Media Mentions

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."

USA Today

"This is a much better Christmas gift for borrowers and the mortgage market than the silly (loan) modification plan" announced two weeks ago by the Treasury Department to freeze interest rates on some subprime ARMs, because the Fed aims to cover virtually all subprime loans and then some, said Joseph Mason, finance professor at Drexel University's LeBow College of Business.

The New York Time

“The hedge is only as good as the counterparty, or the other party, to the hedge,” said Joseph R. Mason, a finance professor at Drexel University and the Wharton School of the University of Pennsylvania. “This is part and parcel of the financial innovation that has grown very rapidly in recent years.”(The story was syndicated in the Chicago Tribune and Houston Chronicle.)

KYW-AM (1060)

Dana D'Angelo, director of general business studies, commented on KYW-AM (1060) on December 25, 2007, on LeBow College of Business students' participation in a nationwide marketing contest for Subaru vehicles.

WPVI-TV (ABC-6)

Drexel marketing professor Stanley Kligman says last week's storms threw in another monkey wrench. "Last week was a bad week. It was cold, snowy, rainy, and gas prices were high. People did not come to malls as returns would have like them to have," Professor Kligman said.

delawareonline.com

One such amateur covered-bridge photographer is Roger McCain, an economics professor at Drexel University who in 1994 created a Web site dedicated to old covered bridges in southeastern Pennsylvania, Delaware, Maryland and New Jersey.

WashingtonPost.com

The fact of the matter is, most everybody in the industry, certainly analysts, never thought too deeply about these instruments," said Joseph Mason, associate professor of finance at Drexel University in Philadelphia. "The analysts didn't think about the instruments – whether they be RMBS, CDOs or SIVs – as anything different than the typical kind of investment like an equity." He was referring to residential mortgage backed securities, collateralized debt obligations and structured investment vehicles.

Timesleader.com

They will compete with students from the University of West Florida, Drexel University, the University of North Carolina Greensboro and the graduate program at Fairfield University for cash prizes ranging from $500 to $2,500.

CNBC's "Squawk Box"

Dr. Joseph Mason, associate professor of finance, commented on municipal bond ratings on CNBC's "Squawk Box" on December 10, 2007.

CNBC's "Squawk Box"

Dr. Joseph Mason, associate professor of finance, commented on municipal bond ratings on CNBC's "Squawk Box" on December 10, 2007.

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.