McCombs TODAY

Internet gains vs. Wall Street Innovations
The Hindu, Sept. 9, 2009
Prabhudev Konana is the William H. Seay Centennial Professor and Distinguished Teaching Professor at the McCombs School of Business at The University of Texas at Austin.
There are contrasting value systems at play in the universally beneficial development of the world wide web and the skewed financial [...]

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THE STRANGE POLITICS OF THE FINANCIAL BAILOUT
by David B. Spence, professor of business law
The political process that led ultimately to the passage of the Troubled Asset Relief Program Act of 2008—better known as the “Wall Street bailout”—was a strange one. By the time the mortgage crisis was fully understood, enormous amounts of bad debt had [...]

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The Hindu, December 22, 2008
Prabhudev Konana is a professor in the Department of Information, Risk, and Operations Management.
In the 1980 Presidential debate, Ronald Reagan famously exclaimed to Jimmy Carter’s response on healthcare: “there you go again!” This response seems to resonate once again about unbridled, unregulated free market capitalism. This time it was Bernard Madoff’s [...]

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The Austin American-Statesman sat down with McCombs Finance Lecturer Greg Hallman to get an explanation of the Wall Street meltdown. “The only way [the bailout] is going to cost us $700 billion is if the real estate that backs these bad mortgages goes to zero. So the odds that it will really cost us whatever [...]

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KUT radio, Sept. 16, 2008
News 8 Austin, Sept. 17, 2008
KXAN, Sept. 18, 2008
With a 500-plus point drop on the Dow Jones on Monday, Sept. 15th, Merrill Lynch gone for a fire-sale price, Lehman Brothers all but shuttered and AIG asking for a 40 billion dollar bailout, investors are betting the free fall on Wall Street [...]

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