Session B- Factor that Created and Precipitated the Crisis

Friday, October 10th, 2008 2:00 PM to 4:30 PM


  • Katherine Porter

    Katherine Porter

    Associate Professor, College of Law University of Iowa

    Katherine Porter is an Associate Professor of Law at the University of Iowa. Before joining the Iowa faculty in 2005, she was a Visiting Associate Professor at the University of Nevada—Las Vegas. Professor Porter’s scholarship focuses on consumer credit issues, including mortgages, credit cards, and bankruptcy. She is an experienced empirical researcher whose work has been published in theCornell Law Review, the Michigan Law Review, and the Texas Law Review. She has testified several times before Congress and appeared in national media including ABC Nightline, The Today Show, the New York Times, and National Public Radio. She is a contributor to Credit Slips, a blog about credit. Before entering academia, Professor Porter practiced bankruptcy law in Portland, Oregon, and was a clerk to the Honorable Richard Sheppard Arnold of the United States Court of Appeals for the Eighth Circuit. She earned her J.D. from Harvard Law School.


  • Anthony Pennington-Cross

    Anthony Pennington-Cross

    Professor, College of Business Administration Marquette University

    Anthony Pennington-Cross earned his Ph.D. in Economics from George Washington University, and completed a Post Doctoral Fellowship at the Zell & Lurie Real Estate Center in the Wharton School at the University of Pennsylvania. Dr. Pennington-Cross is an Associate Professor of Finance in the College of Business Administration at Marquette University. He is widely published in academic journals including The Journal of Real Estate Finance and Economics, Journal of Urban Economics, and Real Estate Economics. Recent research has focused on subprime lending in the housing market, house price dynamics, and other and urban and real estate issues. Prior to joining Marquette, Pennington-Cross was a Senior Economist in the Research Division at The Federal Reserve Bank of St. Louis. In Washington, D.C., he served as a Senior Economist at the Office of Federal Housing Enterprise Oversight and as the Director of Research at the Research Institute for Housing America (RIHA), a research organization devoted to extending home ownership to all Americans.

  • Christopher Peterson

    Christopher Peterson

    Professor, S.J. Quinney College of Law University of Utah

    Christopher Peterson is a Professor of Law at the University of Utah. A recognized authority on consumer finance, he has appeared before the U.S. Senate Banking Committee, the Federal Deposit Insurance Corporation, Federal Reserve Board governors, and at the White House. He has lectured widely on credit policy, including recent presentations at Harvard Law School, New York University, and international presentations in Berlin, Lima, London, Warsaw, and Zurich. Professor Peterson is widely published, including a piece discussing subprime home mortgage lending which was recently named the outstanding consumer finance law review article of the year by the American College of Consumer Financial Services Lawyers. In 2007, the National Association of Consumer Agency Administrators named Professor Peterson the nation’s outstanding consumer advocate in recognition of his role in promoting an act of Congress limiting the price of loans made to military service members.

  • Jay Sa-Aadu

    Jay Sa-Aadu

    Professor and Associate Dean, Tippie College of Business University of Iowa

    Jay Sa-Aadu is the Chester A. Phillips Professor of Business Finance and Real Estate, and Associate Dean of the Henry B. Tippie School of Management at the University of Iowa. His research interests include real estate finance and investments, structured finance/asset-backed securitization, real estate investment trust (REITs), and fixed income securities. Dr. Sa-Aadu’s work has been published in the Journal of Real Estate Finance and Economics, and Real Estate Economics. He has also served on the Editorial Boards of the Journal of Housing Research, and Housing Studies, and as a referee for the National Science Foundation. He is a member of the American Real Estate and Urban Economics Association, the Financial Management Association, and the American Economic Association. His current work focuses specifically on default risk and other elements of the U.S. mortgage market. Professor Sa-Aadu earned a Ph.D. and MBA from the University of Wisconsin-Madison, and a B.S. from the University of Science and Technology, Kumasi, Ghana.

  • James Shilling

    James Shilling

    Professor, Department of Finance, College of Commerce DePaul University

    James D. Shilling is the Michael J. Horne Chair in Real Estate Studies at DePaul University. In more than 80 journal articles, studies, books and chapters, he has examined real estate investment trusts and the role of real estate in institutional investors’ portfolios, mortgage securitization, and commercial mortgage default, among other issues. Professor Shilling holds a B.A. from Otterbein College and an M.A. and Ph.D. in economics from Purdue University. From 1990-2006, he taught at the University of Wisconsin, where he was the James A. Graaskamp Professor of Real Estate and Urban Land Economics. At Cambridge University, he held the Grosvenor Professor of Real Estate Finance in the Department of Land Economy. He has lectured at the University of Pennsylvania’s Wharton School and Louisiana State University, and worked for the Federal Home Loan Bank Board. Professor Shilling is past president of the American Real Estate and Urban Economics Association and past editor of its journal Real Estate Economics.