wall Street Journal

"In pushing homeownership over the past decade, social policies pushed the misuse of mortgage credit," says Joseph Mason, an economist at Drexel University.

CNNMoney.com

The risk is that the array of government responses will distort true prices of securities, delaying a market recovery, says Joseph Mason, finance professor at Drexel University.

Tampa Tribune

Ralph A. Walking, executive director of the Center for Corporate Governance at Drexel University. He'll talk about increased shareholder access to proxy statements

Palm Beach Daily News

"...Daniel Dorn, Ph.D., of Philadelphia's Drexel University, suggests that risk-averse investors rarely embrace diversification. This, despite the fact those investors in particular are trying to avoid the roller coaster ride of Wall Street."

Bloomberg's In Focus

Dr. Joseph Mason, associate professor of finance, commented on the U.S. financial crisis on Bloomberg's "In Focus" on April 2, 2008.

CNNMoney.com

"This is an information crisis," says Joseph Mason, a finance professor at Drexel University in Philadelphia and a former economist at the Office of the Comptroller of the Currency. He says the market's fearful contortions "aren't going to stop till we get the information" about which institutions are facing more losses.

globeandmail.com

"They were the most exposed of all the investment banks," said Joseph Mason, a finance professor at Drexel University. When weakening U.S. housing prices and the onerous terms of subprime mortgages began to trigger foreclosures, the damage was swift to investments linked to the risky loans.[Syndicated Report on GlobeInvestor.com]

WSJ.com

The Wall Street Journal quotes Dr. Joseph Mason, associate professor of finance, in a March 17, 2008, story about the U.S. financial crisis.

CNNMoney.com

What happened was we figured out the whole scheme wasn't working the right way," said George Tsetsekos, dean of the LeBow College of Business at Drexel University. "It's an issue of confidence in the marketplace over the ability of institutions to receive back the funds that were lent."

WSJ.com

Joseph Mason, an economist at Drexel University who has studied bailouts, weighs in on the moral hazard problem created by the Federal Reserve's intervention (in the name of market stability) to prop up Bear Stearns on Friday and the Fed's $30 billion loan to support J.P. Morgan Chase's purchase of the firm.

CNNMoney.com

Joseph Mason, a finance professor at Drexel University, had little sympathy for Bear Stearns’ problems. “Once an institution is insolvent, the only responsible thing to do is to unwind it in an orderly fashion,” Mason said. “It’s not a business enterprise worth saving.”

Dr. Bruce McCullough, professor of decision sciences, is quoted in a story published in Handelsblatt (Germany) on March 3, 2008, about the effects of file sharing on CD sales.

National Public Radio

But Joseph Mason, associate professor of finance at Drexel University, was more critical about the report, saying, "It doesn't go far enough and is too vague to be of any help."

The Philadelphia Inquirer

Shawkat Hammoudeh, professor of economics and international business at Drexel University, noted that oil was valued in dollars. And the falling U.S. dollar was causing investors and producers to drive up oil prices to compensate for their losses. "As long the dollar doesn't reach a bottom," he said, "crude prices don't have a cap."

CNNMoney.com

The Fed is helping banks and brokers borrow money more easily, which will help them finance these exposures for longer. But the central bank isn't helping them sell these securities, Joseph Mason, associate professor of finance at Drexel University's LeBow College of Business, wrote in an email on Tuesday.

Forbes.com

Joseph Mason, a finance professor at Drexel University, says, "This is not a liquidity crisis, it's a credit crisis."

WCAU-TV (NBC-10) and WTXF-TV (FOX-29)

LeBow College of Business students were featured on WCAU-TV (NBC-10) and WTXF-TV (FOX-29) newscasts March 4, 2008. Students learned about international trade at the Philadelphia Regional Port Authority.

Boston Globe

The history of this federal push is revisited in a recent article by Drexel University business professor Joseph Mason. "In pushing home ownership over the past decade, social policies pushed the misuse of mortgage credit."

centredaily.com

Dr. Girish Ramani, assistant professor of marketing, is noted in a story published March 4, 2008, in the Centre Daily Times (State College, Pa.) and News & Observer (Raleigh, N.C.) and on EarthTimes.org and other Web sites as a co-developer of the Customer Affinity Index, a measure of predicting customers' technology purchasing intentions and decisions.

Houston Chronicle

"Fannie and Freddie are really, really big. These recent changes make them even bigger," said Joseph Mason, a finance professor at Drexel University in Philadelphia. "At some point they become too big to save."

WTXF-TV (FOX-29)

Dr. Shawkat Hammoudeh, professor of economics, commented on WTXF-TV (FOX-29) on February 29, 2008, on the sagging U.S. economy and the possibility of a recession this year.

Multichannel.com

"Selling of stock by insiders is not good news," said Drexel University Bennett L. LeBow College of Business professor of finance Michael Gombola.

csmonitor.com

"We're getting a lot of bailout pressures from different directions," says Joseph Mason, a finance expert at Drexel University in Philadelphia. It's unclear how big a bailout will become, but the likelihood of expanding rescue efforts is growing, he says. And it will pay to heed lessons of the past

gulfnews.com

Shawkat Hammoudeh, a senior professor of Economics at Drexel University, says that sectors like education could be another target area for Arab investors. "They can support named professor positions in universities and can choose the field of the named professor," says Hammoudeh, who follows the ME markets closely.

CNBC.com

"Ackman's really calling their bluff here," said Joseph Mason, professor of finance at Drexel University. "They just want to continue business as usual."

Philly Metro

“The consumer is not really prepared whether in terms of wealth or savings,” said Shawkat Hammoudeh, an economics and international business professor at Drexel University.

finchannel.com

A bailout could be costly, with some estimating the price tag might reach $240 billion, according to Drexel University professor Joseph Mason, who took part in the Hudson Institute event.