By Larry Doyle on Jan 15, 2012 in Current Affairs, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | View Comments
Will we learn in 2012 if Mary Schapiro, current chair of the SEC, and other then senior executives at the Wall Street self-regulatory organization, FINRA, engaged in a fraud? The case addressing this question, Standard Chartered v FINRA, has been appealed to the highest court in our land. As such, one might think that most [...]
By Larry Doyle on Jan 14, 2012 in Auto Industry, Chicago, Economy | View Comments
* Bumped Up * While driving my truck and listening to Bloomberg Radio, I almost gagged on my coffee. What caused my knee jerk reaction? Let me set the table as to what I heard, prompted my thinking, “You have got to be kidding me,” and why I feel compelled to write this commentary today. [...]
By Larry Doyle on Aug 18, 2011 in Current Affairs | View Comments
BOMBSHELL!!! Since early 2009 I have written at length about the regulatory capture that has dominated the financial industry. I have defined this concept in layman’s terms as the Wall Street-Washington incest. Today a close friend and regular reader of Sense on Cents shares a story which blows the cover off this incest. This story [...]
By Larry Doyle on Aug 6, 2011 in Current Affairs | View Comments
From contributing writer Larry Doyle‘s blog, Sense on Cents. The Wall Street Journal is reporting that Standard & Poors has just downgraded the credit rating of the United States from a AAA rating. This is a HUUUUGE story. What do I see as the implications? 1. Short term lending markets will get tighter and activity [...]
By Larry Doyle on Aug 4, 2011 in Current Affairs | View Comments
I have a soft spot for those within our society whom I believe are preyed upon and ultimately victimized by the perils and pitfalls of modern day finance. I fully appreciate that people need to be held responsible for their personal behaviors and decisions, but we need to acknowledge that the tangled financial web that [...]
By Larry Doyle on Jul 27, 2011 in Current Affairs | View Comments
From my blog, Sense on Cents: If this 5-minute video clip does not capture the spirit and rage that is boiling in our nation, I do not know what does. I thank the regular reader who shared this with me. I commend Jim Garvin for standing up, speaking out, and sharing a healthy dose of [...]
By Larry Doyle on Jul 20, 2011 in Current Affairs | View Comments
I will readily admit I am not a big fan of CNBC’s Jim Cramer. Perhaps it is more Jim Cramer’s style than his substance but for whatever reasons, I very rarely watch his show or follow his work. I will also readily admit I am a HUGE fan of Themis Trading’s Joe Saluzzi. Based upon [...]
By Larry Doyle on Jul 17, 2011 in Current Affairs | View Comments
Although I write primarily on issues directly relating to finance and the economy with a particular focus on investor education and investor protection, when “the most important story in the world in the last 25 years” comes along, as Carl Bernstein has asserted, I am compelled to address it. I have been busy since January [...]
By Larry Doyle on Jul 13, 2011 in Current Affairs | View Comments
While the United States licks its economic wounds and the Obama administration struggles to spin the anemic jobs report, we do not need to look far for positive employment news. Where should we look? Northward, as our friends in Canada are thriving compared to the struggles we are experiencing. Let’s navigate and review the Financial [...]
By Larry Doyle on Jun 21, 2011 in Current Affairs | View Comments
Over the last few years I have highlighted the fact that the deflationary impact of declining wages and home values gave cover to the Federal Reserve for maintaining an excessively easy monetary policy and pumping up asset prices via quantitative easing. That party would now seem to be over. Why? There is no doubt that [...]
By Larry Doyle on Apr 6, 2011 in Economy, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | View Comments
I want to thank a regular reader for prompting me to tune into 60 Minutes this past Sunday evening. Watching CBS’s Scott Pelley evidence how Wall Street banks knowingly and fraudulently engaged in forging mortgage documents made me cringe and vomit as I thought of just how low these financial institutions have sunk in terms [...]
By Larry Doyle on Mar 11, 2011 in Current Affairs | View Comments
– From our friends at the Sense on Cents blog. Tunisia, Egypt, Libya. What nation is next on the hit parade of social unrest in the Middle East? Could it be the oil exporting nation of Saudi Arabia? What would civil unrest in that nation mean to the price of oil and oil-related products worldwide? [...]
By Larry Doyle on Mar 1, 2011 in Current Affairs, Economy, Wall Street | View Comments
“Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.” With those words on Sunday evening, Charles Ferguson, the winner of the Academy Award for Best Documentary for his film Inside Job, did [...]
By Larry Doyle on Feb 22, 2011 in Current Affairs | View Comments
Real long term success and greatness are founded upon the principles that people do not lie, cheat, or steal. Our nation is neither succeeding nor is great at this point in time because we have allowed these vices to grow and spread throughout our society. Shame on us. Our nation does have the potential to [...]
By Larry Doyle on Feb 9, 2011 in Current Affairs | View Comments
Cut the deficit? Promote jobs? Stimulate the economy? Get re-elected? What’s a President to do? In the short term, is there any doubt that Barack is fully supportive of Ben Bernanke’s ongoing backdoor bailouts and bubbling up of the market via his quantitative easing programs? Ben made no bones about his utilizing asset inflation as [...]