Waiting for a Bitch Named Sandy
Posted by Larry Doyle on October 29th, 2012 8:02 AM |
As I sit here this morning waiting for an unwelcome visit from a bitch named Sandy, winds are picking up outside but overall there is an eerie sense of silence.
The storm is expected to make landfall later tonight in southern New Jersey but she has a wingspan that runs from the lower Mid-Atlantic all the way throughout New England. As such, this bitch is being compared to The Great Hurricane of 1938. (more…)
America’s Trillion Dollar Student Loan Train Wreck (with Video)
Posted by Larry Doyle on October 27th, 2012 6:44 AM |
Can you imagine the media coverage of a train wreck in which the passengers largely consisted of hundreds of thousands of American college, university, and graduate students? Every news outlet in this nation would set up shop by the roadside to cover that massive human interest story.
Well, that train wreck is playing out in slo-motion each and every day in our country. Is that right? Yep, and it has garnered little of the requisite attention it deserves. Let’s navigate and take a personal look inside the trillion dollar student loan disaster. Interesting that it takes coverage from Euronews to shine a light on this pileup. (more…)
Libor Scandal Update: The Real Cost
Posted by Larry Doyle on October 26th, 2012 10:27 AM |
How quickly the scandals seem to come and go.
With barely enough time to fully digest and appropriately process each and every financial racket, Wall Street, Washington, and our financial media move right along as if very little had happened in the first place. Do you disagree? The American taxpayer, consumers, and investors everywhere are getting taken to the cleaners. You don’t think so?
What have we seen in terms of meaningful justice and proper remuneration in the institutional scandals encompassing the following: (more…)
Uncle Sam Is OUT of CONTROL!!
Posted by Larry Doyle on October 25th, 2012 6:50 AM |
Think Uncle Sam is out of control? Do you trust the “old man” to take in and then put out your tax dollars wisely? I know, ask a stupid question.
Is our government here to support the taxpayers of our nation or has Uncle Sam become little more than the AMORPHOUS BLOB aka JABBA THE HUT? Look at that Debt Clock to the left and compare that to the caloric intake for Uncle “Jabba”. Are we getting our money’s worth? Little wonder why the old man is so fat and slow. While I take a liberty in comparing Uncle Sam to Jabba, take the mere 3-minutes to absorb, no pun intended, just how large Uncle Sam has grown over the last few years. (barf bag recommended) (more…)
Jon Corzine: Ego Only Outweighed by Stupidity?
Posted by Larry Doyle on October 24th, 2012 9:28 AM |
“Jon Corzine is the smartest guy that I know. . . “ VP-elect Joe Biden
Jon Corzine’s lawyer yesterday made the case that his once high-flying financial and political heavyweight client could not have participated in a fraud at MF Global because as reported by The Wall Street Journal,
“. . . just two months before the company collapsed, he bought over 50,000 shares of MF Global stock on the open market.”
Need we remind Mr. Corzine’s attorneys that just because an individual might be stupid and not fully understand the operational risks within a firm and the liquidity risks within a marketplace DOES NOT preclude said individual of engaging in fraudulent and criminal activity. (more…)
Just How Great is America? (Video)
Posted by Larry Doyle on October 24th, 2012 6:22 AM |
Declaring America as the greatest country in the world may be a standard statement on the political stump but the simple fact is that declaration is highly questionable.
Some may denigrate those who would question our greatness. I thank them assuming that their hearts and spirits aspire to make the necessary sacrifice to elevate America once again to the lofty status of true greatness.
To be recognized as the greatest, I believe we need to accept the reality of our current status. I have previously questioned our greatness. I have gone so far as to call out the lies and the liars. Real greatness has a foundation upon the truth. (more…)
The Final 2012 Presidential Debate: Open Forum
Posted by Larry Doyle on October 23rd, 2012 9:19 AM |
With the final official debate of the 2012 Presidential campaign now in the rear view mirror, the candidates will now engage in an all out sprint to the finish line on November 6th.
I personally believe that the length and costs of these campaigns are hugely unproductive for our country. Why is it that Washington is so dysfunctional? Politicians from the White House to Capitol Hill seem stuck in perpetual campaign mode. Well, that is a topic for a different day.
How do readers feel about last night’s debate? Who won? Who lost? What did you learn? (more…)
Goldman Sachs: “We Don’t Trust You at All”
Posted by Larry Doyle on October 22nd, 2012 6:41 AM |
Although I am still not inclined to buy, rather than merely borrowing it from the library, Greg Smith’s book Why I Left Goldman Sachs, I did find his interview on CBS’ 60 Minutes last evening to be interesting. What interested me?
Smith did not provide any great revelations in this interview, but I found it interesting based simply on the fact that he is one of very few people who have exited the Wall Street arena and left the light on in the process. For that reason alone, I think it is worthwhile to watch this clip.
Do clients trust Goldman Sachs? Certainly not all of them. Why not? (more…)