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SDSU experts share adviceWhen the foreclosure rate jumps and big bank losses make the news, you can be sure SDSU finance professors are discussing it in their classes.“I tell my students that it is a bad time for the real estate market but it is a very good time for them to learn from others’ mistakes and get prepared for their future career,” said An, who teaches real estate finance. “Second, I teach them business ethics so maybe in the future we can avoid another mortgage market nightmare, like this one caused partially by shady lending.”Even if none of Varaiya’s students turns out to be the next Federal Reserve chair, he says they can positively impact the economy by applying their financial education to make wise choices as consumers.“I hope that we are teaching our students – as consumers and as people who may some day work in the finance industry – to be fiscally responsible,” Varaiya said. “I hope it would not be an SDSU finance graduate who sees these teaser loans and throws caution to the wind.”With this advice from SDSU economists and alumni, you too can safeguard your money, relieve the financial strain and get back on track if you find yourself unemployed or about to be.
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