Darrell Duffie, a finance professor at Stanford, said: "The new rule is a measured response.
So argues the Chicago finance professor Raghuram G. Rajan in his convincing recent book, "Fault Lines".
Are you kidding?' " said James J. Angel, a finance professor at Georgetown University.
Maybe not, said Lubos Pastor, a finance professor at the University of Chicago.
"Timing is everything," said Donna Hitscherich, a finance professor at the Columbia Business School.
Two researchers who have studied these patterns are Malcolm P. Baker, a finance professor at Harvard Business School, and Jeffrey Wurgler, a finance professor at New York University.
Campbell R. Harvey is a finance professor at Duke University's Fuqua School of Business.
Peter Cohn is a documentary filmmaker, and his wife, Ski Cohn, is a finance professor.
Terrance Odean is a finance professor at the University of California at Berkeley.
"All the local governments were drunk with money," says Mr. Kest, the finance professor.
