Thursday, June 19, 2008
Professor Michael Greenberger
St. Petersburg Times - With the price of gas at more than $4 a gallon and climbing each day, lawmakers and financial experts are questioning the role oil speculators play in driving up costs. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "Right now the market is overwhelmed by speculators. %85 If they’re not policed, speculators will distort the market and drive the price in any direction they want to take it."
Wednesday, June 18, 2008
Adjunct Professor Andrew Levy
WMAR-TV, ABC2News.com, WBAL-TV, WBAL.com, WJZ-TV, WJZ.com - Adjunct Professor Andrew Levy, JD, of the School of Law appeared on numerous telecasts to discuss various legal aspects of the state investigation into Baltimore Mayor Sheila Dixon. He discussed the process of obtaining warrants, the impact of the search ("it’s a humiliating experience"), the function of the Office of the State Prosecutor, and the presumption of innocence of the person at the center of the search.
Wednesday, June 18, 2008
Professor Michael Greenberger
WTTG, Ch. 5 - Residents of Montgomery County who signed up to receive e-mail alerts in the event of an emergency were not notified of a catastrophic water main break this week that had the potential to contaminate water. The reason: the two county employees trained in the system were on vacation. Michael Greenberger, JD, professor at the School of Law and director of the Center for Health and Homeland Security, said "normally a personal assistant who knows nothing about communication takes a course within the company so that if he or she is the only one there, they know how to run the system."
Wednesday, June 18, 2008
Professor Michael Greenberger
MotherJones.com - After printing an in-depth piece about former Sen. Phil Gramm’s role in paving the way for the soaring cost of oil and the subprime meltdown, Mother Jones was lambasted by a writer in the National Review. In the Mother Jones article, Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said that credit default swaps, a financial instrument deregulated by a bill sponsored by Gramm, have been "at the heart of the subprime meltdown."
Tuesday, June 17, 2008
Professor Michael Greenberger
CBS Evening News, 7 p.m. - A significant amount of oil futures contracts are traded on so-called "dark" markets away from the watchful eye of U.S. regulators and experts argue unmonitored trading on those markets is partly responsible for what you pay at the pump. Michael Greenberger, JD, professor at the School of Law and a former director at the Commodity Futures Trading Commission, said, "If you can trade out of the sight of U.S. regulators, you can manipulate those markets."
