Media Mentions

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.

CNNMoney.com

Associated Press story published on February 12, 2008, for participating in a panel discussion at the Washington-based Hudson Institute on the role of bond insurers. The story was syndicated on CNN.com, Forbes.com, BusinessWeek.com and several other Web sites.

Philadelphia Inquirer

If jobs data don't show a recovery, broader measures do show exports are catching up with imports, said Shawkat Hammoudeh, a Drexel University professor of economics and international business.

CN8

The rebroadcast of the "How to Get a Job" episode also featured Dr. George P. Tsetsekos, dean of LeBow College of Business and Dr. Donna M DeCarolis, head of the management department in LeBow College of Business and academic director of the Laurence A. Baiada Center for Entrepreneurship in Technology.

ESchoolNews.com

The following students received scholarships through the program: Nicole Smith, Ball State University; Greg Turcotte, California State University, Chico; Lora Atanasova, Drexel University; Matthews McGarity, Penn State University; Scott Pudlewski, Rochester Institute of Technology; Arthur Cardillo, Villanova University; Kyle Raschen, Villanova University; Marie Chapman, Western Michigan University; Richard Pode, Western Michigan University; and Noah Pascarell, Widener University.

City Paper

Lisa DeLuca, assistant director of student services at Drexel's LeBow College of Business, says the best way to begin networking is setting up informational interviews with attractive employers in the student's preferred field.

Sunday Tribune

"I find it really improbable that this trader was not abetted by at the very least incompetence, if not assistance from others, " said Joseph Mason, a risk-management researcher and professor of finance at Drexel University in Philadelphia. "Ultimately, we're talking about a breakdown of fundamental operational controls."

Bloomberg.com

``I find it really improbable that this trader was not abetted by at the very least incompetence, if not assistance from others,'' said Joseph Mason, a risk-management researcher and professor of finance at Drexel University in Philadelphia. ``Ultimately, we're talking about a breakdown of fundamental operational controls.'' syndicated in Financial Week

Philly Metro

“When people use it to pay credit cards, its impact on the economy is not going to be as direct as if we use it to go buy new things,” said Drexel University professor Shawkat Hammoudeh.

Bloomberg.com

Banks, emboldened by three years of record profits, failed to heed warnings of their risk managers or give them enough power and data to do their jobs, says Joseph Mason, a professor of finance at Drexel University in Philadelphia who researches risk management.

CNNMoney.com

"There is great uncertainty about the impact of those [bond] defaults in a world of structured finance and credit-default swaps," said Joseph Mason, a professor of finance at Drexel University. "Where credit default swaps were issued for speculation, losses in the sector will magnify - rather than offset - losses from any given default," he said in emailed comments.

Marketwatch.com

"People need to face reality and think real hard before undertaking government-controlled re-capitalizations of weak institutions," said Joseph Mason, associate professor of finance at Drexel University and a critic of the bond insurance industry. "Are they weak for liquidity reasons or weak because of poor decisions and business models? In the latter case, a re-capitalization by the government may not make sense."

Winston-Salem Journal

Syndicated Report from the Washington Post:“Those infusions of capital have been crucial to maintaining performance to date,” said Joseph Mason, a finance professor at Drexel University in Philadelphia. “If foreign investors should significantly retreat from U.S. markets, that leaves us to our own recovery. In that case, the current credit crunch will continue to bite and we maintain a very high risk of recession.”

The New York Times

“The most damning effect is on the value of bond insurance itself,” said Joseph R. Mason, a professor of finance at Drexel University and the Wharton School, both in Philadelphia. “The big question that should be asked for issuers is: ‘Why should I buy bond insurance?’ ”

CN8 "Your Morning"

Dr. Rolph Anderson, chair professor of marketing in the LeBow College of Business, commented on CN8's "Your Morning" on January 18, 2008, on cutting employee costs.

Bloomberg

Dr. Joseph Mason, associate professor of finance, commented on Bloomberg’s “The First World on Business” on January 17, 2008, and “On the Economy” and “In Focus” on January 16 on financial and housing markets.

CNBC's "Squak Box"

Dr. Joseph Mason, associate professor of finance, commented on CNBC's "Squawk Box" on January 14, 2008, on the outlook for the equities market.

Science Now

Rajneesh Suri, a marketing professor at Drexel University in Philadelphia, Pennsylvania, calls the study an example of how consumers use pricing information as a proxy for quality.

Axcess News

And to the degree that money became artificially cheap, the resulting excesses can't last, economists say. "Eventually you're going to the pay the price," says Joseph Mason of Drexel University in Philadelphia.

Wall Street Journal

The Wall Street Journal on January 10, 2008, notes Dr. Joseph Mason, associate professor of finance, in a story about the business model for U.S. banks. Dr. Mason is also quoted in a story published on AxcessNews.com and Yahoo.com on January 10, 2008, about the world banking system.

Kansas City Star

Joseph Mason, who teaches finance at Drexel University, said Durbin's bill 'is akin to taking away real value from the lender and giving that value to the borrower.'

WBBR-AM's (NBC-ABC)

Dr. Mason commented on the subprime market on WBBR-AM's (NBC-ABC) "Morning Drive" on January 1, 2008.

The Philadelphia Inquirer

"The fact of the matter is, most everybody in the industry, certainly analysts, never thought too deeply about these instruments," said Joseph Mason, an associate professor of finance at Drexel University. "In fact," he said, "they're very different from equities, and they're very different from even traditional debt instruments. . . . It's a world that was really ill-suited for traditional equity analysts and even traditional debt analysts."