Category: Sense on Cents (Larry Doyle blog)
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 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 Oct 31, 2010 in Barney Frank, Christopher Dodd, Current Affairs, Democratic Party, Economy, FINRA, Fannie Mae, Franklin Raines, Housing & Housing Crisis, Mortgage Crisis, Sense on Cents (Larry Doyle blog) | View Comments
The Wall Street-Washington incest MUST end. This coming Tuesday, America has a chance to ring that bell, expose that incest, cleanse the system, and deliver the message loud and clear. The peal of that bell must emanate from the 4th District in the state of Massachusetts. You do not need to read Sense on Cents [...]
By Larry Doyle on Oct 14, 2010 in Current Affairs, Economy, Fannie Mae, Freddie Mac, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Sense on Cents (Larry Doyle blog) | View Comments
What is really going on in regard to the moratorium on mortgage foreclosures? A lot. Not all of it would qualify as the best of “sense on cents.” My thoughts include the following: 1. Can we now declare the HAMP (Making Home Affordable) program to be totally futile? How is it that everybody on Wall Street and in Washington [...]
By Larry Doyle on Oct 13, 2010 in Current Affairs, Democratic Party, Harry Reid, Health Care, Nancy Pelosi, Sense on Cents (Larry Doyle blog) | View Comments
This story is a tad long, but it is chock-filled with a wealth of twists, turns, personalities, politicians, and much more. I strongly recommend. Politics is clearly a contact sport. No doubt not all of the punches are above the belt. I first referenced the Obama White House use of intimidation in the case of [...]
By Larry Doyle on Jul 30, 2010 in Economy, Sense on Cents (Larry Doyle blog) | View Comments
The equity markets are flat so the 2nd quarter GDP report must have been properly priced into current valuations. Perhaps, but I would neither go that far nor would I be so brazen as to say that the markets are wrong in how they trade. Markets are never wrong. The market is the market. All this said, let’s [...]
By Larry Doyle on Jul 22, 2010 in Bernie Madoff, Economy, SEC, Sense on Cents (Larry Doyle blog) | View Comments
“If my aunt had balls, she’d be my uncle!!” I love that line. I first heard it on the trading desk at Bear Stearns in the early ’90s. For the last twenty years, I have used the line often to counter those who would bemoan an outcome with the standard, “If only . . .” [...]
By Larry Doyle on Jul 3, 2010 in Economy, Sense on Cents (Larry Doyle blog), Unemployment/Jobs | View Comments
The release of the Unemployment Report on Friday is very much consistent with an economy that is undergoing real structural changes and adjusting to the realities of lessened credit and limited growth. As much as some may like to spin it one way or another, those realities are the simple and straightforward ‘sense on cents’ [...]
By Larry Doyle on Jul 1, 2010 in American Consumers, Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | View Comments
How would you like to have the answers to a quarterly report before other participants have even thought that the activity is occurring, data is being compiled, analysis is being rendered, and the results are released? That would truly be awesome, wouldn’t it? Can you imagine college students knowing the answers to their final exam [...]
By Larry Doyle on Jun 30, 2010 in Economy, SEC, Sense on Cents (Larry Doyle blog) | View Comments
Thanks very much to a regular reader of Sense on Cents for sharing a fascinating story. The Government Accountability Project just released the following story regarding a significant settlement paid by the SEC to a former SEC attorney Gary Aguirre. This story highlights the Wall Street-Washington incest to the ‘nth’ degree. Will the media pick [...]
By Larry Doyle on Jun 29, 2010 in Economy, Sense on Cents (Larry Doyle blog) | View Comments
What type of legacy are we leaving our kids? Will we leave them so burdened with overwhelming debts and deficits so as to strangle and choke off real opportunities? While Uncle Sam is able to play charades in an ever increasing and dramatic fashion, Sam’s smaller brethren at the state and local levels do not [...]
By Larry Doyle on Jun 16, 2010 in Current Affairs, Sense on Cents (Larry Doyle blog) | View Comments
The distance from the canyons of lower Manhattan to the now soiled beaches of the Gulf Coast runs about 1300 miles. A long way and decidedly different lifestyles, you may think? I do not think so. In very real terms, the economic disasters centered in each of these locales are virtually contiguous. As I watched [...]
By Larry Doyle on Jun 16, 2010 in Current Affairs, SEC, Sense on Cents (Larry Doyle blog) | View Comments
Any employee in any organization knows that an internal disciplinary double standard is the quickest way to kill morale. Happens all the time, right? Likely even worse in organizations with lots of bureaucracy? Uncle Sam would not know how to operate otherwise, you say? The answers to all those questions may be the affirmative, but [...]
By Larry Doyle on Jun 14, 2010 in Economy, Fannie Mae, Franklin Raines, Freddie Mac, Housing & Housing Crisis, Mortgage Crisis, Sense on Cents (Larry Doyle blog) | View Comments
When the day of reckoning comes, the record will show that those misguided, incompetent and reckless legislators who supported and were supported by the house of cards known as Fannie Mae and Freddie Mac will have cost our nation untold hundreds of billions of dollars. In fact, the losses attributed to these organizations may ultimately [...]
By Larry Doyle on Jun 10, 2010 in Current Affairs, Sense on Cents (Larry Doyle blog) | View Comments
Any investigation ultimately comes back to two questions: 1. What did they know? 2. When did they know it? In order to determine the answers to these critical questions, investigators need to have real transparency and integrity in their pursuit of information. To this end, I welcome adding a link to my Watchdog category (right [...]
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