MEDIA ALERT: February 10, 2009

For financial, business and economic reporters, editors and producers
Contact: Carrie Handwerker, 301-405-5833, chand@rhsmith.umd.edu

UMD Finance Professor Available for Comment on Financial Rescue Plan

Dr. Albert S. “Pete” Kyle, the Smith Chair Professor of Finance at the University of Maryland’s Robert H. Smith School of Business, can dissect the $1.5 trillion financial system rescue plan announced today. Kyle is an expert on the banking industry and financial markets and closely follows the housing market and its impact on bond markets. Kyle is the co-author of the SEC’s investigation and audit of its actions leading to Bear Stearns collapse, “SEC’s Oversight of Bear Stearns and Related Entities: Broker-Dealer Risk Assessment Program,” published on Sept. 25, 2008. He also served as a staff member on the Brady Commission after the stock market crash of 1987 and has been a member of NASDAQ’s economic advisory board. The Smith School has an in-house ReadyCam broadcast facility for live or taped interviews via fiber-optic line for television or multimedia content.

Kyle has strong thoughts about how the financial system rescue plan should be implemented. He can talk about:

• The potential flaws in Treasury Secretary Timothy Geithner’s financial rescue plan, which could again leave banks too highly levered and too undercapitalized
• Why nationalization of banks is the best option to save the financial system
• The best way to stimulate the economy
• Why the U.S. economy could be doomed to a fate like Japan’s economy that floundered for years from ineffective government involvement

Contact Information
E-mail: akyle@rhsmith.umd.edu; Office Phone: 301-405-9684; Mobile Phone: 919-225-9696