Wharton provides timely analysis and insight into the origins of the financial crisis, how it's affecting our economy, and what we can expect for the future. Check this page frequently as news posts and information will be added regularly.
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Recently published:
Economic Recovery: Are Happy Days Here Again?
Wall Street has just seen a two-month rally that included a whopping 39% rise from the recent rock-bottom prices on the Standard & Poor's 500. In addition, during several consecutive weeks, new U.S. jobless claims have dropped. Even quarterly reports from the battered banking sector have given investors some optimism that the worst-case scenarios will not happen. MORE (June 10, 2009)
Neel Kashkari on the Financial Crisis: 'Our Nation Will Emerge Stronger' Q&A
On May 18, Neel Kashkari, former interim head of the Treasury Department's Office of Financial Stability, spoke at Wharton's San Francisco campus. The speech covered his views on the causes of the crisis; the reasons why the Treasury Department had to seek authority to set up a $700 billion bailout program; how that authority was used to keep the financial system from collapsing; and where the economy is headed. After the lecture, Kashkari discussed these issues with members of the audience. Knowledge@Wharton presents a video report of the lecture and discussion.
MORE (June 11, 2009)
Reforming the Ratings Agencies: Will the U.S. Follow Europe's Tougher Rules?
The financial crisis has provided an unexpected crash course on credit rating agencies, such as Moody's, Fitch and Standard & Poor's, which stamped triple-A ratings on a broad spectrum of subprime mortgage securities -- implying that they were nearly risk free -- then back-pedaled when the debt collapsed, taking with it the global economy. MORE (May 27, 2009)