Special Report: U.Va. Experts Discuss the Economic Crisis
The economy has dominated the headlines in recent weeks. It’s also been on the minds of faculty members around the University. Here’s a look at what some are saying.
Geis Tackles Hard Questions Law Professor George Geis, an expert in business law, answers the questions that we’re all asking:
How big of a deal is the turbulence in the financial markets?
How did it happen?
What should we do about it?
Dean Bruner’s Blog
Robert Bruner, dean of the Darden School of Business, blogs about a variety of business-related topics. In his Oct. 6 post, Bruner writes: “The bonfire of anger about the financial crisis was stoked by the dramatic developments last month—we’ve seen fingers pointed in every imaginable direction: bankers, mortgage companies, corporate executives, government officials, and so on. I think all these pyrotechnics are misdirected. The elephant in the crisis is the crummy saving rate of Americans.”
Whatever Happened to Thrift?
Speaking of savings, another Darden professor, Ronald Wilcox, blogs about the importance of thrift. In his Oct. 12 entry, Wilcox writes: “We are all to blame, collectively and individually. Our banks, our neighbors, and many of us lived a life of cheap credit and easy money—a life we could not afford. The demon lies not in the guilded towers of Wall Street, but in our own souls.”
Darden Panel Digs Deep
A panel of Darden School faculty discusses the ongoing turmoil in the financial markets and looks back to the roots of the current situation—roots that include terrorist activity, relaxed regulations and “creative” mortgage financing.
