Sense on Cents

Do not underestimate Americans navigating the economic landscape!!

Why?

A few weeks back I was interviewd by Sue Henry of WILK Newsradio in Wilkes-Barre, PA (Media Appearance on Sue Henry Show, UPDATED with AUDIO CLIP) regarding an investor education presentation by FINRA. The presentation held last evening had U.S. Rep Paul Kanjorski (D-PA) as the featured speaker. I am all for investor education. The very purpose of Sense on Cents is to help educate readers on all aspects of our economy, markets, and world of global finance.

The points I raised in the radio interview and subsequently with a local newspaper reporter, Bill O’ Boyle of the Times Leader, was that Rep. Kanjorski sits on two Congressional subcommittees which have received an extensive and detailed letter questioning the very validity of a self-regulatory organization, that being FINRA, for our financial industry. (Details of the letter are included here).

I pressed O’ Boyle specifically to highlight Kanjorski’s responsibility to his constituents in Pennsylvania and the national electorate to address the points highlighted in that letter from the Project on Government Oversight (POGO).

O’ Boyle regrettably but not surprisingly failed to deliver and provided a canned review of the presentation, which I had projected would be a ‘dog and pony’ show. (more…)