Media Mentions

EconomicTimes.com

Joseph Mason, an associate professor of finance at Drexel University in Philadelphia, said the drying up of capital for investors and banks that rely on that financing to fund leveraged buyouts may begin to weigh on growth. “I’m not saying it will cause a recession, but we could have a low economic growth environment,” Mason said.

BuffaloNews.com

Mason is quoted in an Orlando Sentinel story published on August 27 about overborrowing and a Buffalo News story published on August 26 about collateralized debt obligations.

aei.org

The web site of the American Enterprise Institute for Public Policy Research published an article on August 24 about ratings agencies co-written by Mason.

Businessweek.com

A bank run in Chicago in June, 1932, ended on July 1 when banks simply put out their monthly financial reports, revealing which were in bad shape and which were fully solvent, according to Joseph R. Mason, a professor at Drexel University's Lebow College of Business.

Bloomberg.com

Credit-rating companies may be successfully sued by investors who have lost money on subprime-mortgage securities and other similar bonds, according to a May study by Rosner and Joseph Mason, an associate finance professor at Drexel University in Philadelphia.

DailyWealth.com

The study I'm talking about is called Index Rebalancing and Long-Term Portfolio Performance, by Jie Cai of Drexel University and Todd Houge of the University of Iowa. Cai and Houge did a study of the Russell 2000 Index, composed mainly of small-cap stocks.

dealscape.thedealblogs.com

Mason felt that the major problem is a lack of information, specifically that buyers don't know where the losses lie. Until the information gets through to markets, the situation isn't going to do change. He predicted that "we're in for slow growth until we clear up this information, but not necessarily a recession."

CNN.com

An Associated Press story notes Dr. Joseph Mason, associate professor of finance, as a speaker at a Capitol Hill hearing on the subprime mortage market. The story was syndicated in The Houston Chronicle and on the Web sites of CNN, Forbes, MSN Money and dozens of other sites on Sept. 27, 2008.

CreditMag.com

Dr. Joseph Mason, associate professor of finance, is quoted in a CreditMag.com story published on September 28, 2007, about a U.S. House Committee on Financial Services hearing on the role of credit agencies.

KWY-AM (1060)

Dr. Joseph Mason, associate professor of finance, commented on the subprime mortgage market on KWY-AM (1060) on September 30, 2007, Dr. Mason co-wrote a recent study on the market.

CNBC's "Squak Box"

Dr. Joseph Mason, associate professor of finance, commented on  whether to expect stock volatility or not with regard to the housing market on CNBC's "Squawk Box" on October 2, 2007

Bloomberg.com

"Now a CDO manager will have to run the value model and revise it in light of the new evaluation,'' said Joseph R. Mason, associate finance professor at Drexel University in Philadelphia. "The rating agencies are going to have to do the same thing. Now, they're going to have to go back and rerate the CDO and we have not yet seen those results."

CNNMoney.com

Joseph Mason, an associate professor of finance at Drexel University and a senior fellow at Wharton, argues in a research paper released Wednesday that proposed remedies could actually make things worse and even that troubled borrowers have gotten some benefit from their loans.

National Public Radio's "Weekend Edition"

Dr. Joseph Mason, associate professor of finance, commented on the subprime mortgage loan crisis on National Public Radio's "Weekend Edition" on October 6, 2007.

EarthTimes.org

The Houston Chronicle noted on October 9, 2007, that Drexel University is ranked third among the nation's undergraduate business schools by Entrepreneur magazine and The Princeton Review. The story was syndicated on CNN.com and EarthTimes.org on October 10.

The Houston Chronicle

The Houston Chronicle noted on October 9, 2007, that Drexel University is ranked third among the nation's undergraduate business schools by Entrepreneur magazine and The Princeton Review.

CNN.com

Joseph Mason, an associate professor of finance at Drexel University and a senior fellow at Wharton, argues in a research paper released Wednesday that proposed remedies could actually make things worse and even that troubled borrowers have gotten some benefit from their loans.

Bloomberg.com

"Paulson definitely has the cachet to bring everyone to the table, because of his long experience on Wall Street,'' said Joe Mason, associate professor of business at Drexel University in Philadelphia and a former financial economist at the Treasury's Office of the Comptroller of the Currency.

RealtyTimes.com

At a conference organized by the Hudson Institute, two mortgage securities market experts-Joseph R. Mason, an economics professor at Drexel University, and Joshua Rosner, managing director of hedge fund adviser Graham Fisher & Co.-said the relaxation of lending standards during the housing boom years has led to a rising tide of subprime borrower delinquencies, and could send investors scurrying to the exit door, especially if home values also decline.

PhillyBurbs.com

Subprime refers to the loan, not the borrower, said Joseph Mason, a professor of finance at Drexel University. It's a loan that allows the borrower to borrow more than they would otherwise be eligible for, by lending you an amount that's way above your means.

CNN.com

Babson College and The University of Arizona took the second and third spots for top graduate programs, respectively. For the undergraduate program ranking, the University of Houston and Drexel University were second and third. A nearly 30% increase in participating schools with this year's ranking underscores the growing number of entrepreneurial courses nationwide and the established mainstream appeal of business ownership.

MSN.com

Babson College in Wellesley, Mass., topped the list of undergraduate programs, with University of Houston, Drexel University, The University of Arizona and UD rounding out the top 5.

RiskAndInsurance.Com

"I can't really point a finger at one factor, because it comes down to an aggregation of things that all arose around the same time," says Joe Mason, a finance professor in the LeBow College of Business at Drexel University in Philadelphia and an expert on collateralized debt obligations(CDOs).

Economist.com

"Joseph Mason, who teaches finance at Drexel University, was one of the first to warn that subprime defaults would have dangerous consequences for the financial-services industry. He has now written a paper, “Mortgage Loan Modification: Promises and Pitfalls”, illustrating the problems…"

Philadelphia Business Journal

"I think people have become more sensitive to all these issues since the Enron and WorldCom scandals," said Eliezer Fich, an assistant professor of finance at the LeBow College of Business at Drexel University. "On TV, you saw lavish parties thrown by these CEOs who flew their entire families and a lot of other people, and they had these great parties with ice sculptures, etc., etc. Shareholders were footing the bill."

The Morning Call

Joseph Mason, a finance teacher at Drexel University in Philadelphia who also has worked for the U.S. Treasury and subprime lender Ameriquest, said the market should work itself out.It's unfortunate when families are hurt, Mason said, but bailing out people who he says made bad decisions sends the wrong message to people who paid their bills. That and other bailout measures also could dry up the funds for the people who need help by interfering in the marketplace, he said.

International Business Times

"This is like selling liquor to a minor without carding them, or selling a hand gun and saying they're not being used to kill people," said Joseph Mason, an associate professor of finance at Drexel University in Philadelphia. "They are selling these ratings, and the label says don't use it for investment purposes. That's clearly not the case."

StarNewsOnline

Joseph Mason, a finance professor at Drexel University, says it could be an uphill battle for investors to prove that financial institutions were negligent or committed fraud.Still, he agrees the housing market crisis could result in more lawsuits and a more severe financial impact than Enron and other market meltdowns."There are so many more investors and there are so many more levels of investment exposure to the sector," Mason said. "These are widely held investments."

MSNBC

“He's not telegraphing any rules,” said Joseph Mason, finance professor at Drexel University.  “Greenspan made very clear what the rule was: Markets get into trouble, we're going to bail you out. Bernanke's not being clear about that rule, and I think that goes back to Bernanke's experience and understanding of financial crises over his academic career and his in-depth study of financial crises as well.”

Inman News