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Sen. Tom Coburn (R-OK): “We Have No Leadership”

Posted by Larry Doyle on May 2nd, 2012 6:28 AM |

I truly appreciate those in our nation who can properly frame the debate which MUST be had if we are to protect our country and the future for our children. I heard just such a man last evening. I compel you to listen to him.

Who is this man?

Senator Tom Coburn, Republican of Oklahoma. He laid out not only our greatest problem but also indicted the corrosive culture in Washington that has allowed this problem to grow. Coburn provides the barometer by which all of our supposed politicos should be measured.

What did Coburn have to say? A lot. Try these on for size… Read the rest »


Who’s Minding the Store at the SEC?

Posted by Larry Doyle on May 1st, 2012 6:33 AM |

The folks at the SEC could not possibly still be tuning in to porn, could they?

Do you think that any SEC lawyers are once again blowing the cover of whistleblowers?

Would we know if the SEC is complying with the Freedom of Information Act?

While many in Washington and America might think these issues begin and end at the desk of the SEC chair, Mary Schapiro, the simple fact is the real oversight of this organization falls under the purview of the SEC’s Inspector General. Really? Oh yeah!! How so? Read the rest »


MF Global: “This Was a Massive Theft”

Posted by Larry Doyle on April 30th, 2012 7:56 AM |

Six months and counting.

The lives of countless numbers of families and individuals are likely forever changed by what transpired at MF Global. Yet there remains no real accounting nor full retribution for the fiasco which unfolded within the walls of the firm that traced its roots to the late 1700s.

Certainly we can expect that trustees and regulators will put forth some thousand page reports trying to detail the minute by minute demise of MF Global. Do you think those reports will mean anything to the lives of the people impacted? I don’t. Why? How do you recapture trust? When there is NO real trust, there is NO real justice, and NO real closure. It is that simple. Read the rest »


Niall Ferguson’s Keys To Economic Growth Recommended

Posted by Larry Doyle on April 29th, 2012 12:41 PM |

I truly love gaining global insights and perspectives from highly intelligent people. I had just such a treat this morning in reading a Barron’s interview with the economic and financial historian Niall Ferguson.

What did this Harvard professor have to say on a topic which should be a MAJOR point of debate for our 2012 Presidential election? A lot. Let’s navigate.

Barron’s: There are once again concerns about U.S. growth. What factors are keeping the economy from reaching what you call “escape velocity”?  Read the rest »


R. Wenzel: Federal Reserve An Unmitigated FAILURE

Posted by Larry Doyle on April 28th, 2012 9:17 AM |

This commentary is a little lengthy but a great and absolute MUST READ!! LD

Who really runs America?

The media may actively and aggressively debate the pandering provided by those on both ends of the political spectrum. But to whom do these pols really answer? The American public? I do not think so.

The Washington establishment strikes me as little more than puppets played by the one controlling the money. Who might that be? The all powerful and, all assertions to the contrary, perpetually opaque Federal Reserve.

Let’s navigate deep into the chambers of the New York Federal Reserve. Read the rest »


Spanish Unemployment Hits 24.4% !!!

Posted by Larry Doyle on April 27th, 2012 11:26 AM |

Think Spain is speeding on its way over the proverbial cliff? Let’s emphasize the “speeding”.

Continuing on our focus today of issues within the EU, Spain — merely the 9th largest economy in the world — announced today that its unemployment rate hit 24.4%. For purposes of context, that rate stood at a relatively mild 7.9% in 2007. 

OUCH…24.4% unemployment is a whole lot of pain!!!  Read the rest »


Who/What is Driving European Sovereign Spreads?

Posted by Larry Doyle on April 27th, 2012 9:11 AM |

The center of our global financial crisis squarely rests upon the Euro-zone in general and a number of peripheral sovereign states specifically. The movement in spreads within this market are often vicious.

The  European Central Bank has thrown the kitchen sink in the form of its 3-year LTRO (long term refinancing operation) at the massive debt problem. The LTRO aside, do you get the sense that there is a far greater force at work behind the scenes driving these markets? I do. Who and what are really driving spreads within the Euro-zone?

Let’s navigate as the Journal of International Money and Finance addresses this critically important topic in its April 2012 issue.  Read the rest »


The SEC vs Whistleblowers: Round 2

Posted by Larry Doyle on April 26th, 2012 8:28 AM |

Yesterday’s story regarding the SEC inadvertently, or not, blowing the cover of a whistleblower generated a lot of interest here at Sense on Cents and elsewhere. So much interest, in fact, that parties in both camps, the SEC and the whistleblower, got right back in the ring to make their case.

While I have my own strongly held beliefs, stated yesterday, as to the real driving force within SEC Enforcement, fairness dictates that I highlight competing views as well. On that note, what does the director of the New York Office of the SEC have to say on this matter? Let’s review a letter to the editor in today’s WSJ:  Read the rest »


SEC Exposes Whistleblower: Inadvertent? STOP IT!!

Posted by Larry Doyle on April 25th, 2012 10:24 AM |

News this morning that an SEC attorney, in the midst of an investigation, blew the cover of a whistleblower might have been formerly thought of as inadvertent or unfortunate. America is no longer so naive.

The Wall Street Journal’s lead story today highlights, Source’s Cover Blown by SEC:

Federal securities regulators, in a sensitive breach, inadvertently revealed the identity of a whistleblower during a probe of a firm that ran a stock trading platform.  Read the rest »


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Larry Doyle

Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.







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