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Obama, GM, And The UAW »

By Rabble Rouser Reverend Amy on May 21, 2009 in Auto Industry, Bailouts, Bank Bailouts, Bank Nationalization, Banks, California, Credit Card Companies, Credit Risk, Current Affairs, General Motors & Chrysler, Michigan, Stimulus Plan, SusanUnPC, Tax stimulus package, U.S. Treasury | 22 Comments

I saw the following video Tuesday morning, and could scarcely believe my eyes:

Let the Credit Card Games Begin! »

By Pat Racimora on May 19, 2009 in American Consumers, Credit Card Companies, Credit Risk, Economy | 21 Comments

“Usurers” is a dirty word. In dark streets, we call them “loan sharks.” Otherwise we call them “credit card companies.” It’s shocking that the interest they can charge along with the other little gouging games they play are legal. But we do have little stones to toss at this Goliath…

Congress pretends to rein in credit card companies with a wink, a nod and probably some nice contributions »

By Uppity Woman on May 19, 2009 in American Consumers, Banks, Credit Card Companies, Credit Risk, Economy | 22 Comments

The Senate is getting ready to address the bill that was initially intended but they broke their promise to rein in thieving credit card companies that have taken to arbitrarily punishing good, reliable customers for their own bad management and greed. But don’t expect much So what else is new? from Congress. [...]

AIG and LTCM »

By Larry Doyle on Mar 19, 2009 in American Consumers, Banking Institutions, Commerce, Credit Risk, Current Affairs, Economic Stimulus, Economy, Employment, Equity Markets, Hedge Funds, Sense on Cents (Larry Doyle blog), Wall Street | 6 Comments

***Cross-posted from my blog, Sense on Cents. Come by and visit!
A precursor to the turmoil roiling our economy and markets today occurred on a smaller, but certainly very dramatic, scale in 1998. The meltdown of the hedge fund Long Term Capital Management brought the market to its knees at the time. LTCM was effectively taken [...]

Let’s Revisit Europe: The Weakest Link »

By Larry Doyle on Mar 17, 2009 in Banking Institutions, Credit Risk, Current Affairs, Economic Stimulus, Economy, Employment, European Union, Global Finance, Mortgage Crisis, Sense on Cents (Larry Doyle blog), Wall Street | 8 Comments

***Cross-posted from my blog, Sense on Cents. Come by and visit!
I thank our loyal reader in Michigan, Mr. Fiscal Liberal, for sharing with us a piece written by Simon Johnson, the former chief economist of the International Monetary Fund, a professor at the MIT Sloan School of Management, and a senior fellow at the Peterson [...]

Charlie Rose Speaks to Tim Geithner »

By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Credit Risk, Current Affairs, Economy, Equity Markets, FINRA, Lobbyists, Mortgages, Obama Administration, Republicans, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 20 Comments

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***Cross-posted from my blog, Sense on Cents. Come by and visit!
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I will provide my insights and perspectives on Charlie Rose’s interview of Treasury Secretary Tim Geithner last evening. The interview has been broken down into 6 separate clips, with my commentary preceding each clip.

How Wall Street and Washington Betrayed America!! »

By Larry Doyle on Mar 4, 2009 in American Consumers, Banking Committee Hearings, Banking Institutions, Credit Risk, Economy, Employment, Equity Markets, Sense on Cents (Larry Doyle blog) | 15 Comments

While politicians, bankers, regulators, and commentators can and will point fingers as to where and how our system of financial oversight broke down, make no mistake it was due to too many people making and taking too much money!! I have highlighted the grotesque system of lobbying that has developed and corrupted our society in [...]

Why is George Soros Short the Euro? MUST READ! »

By Larry Doyle on Mar 3, 2009 in Banking Institutions, Commerce, Credit Card Companies, Credit Risk, Current Affairs, Economy, Employment, Equity Markets, European Union, Global Finance, Sense on Cents (Larry Doyle blog), Wall Street | 20 Comments

In very short order, I have gained a deep respect and regard for our Economic All-Star, John Mauldin. I have come to appreciate that Mauldin and I view the market through the same lens focused on the global economy. While many media outlets focus on the day to day, if not hour to hour [...]

The Weakest Link is Weakening »

By Larry Doyle on Mar 3, 2009 in Bank Bailouts, Commerce, Credit Risk, Current Affairs, Deficit, Economic Stimulus, Economy, Equity Markets, European Union, Foreign Affairs, Global Finance, Sense on Cents (Larry Doyle blog) | 16 Comments

The other day I highlighted the fact that 12 eastern European countries would solicit a bailout from the European Union over the weekend in Brussels. I defined this bloc of eastern European countries as currently the Weakest Link in the global economy. Well, if they were the weakest link then they just got weaker as [...]