A Former U.S. President and Current Members of Congress Praise Recent Research from Michigan Ross Professors, Highlighting the Impact

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It may be summer, but Michigan Ross professors Jeremy Kress and Sarah Miller are dialed in, and their research is being shared, cited, and praised by several very big names on social media, in the news, and even on the floor of the U.S. House of Representatives.

Speaking in front of the House Financial Services Committee on the proposed merger of SunTrust and BB&T this week, U.S. Rep. Chuy Garcia quoted from an American Banker op-ed that Kress wrote on the Federal Reserve being a rubber-stamp for bank mergers, approving 95 percent of mergers in 2018. The SunTrust-BB&T merger would create a “megabank,” the sixth-largest in the U.S., which is why Kress, a former Fed attorney, argues the Fed should closely review the potential merger due to the role such entities played in the last financial crisis. 

In addition to having his thoughts read in Congress, Kress also commented in the Washington Post on the risks posed by the big bank merger, and the author used screenshots from several of his related tweets in the article. 

“One of the most salient lessons from 2008 is that banks can pose a threat to average Americans, their livelihoods,” Kress told the Washington Post. “This merger is creating another large financial institution, and I think that there is some legitimate concern.”

It was also a busy week for professor Sarah Miller, whose latest research paper found the expansion of Medicaid under the Affordable Care Act resulted in lower mortality rates from fewer disease-related deaths. The findings of the paper have sparked lots of media attention, including articles in the Los Angeles Times, Salon, and Vox, among others. Former President Barack Obama even shared the article on Twitter. 

“Here are a couple of articles backed by new research that are worth taking a look at: A new study on the Medicaid expansion my administration fought for under the Affordable Care Act—and how these policy decisions affect lives in real terms,” Obama tweeted.

Not only did the former president tweet the article to his more than 100 million followers, Miller also ran into U.S. Senator and Democratic presidential candidate Elizabeth Warren, who, Miller tweeted, gave her positive feedback on the paper. Warren also tweeted Miller’s paper, along with former U.S. Rep. and fellow Democratic presidential candidate Beto O'Rourke.

Kudos to these two Michigan Ross professors for being recognized at the highest levels for their research on these incredibly important topics.