In a recent commentary, Jeremy J. Siegel examined the ongoing problems in the banking system and the potential effects of a two-year stimulus package proposed by the Obama administration. Siegel is a professor of finance at the Wharton School of Business at the University of Pennsylvania.
In his January 16 commentary, Siegel pointed out that most of a proposed governmental stimulus program would not be felt until late 2009 or 2010. However, he stated that the economic downturn could be arrested by the second half of 2009. Please click here for his commentary.