Posts Tagged ‘Obama’
Posted by Larry Doyle on March 15th, 2013 5:17 AM |
Do you ever think that politicians speak out of both sides of their mouth? Well, we know they do.
What do you make of the fact that our wizards in Washington during the current administration have passed pieces of legislation that would appear to be diametrically opposed to actual actions taken?
Standard double-speak, double-act? Let’s give credit where it is due to the folks at the Project on Government Oversight for highlighting the “bipolar” nature of our “governments” in Washington via the following pictorial: (more…)
Tags: Angela Canterbury, Berry vs Conyer and Northover, bipolar government in America, FOIA, freedom of information, lack of access in Washington, lack of transparency in US government, national security, Obama, Obama Administration, Obama two governments, Obama's two governments, POGO Sunshine week, political double talk, project on Government Oversight, Sunshine Week, Two American governments, Whistleblower Protection Act, whistleblower protections
Posted in General, POGO, transparency | 1 Comment »
Posted by Larry Doyle on February 8th, 2012 6:45 AM |
Stephen Moore wrote a commentary entitled A Fairness Quiz for the President in the Wall Street Journal yesterday which generated hundreds of comments. The comments seemed to break down largely along party lines. I think most of those commenting might not grasp the full picture.
With our nation in the midst of an increasingly confrontational political debate, I think it useful to promote serious questions of fairness and rectitude. In doing so, I would like to reference a fair bit of Mr. Moore’s commentary while passing over some of his more overtly political statements. Additionally, I include my own ‘sense on cents’ and add some of my own questions at the end. (more…)
Tags: A Fairness Quiz for the President, ARS documentary, campaign contributions, carried interest, CBO, Charlie Rangel, corporate tax rates in America, diminishing marginal returns, estate tax, flat tax, generational warfare, life ain't fair, media bias, Obama, payoffs in Washington, political debate in America, questions of fairness and rectitude, racketeering in America, regulatory capture, right to work, Stephen Moore Wall Street Journal, those who pay no federal tax, Tim Geithner, Tom Daschle, US tax code, violations of moral hazard, workers unions
Posted in General | 14 Comments »
Posted by Larry Doyle on November 5th, 2010 9:49 AM |
Life is ultimately a matter of perspective.
Two people can look at a situation and see decidedly different things. Having been traveling for the better part of this week, I got home late last night to check on how markets closed yesterday. When I saw that equity markets rallied 2 per cent, commodities rose a like amount, and bonds also increased in value, I was not surprised but I was not thinking that I had reason to be cheerful either. I merely raised my eyebrows and went to bed knowing full well that to many people in our nation, these market movements would have little to no impact on their daily lives and immediate futures.
Am I being excessively pessimistic in my assessment? (more…)
Tags: Bernanke, bond market reaction to quantitative easing, central bankers comments about quantitative easing, economic impact of quantitative easing, effect of quantitative easing, emerging markets impact from quantitative easing, equity market reaction to quantitative easing, Geithner, impact of quantitative easing, markets reaction to quantitative easing, Martin Feldstein on quantitative easing, Obama, QE2, quantitative easing, real cost of quantitative easing
Posted in General | 7 Comments »
Posted by Larry Doyle on October 22nd, 2010 11:23 AM |
What the hell is truly going on within the entire mortgage foreclosure fiasco? There are seemingly more angles to this mess than there ever were choices of mortgage products themselves. Where can we turn to make some ‘sense’ of this madness? Let’s check in with the crowd on the cutting edge of this sinkhole, that is our friends at 12th Street Capital. Today they write,
Not surprisingly the ones that look to be best positioned during this mortgage foreclosure/put back fiasco are the lawyers. As reported by HousingWire.com late yesterday, “A spokesperson for the New York law firm Quinn, Emanuel Urquhart & Sullivan confirmed to HousingWire it has been hired by the Federal Housing Finance Agency, a move some say means the government-sponsored enterprises are going after bad mortgages it bought from originators.” Guess what, the GSEs have ALWAYS pursued repurchases. (more…)
Tags: 12th Street Capital, 12th Street Capital subsidiary of GFI, Federal Housing Finance Agency, FHFA, foreclosures, HAMP, Housingwire.com, Larry Doyle, Mortgage Crisis, mortgage foreclosure fiasco, mortgage mess, mortgage servicers, mortgage trustees, Mortgages, Obama, Pimco and Blackrock, Quinn Emanuel Urquhart and Sullivan, repurchase of mortgages, securitization process, Sense on Cents, Uniform Commercial Code, what is a REMIC
Posted in 12th Street Capital, General | 7 Comments »
Posted by Larry Doyle on June 22nd, 2010 1:28 PM |
FINRA can talk about transparency and integrity all it wants. We all know talk is cheap. FINRA’s board and executives need to show America how they truly define and embrace transparency and integrity. How so?
