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HomeUpcoming Book Events
Posted by Larry Doyle on February 24th, 2014 4:28 PM |
I typically use Facebook and Twitter to promote events relating to In Bed with Wall Street, but a few readers who do not use social media have requested that I post upcoming events here on the blog. I will do so every once in a while for events that are open to the public.
Wednesday night, February 26th: I will be speaking at Baruch College in Manhattan. The event is co-sponsored by the New York Chapter of the National Investor Relations Institute, and is free and open to the public. Doors open at 6pm, with my presentation beginning at 6:15pm. Pre-registration is required. For more information, please go to the Baruch College calendar highlighting this event.
For those in the Greater Boston area, I have two upcoming book signings which will also include a discussion of the book and what led me to write it. If your schedule allows, please stop by to say hello.
Thursday, March 6th at 7pm: Barnes & Noble in Framingham, MA
Tuesday, April 8th at 7pm: WellesleyBooks in Wellesley, MA
Back in the NYC-metro area . . .
Thursday, April 10th at 7pm: Very pleased to be invited by Book Revue in Huntington, NY.
I’d like to also mention that many of my television and radio appearances are archived under the Television/Radio tab. The media discussions cover a range of topics from my book to the Federal Reserve to structural issues in our economy, and so on.
If you’d like to begin following me on Facebook or Twitter, the links are:
Sense on Cents/Facebook
In Bed with Wall Street/Facebook
Sense on Cents & In Bed with Wall Street/Twitter
As always, thank you for your support.
Larry Doyle
Federal Reserve Minutes Reveal “Ignorance”
Posted by Larry Doyle on February 24th, 2014 6:36 AM |
I know of few descriptive terms more harsh than classifying an individual or organization as being ignorant.
Yet that is exactly how The New York Times labels the most powerful institution in the world, that being the Federal Reserve, after reviewing the recently released minutes from the Fed’s meetings back in 2008.
The hundreds of pages of transcripts, based on recordings made at the time, reveal the ignorance of Fed officials about economic conditions during the climactic months of the financial crisis.
Serving as a Fed official is not a part time role akin to committing one’s time for a local civic organization. In fact, perhaps not fully appreciated by many in our nation, the Federal Reserve not only serves as our nation’s monetary authority but also as a primary regulator for our banking system. (more…)
5 Years Later, ‘TBTF’ Elephant In America Remains
Posted by Larry Doyle on February 21st, 2014 12:13 PM |
A slew of minutes and commentary related to Federal Reserve meetings held during the crisis of 2008 are just now being released.
While many of the minutes provide a riveting look at the topics on the table at that point in time, I found the following highlighted in a synopsis at The Street.com to be particularly meaningful. (more…)
DANGER: Unknown Size, Location of Financial WMD
Posted by Larry Doyle on February 20th, 2014 6:31 AM |
If there are hackers in far off countries who can figure out how to penetrate the computer systems of our nation’s banks and retailers, how is it that a full 5 years after the greatest crisis since the Depression that our financial regulators are not able to properly monitor the financial weapons of mass destruction, aka derivatives contracts, running throughout our system?
I will tell you how. Because the ‘too big to fail’ banks have zero interest in making that happen. If anybody needed any further reason to break up our ‘too big to fail’ banking oligopoly, Bloomberg provides it in this recent editorial:
The recent turmoil in emerging markets raises an urgent question: If things get worse, if markets plunge or a government defaults, do regulators know which banks, hedge funds or other institutions are most at risk? (more…)
Raising the Minimum Wage: Not the Answer
Posted by Larry Doyle on February 19th, 2014 9:57 AM |
Raising the minimum wage is another hot button issue that will serve to incite strong reactions on both ends of the political spectrum, but fails to address core structural issues in our nation.
Who is not supportive of helping people rise out of poverty and try to earn a reasonable wage?
While some political pundits might like to rewrite basic economic principles, ultimately a raising of the minimum wage serves to re-slice our nation’s economic pie rather than grow it. Some individuals will benefit by earning more, but others in the same economic strata will suffer by losing their jobs altogether. (more…)
J. Weil: Wall St. Arbitration ‘Plenty Rigged’
Posted by Larry Doyle on February 18th, 2014 6:34 AM |
Bill Cohan, Susan Antilla, Gretchen Morgenson.
Although these individuals are not the only financial journalists whom I hold in high regard, they are certainly among the very few.
Who else is in their company? Bloomberg’s Jonathan Weil, who just the other day wielded a very sharp pen in addressing the arbitration process on Wall Street, or what I define as ‘the kangaroo court.’
Truth be told, the folks at FINRA who oversee Wall Street arbitration seem to be getting a little weary of being used as a punching bag and have made some tweaks to the system. Weil is not impressed. (more…)
Mr. Old Man Winter
Posted by Larry Doyle on February 13th, 2014 9:15 AM |
There was a time when I loved days like this.
The prospect of making $10 to 15 dollars or so after shoveling out various neighbors’ driveways and walkways was energizing. After that, constructing a snow fort from the mountain of snow left from the city snowplow made for great fun with boyhood friends. Those days were 40 years ago.
With Mister Old Man Winter roaring along the east coast once again, the only word I have to say to him now is . . . “Uncle!”
Be safe and warm as you navigate accordingly.
Larry Doyle
Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.
For those reading this via a syndicated outlet or receiving it via e-mail or another delivery, please visit the blog to comment on this piece of ‘sense on cents.’
Please subscribe to all my work via e-mail.
The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
SEC Commissioner Stein: We Must Better Understand FINRA
Posted by Larry Doyle on February 12th, 2014 6:13 AM |
Who oversees the private, Wall Street funded police detail, aka FINRA, that I have long maintained operates as little more than meter maids?
The SEC, that’s who.
Or at least the SEC is supposed to regulate and oversee FINRA. Whether the SEC effectively oversees an organization which on its face appears to be loaded with conflicts of interest — if not much worse — is the stuff on which books are written.
As a strident critic of both the self-regulator and the self-regulatory model, I have long called for FINRA’s doors and windows to be opened so America can really learn what goes on within this organization and its relationships with the very banks on Wall Street that fund it. Who seems to be joining my call for a serious review of FINRA? (more…)
Better Markets v DOJ in re: $13 Billion JPM Fine, A Question of Trust
Posted by Larry Doyle on February 11th, 2014 10:20 AM |
$13 billion is a lot of money even by Wall Street standards.
But is the $13 billion fine imposed on JP Morgan by the Department of Justice an appropriate penalty for the array of transgressions involved? In order to answer that question, one needs to rely on the inputs reviewed and the process utilized by the Department of Justice which meted out this justice.
The inability to undertake just such a review is the crux of the lawsuit brought by Better Markets, “a nonprofit, nonpartisan organization that promotes the public interest in financial reform in the domestic and global capital and commodity markets.” (more…)
The Real Employment Situation in America
Posted by Larry Doyle on February 10th, 2014 6:39 AM |
The most recent employment report released this past Friday showed an increase in non-farm payrolls of only 113k jobs but a continued decline in the overall rate of unemployed to 6.6%.
While the growth in jobs is not what we would like, the overall rate of unemployment is not bad by historical measures, right?
To steal a phrase from the inimitable radio host Paul Harvey, “And now, the rest of the story.” (more…)
