10/28/2008 Elaine Meinel Supkis The world's biggest economies are dropping interest rates to 0% while the smaller nations are being forced to raise rates to over 18%.  All smaller currencies are dropping against the yen but finally, the G7 got the yen to weaken slightly and this has caused grea...

Today's Wall Street Journal profiles H. Rodgin "Rodge" Cohen, Chairman of Sullivan & Cromwell.  Here at "Adam Smith, Esq.," we're not into gossip and we're not into profiling celebrities (well, celebrities in our world, anyway) for the sake of same—unlike some site...

I. Introduction When the housing crisis was at its lowest point, entire neighborhoods were experiencing the possibility of foreclosure as residents defaulted on their mortgage payments. Foreclosures and consumer defaults have not only damaged the housing market but also have affected financial insti...

I. Introduction When the housing crisis was at its lowest point, entire neighborhoods were experiencing the possibility of foreclosure as residents defaulted on their mortgage payments. Foreclosures and consumer defaults have not only damaged the housing market but also have affected financial insti...

I have to give Treasury secretary Henry Paulson credit because he had me fooled.  I was all for a government "bailout" to add liquidity to the financial system.  And despite some flaws, I thought Paulson's plan had merits.  Aside from the lack of specifics...

Here is your single's love horoscopefor Friday, September 26: Lately, you've been way too hard on yourself. It's important to stay track with your relationship goals, but that doesn't mean you should be overly critical regarding missed milestones. Cut yourself some slack. one of the oddities of the ...

How the Masters of the Universe ran amok and cost us the earth Video CBI economist Lah Wai Co on the financial crisis « Previous « Previous Next » Next » View Gallery ADVERTISEMENT var adPos = 0; if (top != self) { try { adPos = parent.GetNextAdNum(); } catch(err) { adPos = parent.parent.GetNext...

If you're going to launch a new website devoted to business news, then doing so on the biggest day for business news in living memory is probably a good thing, on balance. Naturally, The Big Money leads today with a story about Lehman, taking the Slatishly contrarian stance that it should have been ...

This is how the cover story of the current issue of Fortune starts out: It was the second week of October 2006. William King, then J.P. Morgan's chief of securitized products, was vacationing in Rwanda, visiting remote coffee plantations he was helping to finance. One evening CEO Jamie Dimon tracked...

Well, you’ve all likely heard the news that you’re all owners of the worlds largest mortgage banks.  Fannie and Freddie should have been put out of our misery some decades ago but, given that they were born at the pen of the government and coddled by the same, it’s little wonder t...