Harry Rady News

Although Ernest Rady is known as a man who has always shied away from the limelight, he did not let that stop him from donating $30 million to the School of Management of the University of California at San Diego in early 2004.

Ernest is the father of well-known investment manager Harry Rady of Rady Asset Management.

The School of Management will bear his name with the hope that the Rady School of Management will one day be as influential and well known as U of P’s Wharton School or the Kellogg School of Northwestern University.

Rebecca Jarvis of the popular CNBC financial news program “Closing Bell” interviewed Harry Rady of Rady Asset Management located in San Diego, California along with Alex Sanchez, the President of the Florida Banker’s association, on March 3, 2009. In wake of the “economic free fall” the U.S. economy has been experiencing, Harry Rady shares his thoughts on what creative action the U.S. government might take in order to boost the economy and help homeowners maintain economic health and security. Rady suggests in this interview that the U.S. government should initiate a 4% mortgage program which he believes will refinance all these “toxic mortgages” off the balance sheets and put between $2,000 and $4,000 into the hands of every homeowner. In response to Rebecca Jarvis’s question of how this action would help increase cash flow to small business in America, Rady responds that in order to get the economy back on its feet we must begin with the housing industry. Hear and see the interview below.