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Article: UVa-Darden Business Experts Offer Perspective on the Financial Crisis of 2008.
- Article from:
- Business Wire
- Article date:
- September 30, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Panel explains how the crisis got started and where we are today
CHARLOTTESVILLE, Va. -- "I don't think we want to stand here and play chicken with the Great Depression," said Peter Rodriguez, associate professor of business administration at the University of Virginia's Darden School of Business. Rodriguez joined a panel of six Darden professors to shed light on the events leading up to the failed $700 billion rescue of the financial industry.
The panel discussed how the complex, cause-and-effect interplay of terrorist activity, Federal Reserve policy, relaxed regulation and creative mortgage financing over the last nine years created a climate of poor ...