William & Mary

Bailout not only solution to fiscal crisis, law professor says

  • Understanding the current financial crisis
    Understanding the current financial crisis  Eric Kades (School of Law) suggests that investors had "due diligence" to know risks.  
Photo - of -

The fiscal rescue plan passed by Congress in recent weeks has, thus far, failed to calm jittery financial markets. William and Mary Law Professor Eric Kades says the bailout might not be the only option.

“The legal system may have failed us here,” Kades said in a recent interview. “One of the best ways to maintain incentives and deal with these financial difficulties is to run these companies through bankruptcy quite quickly.”

Kades will take part in a panel discussion of the crisis Wed., Oct. 15 on the William and Mary campus. Other panelist will include John Merrick, Richard S. Reynolds associate professor of business and John Boschen, Brinkley-Mason professor, Mason School of Business; and Till Schreiber, assistant  professor of economics, College of William and Mary. Dick Ash, clinical professor of entrepreneurship and private equity at the Mason School of Business at the College of William and Mary will serve as moderator.

The forum will feature a discussion about the current financial situation and thoughts for the future. The event will begin at 6 p.m. in the auditorium in the William and Mary Office of Admission. It is free and open to the public.

This event will be steamed live on the William and Mary web site.  To visit that page, click here.