Wharton professor analyzes the crisis

Penn professor Jeremy J. Siegel in his office at the Wharton School. He says troubled U.S. financial institutions may be too scared to take on any more loans: "When you see Lehman Brothers go down, who are you going to trust out there? After 25 years of drought and two days of too much rain, Philadelphia has its championship. It felt like a dream, but it wasn't. You are wide awake and the Phillies really are World Series champions. They beat the weather and the Tampa Bay Rays, 4-3, to earn just the second title in franchise history. WHEN Christian Marrone, state Sen. Vince Fumo's son-in-law and then-aide, suggested an overhaul for the South Philadelphia nonprofit organization that Fumo founded, Fumo refused, fearing a professional manager observing its activities could "blackmail" him.
Originally from: http://www.philly.com/philly/hp/news_update/20081020_ANALYZING_THE_CRISIS.html

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