Category: Economy
By Larry Doyle on Jul 5, 2009 in Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 4 Comments
There is no doubt in my mind that we are in the early stages of significant structural changes throughout our economy and our country. How will our nation adapt to these structural changes? How long will it take for various sectors of our economy to fully appreciate this reality? The landscape on Wall Street has [...]
By Linda Anselmi on Jul 2, 2009 in Current Affairs, Economy, Energy Policy, Environment | 37 Comments
Okay. I’ll confess.
I’ve always considered myself something of an environmentalist. I don’t remember ever hugging a tree, but I hiked and backpacked in my youth. I’ve recycled since the early 80’s. I shunned the use of chemicals and railed against deforestation, over-packaging, and junk mail. I joined Sierra club, World [...]
By Larry Doyle on Jul 2, 2009 in Economy, Fannie Mae, Freddie Mac, Sense on Cents (Larry Doyle blog) | 24 Comments
Barney Frank should not be so presumptuous to think that it is just “now” that a large percentage of America is starting to hate him. The displeasure, if not the contempt, for Barney and his minions who have run our country into the ground over the last twenty years is soaring!!
As the Wall Street [...]
By Larry Doyle on Jul 1, 2009 in Bailouts, Economy, Sense on Cents (Larry Doyle blog), TARP | 26 Comments
The American taxpayer was going to make money on the investments in assets related to Bear Stearns, AIG, Citigroup, Bank of America, ad nauseum, correct?
Is it even possible to track the massive government outlays across the entire economic landscape? Is it further possible to measure the actual cost of the outlays as a percentage of [...]
By Larry Doyle on Jun 30, 2009 in Bernie Madoff, Economy, Sense on Cents (Larry Doyle blog) | 17 Comments
Having received the maximum 150 years in prison, Bernie Madoff now knows how he will ‘exist’ for the balance of his ‘life.’ Today does not represent the end of the pursuit of justice in this massive fraud, but truly the beginning.
Victims of crime typically look for justice in two forms: restitution and justice “for all” [...]
By Larry Doyle on Jun 26, 2009 in Banking Institutions, Ben Bernanke, Economy, Hank Paulson, Sense on Cents (Larry Doyle blog) | 9 Comments
I commend Rep. Edolphus Towns (D-NY), Chairman of the House Committee on Oversight and Government Reform. Rep. Town’s closing statement at yesterday’s Congressional hearing culminated some riveting theatre. That said, this is not a one act play. Rep. Towns highlights the need to dig deeper in exposing what truly happened in the midst of the [...]
By Larry Doyle on Jun 25, 2009 in Banking Institutions, Ben Bernanke, Economy, FDIC, Sense on Cents (Larry Doyle blog) | 10 Comments
Do the ends ever justify the means? Does being well-intended preclude one from committing a criminal act? If our legislative bodies do not possess the heart and courage to ask these difficult questions, can we assume they are implicitly approving them? Oh, what a tangled web trillions of dollars in financial losses will weave.
The intrigue [...]
By Rabble Rouser Reverend Amy on Jun 24, 2009 in Current Affairs, Insurance Policies & Industry, National Debt, Obama Administration, Unions, Universal Health Care, Workers | 37 Comments
No doubt, you know there are plans afoot by Obama and Congress to extend health care benefits to all. It raises that sticky question of just how these costs will be covered. And when I say costs, I mean at least one TRILLION dollars, though I have seen estimates that are higher. [...]
By Larry Doyle on Jun 23, 2009 in Barney Frank, Current Affairs, Economy, Fannie Mae, Freddie Mac, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 13 Comments
When a homeowner goes out without locking his doors and leaving some lights on, he is inviting trouble.
In a similar fashion, the American public should prepare itself for a continued plundering of the portfolios and balance sheets of Freddie Mac and Fannie Mae by our leading housing finance gurus, Barack Obama and Barney Frank.
The scene [...]
By Larry Doyle on Jun 21, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 16 Comments
Is Barack Obama anything more than a federal version of the dreaded “helicopter parent?” I’m serious.
