GSB Opinion Sought as Debate Continues on Financial Crisis

Ever since the economic crisis struck in September, the media have turned to GSB faculty for explanations, for their expertise, and for their opinions.

You can also read the Becker-Posner Blog for ongoing posts by Nobel Iaureate Gary Becker.

The Initiative on Global Markets also has several pieces by faculty members that are of interest.  They are listed at the bottom of this page.

October 30, 2008
“SEC’s Cox Says Fair-Value Rule Needs ‘Further Work,’” Bloomberg.com, Raymond Ball
October 29, 2008
“A See-No-Decline Mentality: Many Can’t Bear to Look at How Far Their Savings Have Fallen,” Chicago Tribune, Emir Kamenica
October 28, 2008
“Barbarians at the Gate 2.0,” Economist, Steven Kaplan
October 27, 2008
“Good Times Breed Bad Times,” Newsweek, Raghuram Rajan “The Big Bank Bailout: Are You Next?” Time, Anil Kashyap “Cramdown: How To Fix The Credit Mess Without A Government Bailout: Quickie Bankruptcies” Forbes, Luigi Zingales
October 25, 2008
“Inclusion and Regulator’s dilemma,” The Economic Times, Raghuram Rajan
October 23, 2008
“Heyday of hedge funds is over, Citadel's Ken Griffin predicts,” Chicago Tribune, Raghuram Rajan “A Helping Hand to Homeowners,” The Economist, Luigi Zingales
October 22, 2008
“Another U.S. stimulus package needed: Citadel Chief” Raghuram Rajan, Reuters “Academic Views of the Financial Mess,” Freakonomics blog on the New York Times, Anil Kashyap “Turning Japanese: Are We Reliving Tokyo’s Economic Nightmare?” New Republic, Luigi Zingales
October 19, 2008
“Is the Goose that Laid the Golden Egg Severely Wounded?” The Becker-Posner Blog, Gary Becker
October 15, 2008
“Bank-Equity Plan Faces Tests,” Chicago Tribune, Raghuram Rajan “U.S. Stake Less than Britain’s,” San Francisco Chronicle, Anil Kashyap
October 14, 2008
“A Thumbs UP from the Ivory Tower,” Wall Street Journal, Anil Kashyap, Raghuram Rajan, John Cochrane
October 13, 2008
World News Tonight with Charles Gibson, ABC, Raghuram Rajan
October 12, 2008
“What Next? What G7/8 Leaders Can Do To Solve The Global Credit Crisis,” a VoxEU.org Publication by the Centre for Economic Policy Research, by Douglas Diamond, Raghuram Rajan, Luigi Zingales
October 11, 2008
“Plan B,” Vox, Luigi Zingales
October 9, 2008
“Will Paulson's Bank Plan Finally Unfreeze Credit?”, Time, Anil Kashyap "Can U.S. Still Claim It's A 'Free Market'?”, National Public Radio, Anil Kashyap "Get Real About the Financial Crisis", Wall Street Journal, Christian Leuz “What next?” Vox, Douglas Diamond, Anil Kashyap, Raghuram Rajan “Mounting Economic Anxieties Ripple Across the Globe,” PBS, Richard Thaler
October 8, 2008
“Mounting Economic Anxieties Ripple Across the Globe”, PBS, Richard Thaler
October 7, 2008
"We're Not Headed for a Depression", Wall Street Journal, Gary Becker
October 6, 2008
Washington Journal (video), C-SPAN, Luigi Zingales "Testimony on the Causes and Effects of the Lehman Brothers bankruptcy", the House of Representatives website, oral and written testimony, Luigi Zingales
October 5, 2008
"Government Equity in Private Companies: A Bad Idea” on the Becker Posner Blog Gary Becker
October 3, 2008
“The Reckoning: Agency’s ’04 Rule Let Banks Pile Up New Debt,” New York Times, Leonard Bole, ’82 (XP-49)
October 2, 2008
"Why the Bailout Plan Would Be a Disaster" Freakonomics Blog, New York Times, John Cochrane “Morningstar Shines Despite Economy’s Dark Passage,” BNET Industries, Joseph Mansueto, AB ’78, MBA ’80
September 30, 2008
