Fact, fiction and speculation run rampant in the wake of the Lehman Brothers Chapter 11 bankruptcy filing that shook the worldwide financial community September 15. The impact ranging from Wall Street to London to Hong Kong and beyond was as devastating as the events of 9/11. The end of the continuing saga remains to . . . → Read More: AIG And Lehman Brothers’ Aftermath: Are Taxpayers Willing To Fund Private Mistakes?
Cristian Mitreanu submits this question via email:
I would like to hear your thoughts on the subject of “economic thought vs. business thought.” Is there such thing? If yes, should this distinction be made?
He raises the question in concert with an initiative he is proposing, intended to start a discussion about the current . . . → Read More: Economic Thought vs. Business Thought and the Shortcomings of Both
The present financial crisis has resulted in an increase in the number of lawsuits filed in the country. The mortgage meltdown is forcing financial institutions to leave the negotiating table and turn to the courts to resolve subprime-related disputes with their partners. In the past, large financial institutions often shied away from suing each . . . → Read More: Subprime Crisis Leading to Increased Lawsuits, Studies Show