Media Mentions

Bloomberg's On the Economy

Dr. Joseph Mason, associate professor of finance, commented on Bloomberg's "On the Economy" on May 8, 2008, on a lawsuit against State Street tied to the subprime mortgage market.

The Gazette

The findings of Concordia professor Mrugank Thakor, who worked with Concordia graduate student Katayoun Saleh and marketing professor Rajneesh Suri of Philadelphia's Drexel University, are published in the forthcoming edition of the Journal of Retailing.

Reuters.com

"It's an indicator of a major change at Moody's, and a major retrenchment from structured finance," said Joseph Mason, an associate professor of finance at Drexel University in Philadelphia, who has studied the industry.

phillyBurbs.com

Drexel University's LeBow College of Business recently interviewed 17 area business leaders about the challenges they face as part of a study entitled The CEO Agenda. "To hear from top-level CEOs about their views on what the important issues in business are was an excellent opportunity," said Drexel marketing professor Bert Rosenbloom. "They offer unbelievable insights into what's really happening in business today.

Philadelphia Inquirer

Erica Hession, a Drexel University junior majoring in entrepreneurship, was asked what she would do if she was running her own business. "If I owned an auto dealership, I would offer incentives to promote hybrid cars that use less gasoline, which would get other rebates" and further stimulate the economy, Hession said.

MoneyMorning.com

Drexel is noted on MoneyMorning.com and MarketOracle.com in articles about remarks made by Philadelphia Federal Reserve President Charles Plosser on interest rates during a conference co-sponsored by Lebow College of Business and held at the University.

LeBow College of Business student Eric Meyers was quoted in a story April 27, 2008, on the Trading Markets Web site about the job market and careers for college students.

KYW1060-AM

Dr. Shawkat Hammoudeh, professor of economics, was featured in a segment broadcast on KYW1060-AM April 25, 2008, about retail stores offering discounts to customers who exchange their tax rebate checks for store gift cards.

ABC

Dr. Vibhas Madan, head of the Department of Economics and International Business, commented on the price of rice on WPVI-TV (ABC-6) on April 24, 2008.

New York Times

"Everyone assumed the credit agencies knew what they were doing," says Joseph Mason, a credit expert at Drexel University. "A structural engineer can predict what load a steel support will bear; in financial engineering we can't predict as well."

www.actionforex.com

During a speech at Drexel's LeBow College of Business, Philadelphia Fed President Charles Plosser suggested that the fed funds rate may be low enough to support expansion as he said, "on the monetary policy front, the Fed's response to the deterioration of the economic outlook and the turmoil in financial markets has resulted in an accommodative level of real interest rates that should support the market forces that will bring economic growth back toward its long-term trend."

www.guardian.co.uk/

His remarks were in a prepared speech to a conference sponsored by The Global Interdependence Center and Drexel University's LeBow College of Business in Philadelphia.

www.reuters.com

Plosser, speaking at Drexel University's LeBow College of Business, warned against seeing rate cuts as "the solution to most, if not all, economic ills."

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."