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Sense on Cents Calls Out Jamie Dimon, Vikram Pandit, Brian Moynihan, Michael Carpenter, and John Stumpf

Posted by Larry Doyle on May 17th, 2011 9:30 AM |

(This commentary is a little lengthy, but not overly so. I strongly encourage you to read and ponder the details embedded here as I firmly believe America’s core principles of decency and justice are on the line. Let’s stand up for America!!)

What would be the outcry in America if a foreign government or corporation knowingly and willingly abused the personal finances of multiple tens of thousands of our fellow citizens? Imagine if that entity were a large Chinese national bank or a Russian financial conglomerate? What if it were a division of an organization involved in illicit activities or even worse?

Do you think the United States government would intervene very aggressively on behalf of our fellow brethren? Might the media be up in arms with headline stories on a daily basis? Would the personal assaults precipitate an international trade embargo or a discontinuation of diplomatic relations? Does this sound like the stuff of a Harrison Ford virtuoso performance? Even better, this must be the plot to the next James Bond thriller, right?  (more…)

Making Sense on Cents in 2010

Posted by Larry Doyle on December 31st, 2009 9:58 AM |

What can Americans do to make more “sense on cents” in 2010?

With the divide between Wall Street and Main Street never wider and only widening further, how can Americans collectively make their voices heard?

I will provide a few simple pieces of advice:

1. Send a message to both Wall Street and Washington supporting the lawsuits currently outstanding against Wall Street’s self-regulator FINRA. These lawsuits would go a long way in exposing the incestuous relationship between the Wall Street banks and the Washington establishment.

To facilitate this undertaking, I recommend readers forward “Mary Schapiro Owes America Some Answers” to their elected representatives, friends, family, and colleagues.

2. Hat tip to a Sense on Cents reader for providing a link to a great idea promoted by Arianna Huffington called Move Your Money. The website provides guidance as to the strongest community banks by zip code. Very simply, this idea encourages people to move their money from the large Wall Street banks, which are wedded to Washington, into small community banks. I put this idea in the camp of “money talks, bull%$#@ walks.”

I encourage readers to make sure they stay within the FDIC-insured limits when making deposits in any bank. In the spirit of the season, the following video provides an inspiring look at the idea to “Move Your Money.”

Together we can make a difference.


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