Category: Bank Nationalization
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:
By Rabble Rouser Reverend Amy on May 8, 2009 in Bank Nationalization, Banks, Barack Obama, Current Affairs, Democrats | 22 Comments
As in Obama is continuing to channel Bush. I could just as easily entitle this, “Obama is going to make my head explode - AGAIN.” So this morning, I’m watching the news, and they’re all getting ready for Obama to make YET ANOTHER &*#$#&& press conference about how he wants to cut a [...]
By Larry Doyle on Mar 27, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economy, FDIC, Mortgage Crisis, Real Estate, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 12 Comments
The other day, I provided a cursory overview of the details embedded in the recently proposed Public-Private Investment Partnership, Will Banks Truly Sell these Toxic Assets?
The main point I tried to highlight in that piece was the need for true price discovery for these toxic assets. A loyal reader provided tremendous insight in highlighting that [...]
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.
By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Current Affairs, Economic Stimulus, Economy, Education, Employment, Equity Markets, Obama Administration, Sense on Cents (Larry Doyle blog), Stimulus Plan, Unemployment, Wall Street, stimulus tax package | 7 Comments
I very much appreciate reading material written by people whom I perceive as having no agenda. I have tried to bring people like this (including Ray Dalio, Paul Keating, Bob Rodriguez, Steve Rehm, Kevin Doyle, Vaclav Klaus, and many others) to Sense on Cents because I firmly believe we all become more educated and informed [...]
By Larry Doyle on Mar 1, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Current Affairs, Economic Stimulus, Economy, Global Finance, NQR Live Chat, No Quarter Blog, NoQuarter Radio, World News | 17 Comments
Please join me this evening on No Quarter Radio from 8-9PM (ET) for LD’s Dollars and Sense.
The developments in the markets, economy, global finance, Wall Street, and Washington are occurring at breakneck speed. I will try to slow things down a bit and provide a sense of perspective.
What did we learn in the markets [...]
By Larry Doyle on Feb 26, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Current Affairs, Economic Stimulus, Economy | 17 Comments
The government yesterday released the specifics of the Bank Stress Test to be undertaken by the 19 major banking institutions in our country. Those details in conjunction with the testimony provided this week by Treasury Secretary Geithner and Fed chair Bernanke provide a very clear signal as to the government’s approach to our economic problems. [...]
By SusanUnPC on Feb 24, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economic Stimulus, Economy, Media Bias, NQR Live Chat, NoQuarter Radio, Nocturnal Warrior, Obama Administration, Obamatopia Mirage, Obamedia, President Barack Obama, Tax stimulus package | 1 Comment
Yes! Following the 9:00 p.m. ET (Ed. NOTE: Correction, it’s not 6 p.m. except for PT people) address to the nation by The One (aka President Barack Obama tonight (health care, economy, uh, health care, economy, uh, health care, economy), you are treated to NINETY MINUTES of Nocturnal Warrior (aka The One and Only) at [...]
By Larry Doyle on Feb 23, 2009 in Bank Nationalization, Banking Institutions, Current Affairs, Economy | 20 Comments
Many leading economists and market mavens are calling for the formal nationalization of certain banking institutions in our country. There are numerous arguments for and against nationalization. While many of these arguments are philosophical in nature, perhaps it is the fine print in CDS (credit derivatives) contracts that are the major hurdle.
In a communication with [...]
By Larry Doyle on Feb 22, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economic Stimulus, Economy, Housing & Housing Crisis, Housing & Urban Development (HUD), NQR Live Chat, No Quarter Blog, NoQuarter Radio, Obama Administration, Obama's Cabinet, Tax stimulus package, Workers, World News | 2 Comments
PROGRAM CONCLUDED . CLICK LINK below to listen via BlogTalkRadio or use our instructions to listen via your iTunes / iPod.
Please join us this evening from 8:00 to 9:00 p.m. ET on No Quarter Radio for LD’s Dollars and Sense. These are truly historic times in the global economy. Let’s “navigate the economic landscape” without [...]
By Larry Doyle on Feb 21, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Bernie Madoff, Congress (House & Senate), Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Tax stimulus package, Wall Street, Workers | 59 Comments
With the market making new lows for the year, global economies showing increasing signs of distress, and new programs emanating from Washington, where does one find some sanity around here??
