Wharton Faculty Discuss Financial Crisis - Sept. '08
More than 1,000 Students Attend Teach-in

Fannie Mae and Freddie Mac are bailed out by the Fed; Lehman Brothers files for bankruptcy; AIG is on the brink of ruin; and the Dow Jones drops 500 points in one day. With the still-unfolding turmoil in the financial markets on September 16, Wharton students packed a one-thousand-seat auditorium to hear Wharton Professors Jeremy Siegel, Richard Herring, Franklin Allen, and Joseph Gyourko take on the issues. MBA students Jennifer Akpapuna and William Hodge, co-presidents of Wharton Graduate Association's Finance Club, helped moderate the discussion.

Hear the faculty speak on how we got here today, and what we can expect in the future.

On the Resilience of American Finance Jeremy Siegel, Russell E. Palmer Professor of Finance, gives a mostly upbeat view, also covered in his op-ed on the crisis, published in the September 16 issue of The Wall Street Journal. 12.5 minutes
Fannie, Freddie, and
the Housing Bust Joseph Gyourko, Martin Bucksbaum Professor of Real Estate and Finance, talks about policy and details the numbers underlying the credit crisis and housing market collapse. 17 minutes
What's Next for Investment Banks Richard Herring, Jacob Safra Professor of International Banking, looks at leveraged loans and other factors besetting investment banks.
15 minutes
Lessons from the Subprime Crisis Franklin Allen, Nippon Life Professor of Finance, takes a long view of the subprime crisis, drawing on an international perspective of financial services. 13 minutes
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