We have all witnessed overbearing and overprotective parents hovering over their offspring from youth soccer through middle school teasing and all the way into the workplace. In my opinion, our nation now suffers from generations nurtured without true hardship or [...]
By Rabble Rouser Reverend Amy on Jun 20, 2009 in Current Affairs, Economy, Gay Rights, National Debt | 36 Comments
US To Trade Gold Reserves For Cash Through Cash4Gold.com
Gotta love those folks at The Onion! Hey - this is just as plausible as anything else that has come down the pike!
By Larry Doyle on Jun 19, 2009 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 6 Comments
The brazen balls of both Wall Street and Washington know no limits. Hat tip to Kathy for pointing out to me that Wall Street is now running a new version of the Auction-Rate Securities play.
Recall that the Auction-Rate Securities fraud has left thousands of investors and billions of dollars frozen. While that fraud remains outstanding, [...]
By Larry Doyle on Jun 19, 2009 in Economy, NoQuarter Radio, Open Thread, Sense on Cents (Larry Doyle blog) | 0 Comments
HAPPY FATHER’S DAY! Please join me Sunday evening (tonight!) from 8-9 p.m. ET for NoQuarter Radio’s Sense on Cents with Larry Doyle. While the equity markets retracted somewhat this week, bonds, commodities, and currencies remain well within recent ranges. Away from the markets, the Obama administration proposed a widespread revamping of financial regulations. I look [...]
By Larry Doyle on Jun 18, 2009 in Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 17 Comments
If a tree falls in the forest and nobody is there to hear it, does it make any noise?
If an agency is sitting on billions in losses but nobody asks about it, can we forget about it?
If an entire group of banks is sitting on hundreds of billions more in losses, and the media is [...]
By Larry Doyle on Jun 17, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 10 Comments
In the process of rebuilding a home, let alone an entire financial industry and national economy, the last thing the United States needs are BRICs flying through our living room windows!! Well, get down and be careful because more financial shots from the BRIC (Brazil, Russia, India, China) nations are headed our way!
These salvos from [...]
By Larry Doyle on Jun 16, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 21 Comments
Dear friends, family, countrymen,
We are gathered here today to lay to rest a business model which revolutionized our financial industry. I have fond memories and knew the legendary “originate to distribute” well. In fact, I welcomed the opportunity to share the background and development of this model last November 12th, in writing “The Wall Street [...]
By Larry Doyle on Jun 16, 2009 in Current Affairs, Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 11 Comments
On NoQuarter Radio’s Sense on Cents with Larry Doyle on Sunday evening, I interviewed veteran Wall Street regulatory lawyer and market reform advocate Bill Singer. The topics discussed during the interview are so important that I am providing a highlighted transcript. You can also listen to archived audio of the interview here.
As time allows, I [...]
By American Girl in Italy on Jun 15, 2009 in Congress (House & Senate), Current Affairs, Economic Stimulus, Economy, Joe Biden, Obama Administration, Sara in Italy | 59 Comments
On Sunday’s Meet the Press Joe Biden defended the $787 billion economic stimulus spending bill pushed through Congress, but said that “everyone guessed wrong” on the impact it would have.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Ten days before taking office Obama’s economic team released a report predicting unemployment would [...]
By Larry Doyle on Jun 14, 2009 in Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 1 Comment
Join me from 8:00 to 9:00 p.m. ET on NoQuarter Radio for Sense on Cents with Larry Doyle. These are truly historic times in the global economy. Let’s “navigate the economic landscape” without the pandering or nonsense found elsewhere! The wizards in Washington are working feverishly on an overhaul of the regulatory framework of the [...]
By Larry Doyle on Jun 14, 2009 in Current Affairs, Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 5 Comments
Please join me tonight from 8-9 p.m. ET for NoQuarter Radio’s Sense on Cents with Larry Doyle. The markets gyrated this week but ultimately ended up close to unchanged across the board. That said, our economic landscape continues to provide numerous twists and turns. Let’s navigate.
The wizards in Washington are working feverishly on an [...]