We’ll be departing from “LD’s Central Station” on Saturday at 9:00 am EST until 12 noon to attempt to put some clarity into this madness!! [...]
By Larry Doyle on Feb 21, 2009 in Bank Nationalization, Barack Obama, Christopher Dodd, Citigroup, Current Affairs, Economic Stimulus, Economy, Housing & Housing Crisis, Mortgage Crisis, Obama, Tim Geithner | 31 Comments
Stay tuned for LD’s Central Station — which is turning into a weekly Saturday morning LIVE chat that is NOT to be missed! — starting at 9:00 a.m. to Noon where you can ask the master himself, LD (!), as we navigate the economic landscape. LD is a Wall Street veteran who welcomes sharing his [...]
By Larry Doyle on Feb 20, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Current Affairs, Economic Stimulus, Economy, Obama Administration, Tim Geithner | 49 Comments
These are clearly the times that try our souls. In an attempt to bring a measure of perspective to the markets and economy, let us review some month-to-date stats for February and add economic commentary:
DJIA: -9%
S&P 500: -5.7%
Nasdaq: -2.3%
Bonds: flat to -10% depending on sector
$/Yen: 94.14 versus 89.81
$/Euro: 1.262 vs 1.280
Oil: 38.78 vs [...]
By Rabble Rouser Reverend Amy on Feb 18, 2009 in Backtrack Obama, Bamboozling, Bank Nationalization, Barack Obama, Chuck Schumer, Democratic National Convention, Economic Stimulus, South Carolina | 140 Comments
Well, Obama got back to Washington, DC after his long weekend away in Chicago. Then he went wheels up to go to Denver, CO to sign the $787 billion dollar Porkulus bill. Why Denver? Because CO was SO helpful to him during the Campaign, and that’s where he got to play Greek [...]
By SusanUnPC on Feb 11, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Commerce, Congress (House & Senate), Current Affairs, Economic Stimulus, Economy | 16 Comments
Corporate fraud cases couldrise into the hundreds. ENTER THE FBI.
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Visit msnbc.com for Breaking [...]
By Larry Doyle on Feb 11, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Current Affairs, Economic Stimulus, Economy, Housing & Housing Crisis, Housing & Urban Development (HUD), Mortgage Crisis | 105 Comments
(bumped up by Susan)
LIVE TV/RADIO LINK at C-Span
This morning at 10am, the CEOs of the major money center banks in our country will be in Washington to face Congressional heat. Watch it LIVE on C-Span3.
These CEOs are easy targets for plenty of reasons. As a precursor to their testimony, I thought it may be helpful [...]
By Larry Doyle on Feb 10, 2009 in Bank Nationalization, Current Affairs, Economic Stimulus, Economy, TARP, Tim Geithner | 29 Comments
In light of the serious economic crisis facing our country and the world today, there is understandably heightened interest and anticipation towards both the proposed Stimulus Plan and the newly designated Financial Stability Plan. Clearly every individual in our country is impacted by this turmoil and we are hopeful that our leaders in both the [...]
By Larry Doyle on Feb 7, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Housing & Housing Crisis, Mortgage Crisis, Real Estate, Tax stimulus package | 56 Comments
We will have our regularly scheduled 9:00 a.m. Saturday departure from Central Station.
The tracks remain steeply sloped with many curves along the way. With all eyes and ears and hearts focused on the wide range of developments in the economy, the markets, and the world of global finance we have added a few extra [...]
By Larry Doyle on Jan 30, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Current Affairs, Economic Stimulus, Economy | 14 Comments
Growing up as one of eight kids, seven boys, dinnertime was always interesting. More often than not, milk was spilled, vegetables were hidden, and you better not be late because the food went quickly. Every week to ten days, get ready for leftovers.
In a similar vein, today’s market activity, economic news, and financial stories [...]
By SusanUnPC on Jan 24, 2009 in American Consumers, Bank Nationalization, Credit Card Companies, Economy | 1 Comment
LD’s “Grand Central” Q&A is coming up at 9:00 a.m. ET. In LD’s thread, you can ask him a wide range of questions about the economy and your personal finances. He’ll be available from 9:00 to noon ET today.
So, here’s a warm-up of possible topics from a range of news services:
From [...]