U of C Heavyweights Weigh in on Bailout, Chicago Tribune, Anil Kashyap, John Conhrane, Douglas Diamond
September 29, 2008
"Pay Curbs May Weaken Bailout", Wall Street Journal, Steven Kaplan "Debating Paulson's Bailout: It's a Big Price", New York Sun, Luigi Zingales "Bailout legislation set for vote”, Chicago Tribune, Anil Kashyap "A Lazy, Cowardly Bailout”, Forbes, Luigi Zingales
September 28, 2008
“Financial Crisis, Bailout Has Ripples Past Wall Street”, ABC News, John Cochrane “US academics query bank rescue plan”, Financial Times, Eugene Fama “A $700 billion question”, Chicago Tribune, Raghuram Rajan “What $700B can't buy: a crystal ball”, Chicago Tribune, Raghuram Rajan “The great $700 billion economic hold-up”, Times Online, Luigi Zingales
September 27, 2008
"Economist Leads Push Against The Bailout", NPR, John Cochrane “As deal neared, games began” , Chicago Tribune, John Cochrane
September 26, 2008
“Fixing the Paulson Plan”, Wall Street Journal Asia, Douglas Diamond, Steven Kaplan, Anil Kashyap, Raghuram Rajan, and Richard Thaler Erik Hurst on the Risks of Re-Regulation, Freakonomics Blog, Erik Hurst “Rescue Plan's Critics Offer New Proposal”, NPR, Luigi Zingales
September 24, 2008
“Considering the Alternatives: What are the Options Around a $700 Billion Bailout?”, NPR, Luigi Zingales “Let's Get the Bank Rescue Right”, Wall Street Journal, Luigi Zingales
September 23, 2008
“Rescue must weigh safety vs. freedom”, Chicago Tribune, Douglas Diamond “The $700 billion bailout battle begins”, Chicago Tribune, Anil Kashyap “Economists on the Bailout”, Freakonomics blog, Anil Kashyap
September 22, 2008
“THE SITUATION ROOM $700 Billion Bailout: Barack Obama Lays out Economic Reform Proposals”, CNN, Austan Goolsbee “The $700 Billion Question”, New York Times, Anil Kashyap
September 21, 2008
“A Bad Bank Rescue”, Washington Post, Raghuram Rajan “Sidelined in U.S. crisis, IMF's day may still come”, Reuters, Raghuram Rajan Can America Afford It?, Boston Globe, Luigi Zingales Government Bailouts Common, But Effectiveness Debatable, Associated Press, Sam Peltzman, Professor Emeritus
September 20, 2008
“Government might turn profit, but the devil is in the details”, Chicago Tribune, Douglas Diamond Bailout: 'Whatever It Takes', Chicago Tribune, Sam Peltzman, Professor Emeritus In Turmoil, Capitalism in U.S. Sets New Course, Wall Street Journal, Robert Aliber, Professor Emeritus
September 19
“What’s Happening and What the Government Should (and Shouldn’t) Do About It" (video), Initiative on Global Marketing, Brian Berry, Anil Kashyap, Raghuram Rajan, and Luigi Zingales “Desperate times need the right measures”, Financial Times, Raghuram Rajan “Domino Effect of Takeovers Pushes Bernanke, Paulson to Congress”, Bloomberg.com, Raghuram Rajan “Reversing Course, Investment Banks Seek Shelter”, NPR, Raghuram Rajan “Government To Buy 'Toxic Waste' For You", NPR, Raghuram Rajan “U.S. bailout is bitter pill for free marketeers”, Rueters, Raghuram Rajan
September 18
“Diamond and Kashyap on the Recent Financial Upheavals”, Freakonomics blog, New York Times, Douglas Diamond and Anil Kashyap “Are We Depressed Yet?”, New York Times, Nicholas Epley “Worst Crisis Since '30s, With No End Yet in Sight”, Wall Street Journal, Anil Kashyap “U.S. markets overrun by crisis of confidence”, Chicago Tribune, Anil Kashyap

Initiative on Global Markets

• Even Desperate Times Need the Right Measures, Raghuram Rajan
  
• The Financial Crisis:  Where Do We Go Now?, John Cochrane
  
• It Is No Longer Illiquidity, Raghuram Rajan