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Join us NOW for Sense on Cents Central Station

Posted by Larry Doyle on April 16, 2009 8:20 PM |

central-station-promo-3-bold***UPDATE: The Live Chat event has ended, but you can scroll through the topics we discussed by clicking on the “Replay” icon on the chat window at the end of this post.*** 

Join us right now for a few hours of written Q/A and live chat with your resident host, Larry Doyle. We can address a wide range of issues, including: transparency and quality of earnings, Goldman’s initiative to pay back TARP, the April 15th Tea Parties, market performance this week, month, and year to date, developments overseas, the outlook for our financial regulatory structure, issues of personal finance, career planning, or anything else on your mind.

  • lizzy

    LD,
    What is going on internationally? I haven’t seen much coverage since the end of the G-20.

  • Larry Doyle

    There has not been as much focus or activity in the last few weeks.

    Japan’s economy continues to plummet and they enacted a 3rd stimulus package.

    China’s GDP came in at a 6.1% rate but that is a problem. They need to grow at an 8% rate in order to keep people from the country moving to the cities employed.

    I have not seen much from Europe. I need to refocus and check into developments there.

  • lizzy

    I was impressed by your article today about the earnings at J. P. Morgan. Do you think that the relaxation of the mark to market accounting perhaps gives the banks roomto maneuver? I think that the growing public hostility to the TARP assistance and the stupidity of the administration may give banks strong incentive to repay loans. You were right though the reports are deceptive.

  • On the day the FASB passed the relaxation of the mark-to-market, I recall writing that we would look back on that day and that act as a watershed event.

    I think the act more than anything will forestall our recovery. In fact I recall from my very first post writing negatively about suspending (same as relaxing) the mark-to-market.

    The bulk of the press does not cover. I have been watching some news shows and they are all saying how good all the bank earnings were starting with Wells. Do these people do their homework?

    As I think of it I could very easily see a transferral of capital from banks like JPM and GS to Citi and BofA without public disclosure.

  • TeakWoodKite

    LD, finally got to watch Mr. Black, it has been
    sitting DVR for too long. He made a point that the FBI transfered 500 agents during 911 and never replaced them.
    Was the Southern district gutted in NYC?

    Mrs Borne…??

    Fraud is deciet…deciet is betrayal, 5 billion to
    UBS, while we are prosecuting them… we paid their fines.

    Paulson and Guitner are part of a “cover-up”.

    William C. Dudley took office on January 27, 2009, as the tenth president and chief executive officer of the Second District Federal Reserve Bank, at New York. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee, the group responsible for formulating the nation’s monetary policy

    Prior to joining the Bank in 2007, Mr. Dudley was a partner and managing director at Goldman, Sachs & Company and served as the firm’s chief U.S. economist for a decade

    When does it stop?






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