FINRA is scheduled to hold its first Annual Meeting in almost three years on August 2nd. In anticipation of that meeting, FINRA member firm Amerivet Securities has submitted seven proposals to be included in the FINRA proxy materials. The FINRA board and executives owe their member firms, and ultimately America, the opportunity to address and then receive complete answers on each of these proposals. (more…)
Tags: Amerivet Securities complaint vs FINRA, attorneys for Amerivet, Fed chair Bernanke, FINRA 2009 Year in Review, FINRA annual meeting, Finra Annual report, FINRA Board of Governors, Finra compensation, Finra conflict of interests, FINRA executives, FINRA investment policies, FINRA Kanjorski Dodd Schumer Issa Frank Obama, FINRA proxy materials, FINRA relationship with Bernie Madoff, FINRA say on pay, FINRA transparency and integrity, FINRA website, Harry Markopolos says FINRA in bed with the industry, House Financial Services Committee, Jonathan Cuneo Richard Greenfield, Lt. Col. Elton Johnson, merger forming FINRA, Obama, President Obama, Rick Ketchum, SEC Chair Schapiro, Treasury Secretary Geithner
Posted in FINRA, General | 10 Comments »
Posted by Larry Doyle on June 16th, 2010 9:43 AM |
The distance from the canyons of lower Manhattan to the now soiled beaches of the Gulf Coast runs about 1300 miles. A long way and decidedly different lifestyles, you may think? I do not think so. In very real terms, the economic disasters centered in each of these locales are virtually contiguous.
As I watched a replay of President Obama’s speech last evening (Red Sox and Celtics games took priority until both those games were effectively decided), I was struck by one segment of Obama’s speech and the stark similarity in the disasters centered on Wall Street and the Gulf. Which segment and which similarity? (more…)
Tags: Auction Rate Securities, BP vs Wall Street similarities, Ken Salazar Mary Schapiro Richard Ketchum, Michael Bromwich, Minerals Management Service, National Commission vs FCIC, Obama, Obama Oval office speech June 15 2010, Obama speech on Gulf oil disaster June 15 2010, phil angelides, POGO, President Obama speech June 15 2010, project on Government Oversight, Remarks by the President to the Nation on the BP Oil Spill, Self regulation of oil and finance, White House website
Posted in General, regulation | 6 Comments »
Posted by Larry Doyle on June 8th, 2010 12:15 PM |
Is Barack Obama listening to the political winds blowing across Europe? With European central bankers turning away from ongoing fiscal stimulus in an attempt to avert a sovereign currency crisis, political leaders in Europe are singing from the same sheet of music. If you don’t think so, let’s listen to the recently elected British Prime Minister David Cameron. What does Cameron have to say? The Financial Times sheds real insights into the future for the UK in writing, Cameron Warns on Impact of Cuts:
David Cameron, Britain’s prime minister, yesterday put the country on notice that his plan to cut the £156bn deficit would have “enormous implications”, warning that public sector pay, pensions and state benefits would all face cuts.
Mr Cameron’s new coalition government has prioritised deficit reduction and is preparing Britain for what is expected to be a bruising “emergency Budget” on June 22. The prime minister said the cuts would hit “every single person in our country”.
What does Barack think about that? (more…)
Tags: Barack Obama, Cameron Warns on Impact of Cuts, David Cameron, deficit reduction in the UK, elections June 8 2010, Financial Times, Obama, Obama Administration, Obama sitting duck, public pensions, public sector pay and benefits, state benefits, UK emergency budget June 22, UK Prime Minister David Cameron, wealth creation, wealth redistribution
Posted in Barack Obama, David Cameron | 1 Comment »
Posted by Larry Doyle on May 24th, 2010 10:25 AM |
Thanks to a loyal Sense on Cents reader for sharing amazing insights and perspectives from some of the best and brightest minds in the world of global finance today.
Like who? Harvard professor Kenneth Rogoff, unparalleled investor Jeremy Grantham, outspoken hedge fund manager Cliff Asness, SEC chair Mary Schapiro (ok, one exception), the extremely private but on Wall Street the extraordinarily highly regarded investor Baupost’s Seth Klarman, internationally renowned Eurasia’s Ian Bremmer, the distinguished Van Hoisington, and noted short seller Jim Chanos.
