Media Mentions

Forbes.com

"Politicians want to look like they are doing something while not doing something," says Joseph Mason, a professor at Drexel University who studies banking regulation and capital markets. "This plan fits that perfectly."

CNN.com

A Marketwatch story about collateralized debt obligations in which Dr. Joseph Mason, associate professor of finance, is quoted was syndicated on CNN’s Web site and EasyBourse.com and FXStreet.com on December 4, 2007.

Financialexpress.com

Some are hoping that the Californian experiment, which builds on Ms Bair’s proposal, will provide a template for a nationwide scheme—if the economics work. They may well. Foreclosure is expensive, typically eating up 20-25% of the loan balance, says Joseph Mason of Drexel University.

Bloomberg.com

``These were highly inappropriate investments for taxpayers' money,'' said Joseph Mason, a finance professor at Drexel University in Philadelphia.

Marketwatch.com

If losses on MBS and CDOs climb high enough, bond insurers may have to pay claims. But unlike a muni bond, these companies have fewer ways to recoup the cost of those payouts, according to Joseph Mason, associate professor of finance at Drexel University and a critic of the industry.

The Philadelphia Inquirer

Basically, it's all a calculated effort to stimulate your Adult Attention Deficit Disorder before you make it to housewares and snatch up mom's coffeemaker, said Stanley A. Kligman, professor of marketing at Drexel University's LeBow College of Business.

Denver Post

"Securitization became a driver for new mortgage-product development, which increased homeownership and home prices," said Joseph Mason, an associate professor of finance at Drexel University who has studied risk in mortgage markets.

Bloomberg.com

The people who withdrew were right to withdraw,&#39;&#39; said <strong>Joseph Mason</strong>, finance professor at <strong>Drexel University</strong> in Philadelphia and a former economist at the U.S. Treasury Department. The people who trusted in the good faith of the pool's management were burned. This is a severe blow if not a death knell to the concept of state-run investment pools.''

http://www.marketplace.org/

The Securities and Exchange Commission awards that seal of approval. Until just a few years ago, the only NRSROs were, you guessed it, Standard and Poor's, Moody's and Fitch. Joseph Mason teaches finance at Drexel University.

Economist.com

Some are hoping that the Californian experiment, which builds on Ms Bair's proposal, will provide a template for a nationwide scheme—if the economics work. They may well. Foreclosure is expensive, typically eating up 20-25% of the loan balance, says Joseph Mason of Drexel University. Modification means smaller cash flows but also fewer defaults.

The Miami Herald

When local governments withdraw funds from the pool, the state must sell off holdings to raise the cash. Because Florida's pool has been forced to quickly raise billions of dollars to meet withdrawal demands, it won't get top dollar for its asset sales, says Joseph Mason, professor of finance at Drexel University.

Bloomberg.com

When local governments withdraw funds from the pool, the state must sell off holdings to raise the cash. Because Florida's pool has been forced to quickly raise billions of dollars to meet withdrawal demands, it won't get top dollar for its asset sales, says Joseph Mason, professor of finance at Drexel University.

Philadelphia Inquirer

Oil prices also are rising from tensions with Iran and its neighbors, said Shawkat Mammoudeh, a Drexel University economist who has studied the oil industry for nearly 30 years.

Good Day Philadelphia on WTFX-TV (Fox 29)

Dr. Stanley Kligman, marketing instructor at the LeBow College of Business, was interviewed on Good Day Philadelphia on WTFX-TV (FOX 29) about holiday shopping on November 26, 2007.

USA Today

If bond insurers and the muni bonds they back get downgraded, the potential economic damage could ripple from Wall Street to Main Street, hurting local governments, consumers and taxpayers, says Joseph Mason, a Drexel University finance professor.

Miami Herald

State officials have no business putting taxpayer money into debt investments that have baffled even Wall Street executives, says Joseph Mason, finance professor at Drexel University in Philadelphia and a former economist at the U.S. Treasury Department.

KTKK-AM (NMC/ABC) American Advisor

Dr. Joseph Mason, associate professor of finance, was quoted on The American Adviser on KTKK-AM (NBC/ABC), Salt Lake City, from an earlier Bloomberg interview program, on November 19, 2007.

Bloomberg Radio

Dr. Joseph Mason, associate professor of finance at the Bennett S. LeBow College of Business, commented regarding sub-prime effects on pension funds on Bloomberg Radio, November 15, 2007.

Bloomberg Radio's "The First Word on Business"

Dr. Joseph Mason, associate professor of finance, commented on Bloomberg Radio's "The First Word on Business" about the implications of credit downgrades on bond insurance companies, on November 15, 2007.

Bloomberg Television's "Morning Call"

Dr. Joseph Mason, associate professor of finance at the Bennett S. LeBow College of Business, was interviewed on Bloomberg Television's "Morning Call," on Wednesday, November 14, 2007

CNBC's "Closing Bell"

Whether credit agencies are still credible, with Christopher Whalen, Institutional Risk Analytics; Joseph Mason, Drexel University and CNBC's Maria Bartiromo

NPR's "Marketplace"

A fix could benefit consumers. The kind of structured products the SIVs bought finance some $9 billion in consumer borrowing. But finance professor Joseph Mason, with Drexel University, says a bailout would only postpone the pain.

CNBC

"Liquidity crises last longer if there's something truly wrong with the collateral that needs to be worked out," said Joseph Mason, a finance professor at Drexel University. The banks' plan "will continue to prevent" accurate accounting of the losses, he added.

The military family network

Joan Weiner, a professor of management at Drexel University, in Philadelphia, said her participation was a mark of respect for those who died.

Charlotte Observer

Conduits and SIVs can be off-balance-sheet because ostensibly they are separate from the bank and have other investors. To avoid reputational risk, though, banks are remiss to let them fail, said Joseph Mason, an associate professor of finance at Drexel University in Philadelphia.

Bloomberg.com

``Continuing to mask transparency by means of rearranging risk without actually offloading or recognizing the true value of that risk is not going to help anyone,'' said Joseph Mason, an associate professor of business at Drexel University in Philadelphia and a former financial economist at the Office of the Comptroller of the Currency.

Marketwatch.com

That helped fuel the housing boom. About 40% of CDO collateral is residential MBS. Almost three-quarters of that is in subprime and home-equity loans, with the rest in higher-quality, prime home loans, according to a study earlier this year by Joseph Mason, an associate finance professor at Drexel University's business school, and Joshua Rosner, a managing director at research firm Graham Fisher & Co.

The Day News

A story that noted Drexel’s number three ranking in undergraduate entrepreneurial programs was published by The Day News (New London, Conn.) and posted on theday.com on October 21, 2007. It was also noted in a syndicated Associated Press feature in The News Journal (Wilmington, De.) and in the Pittsburg Post-Gazette on October 22, 2007.

The Pittsburg Post- Gazette

Topping the list for undergraduate schools was Babson College in Massachusetts, followed by the University of Houston, Philadelphia's Drexel University, the University of Arizona and the University of Dayton (Ohio).

Delawareonline.com

Topping the list for undergraduate schools was Babson College, in Massachusetts, followed by the University of Houston, Philadelphia's Drexel University, the University of Arizona, and the University of Dayton, in Ohio.