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Posts Tagged ‘declining volumes on Wall Street’

Where and When Did Wall Street Go Wrong?

Posted by Larry Doyle on June 23rd, 2011 8:32 AM |

You do not need to read Sense on Cents to know that Wall Street and America have problems. That said, the future of both the financial services industry and our nation are inextricably linked.

The innovative ideas which our nation must generate to drive future growth and employment require capital. Wall Street has that capital. In my opinion, Wall Street needs to seriously refine the use of its capital for its own benefit and that of our nation.

Can Wall Street adapt? Does Wall Street understand the errors of its ways? When might some real leaders on Wall Street call out for the industry to clean up its act? These questions can only be properly addressed in the future if there is an acknowledgment and understanding of where and when did Wall Street go wrong in the past. Let’s navigate.


Supreme Court Ruling on Janus Funds “Smells”

Posted by Larry Doyle on June 16th, 2011 9:43 AM |

I firmly believe and have often written that “when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery.”

What part of that basic premise do those running Wall Street businesses and our supposed “protectors of the public interest” not understand? Do we need any more evidence than the precipitous decline in volumes across virtually every market segment to highlight that investors “get this” and that the incestuous parties on Wall Street and in Washington “don’t”?

While those with any appreciation of ‘sense on cents’ understand the need to protect long-term investor capital, we witness once again a mind boggling development that relegates the interests of real long term investors—that is you, me, and every Mom and Pop investor in our nation–to second class status. (more…)

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