Their views were put forth at the recently completed CFA Institute annual conference in Boston. There is so much good material here that I beg readers to tag this post and refer to it often. Given the wealth of thoughtful opinion and analyses covering literally every angle of our global economic landscape, one would be hard pressed to digest and process this in one reading. Do yourself the favor, though, and revisit. The wisdom provided here is precious and not commonly found. (more…)
Tags: 2 and 20 model, CFA Institute conference, Chinese risks, Cliff Asness views from CFA Institute conference, costs of moral hazards, Dan Fuss views at CFA Institute conference, deflation given capacity utilization, ethical deterioration in finance, flash crash, global deleveraging, gold, Grantham Mayo, Ian Bremmer views at CFA Institute conference, inflation vs disinflation vs deflation, is Obama a socialist, jason Zweig interview with Seth Klarman, Jeremy Grantham views at CFA Institute conference, Jim Chanos views at CFA Institute conference, John Malvey views at CFA Institute conference, M1 vs M2, MAry Schapiro views from CFA Institute conference, money multiplier, more lawsuits on Wall Street, North Korea risk, Obama, outlook for China, Professor Kenneth Rogoff at CFA Institute conference, public debt vs private debt, rate of unemployment, risks in Iran, Sense on Cents, Seth Klarman of Baupost views at CFA Institute conference, shock and awe in Greece, threats between China and India, Twinkie Market, US vs Japan, Van Hoisington views at CFA Institute conference, velocity of money, when will Fed tighten, who is Seth Klarman
Posted in General | 6 Comments »
Posted by Larry Doyle on May 20th, 2010 6:41 AM |
Somebody in Washington might want to pull President Obama aside and inform him that he is the President of the “United States,” not the President of North America or the President of a future Mexican-American Federation. Putting pure party politics aside, when a leader of a nation openly and brazenly turns his back on that nation’s laws and its citizens, sovereign risk increases.
Sense on Cents is not a political site, but developments over the last few days warrant my remarks on how the Obama administration and Obama himself represent increased risk to the value of our dollar and our sovereign integrity. To what do I refer? (more…)
Tags: Arizona immigration law, Arzona immigration law and Chinese human rights abuses, Assistant Secretary of State Michael Posner, Barack Obama, Jose Calderon, Michael Posner, Obama, Obama administration view on illegal immigrants
Posted in General | 2 Comments »
Posted by Larry Doyle on March 17th, 2010 2:45 PM |
In light of the focus on this most important issue, I am reposting a commentary I had written in January very shortly after having spoken with a family member who just so happens to be a doctor in a small medical facility.
Additionally, hearing that the Democrats are thinking of using a process in which they ‘deem’ the legislation to have passed without actually voting on it would, in my opinion, take our country to a new low.
If Democrats ‘deem’ this reform to have passed, I have a hard time believing or understanding how that is not a direct assault on the Constitution of our country. The mere fact that it is even being considered is reviling.
LD (more…)
Tags: AMA, bending the cost curve, deem, Harry Reid, healthcare, healthcare is redistribution, healthcare reform, healthcare reform legislation, Nancy Pelosi, Obama, Obama-care, reasons not to support healthcare, reconciliation
Posted in General | 4 Comments »
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The Real Cost of Quantitative Easing
Posted by Larry Doyle on November 5th, 2010 9:49 AM |
Life is ultimately a matter of perspective.
Two people can look at a situation and see decidedly different things. Having been traveling for the better part of this week, I got home late last night to check on how markets closed yesterday. When I saw that equity markets rallied 2 per cent, commodities rose a like amount, and bonds also increased in value, I was not surprised but I was not thinking that I had reason to be cheerful either. I merely raised my eyebrows and went to bed knowing full well that to many people in our nation, these market movements would have little to no impact on their daily lives and immediate futures.
Am I being excessively pessimistic in my assessment? (more…)
Tags: Bernanke, bond market reaction to quantitative easing, central bankers comments about quantitative easing, economic impact of quantitative easing, effect of quantitative easing, emerging markets impact from quantitative easing, equity market reaction to quantitative easing, Geithner, impact of quantitative easing, markets reaction to quantitative easing, Martin Feldstein on quantitative easing, Obama, QE2, quantitative easing, real cost of quantitative easing
Posted in General | 7 Comments »