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HomeWhere 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.
The World of Wall Street CDOs or “Don’t Lie to Me”
Posted by Larry Doyle on May 13th, 2010 2:18 PM |
News that the SEC and federal prosecutors are further investigating Wall Street firms involved in the structuring and distribution of CDOs (collateralized debt obligations) is not a surprise. Although Goldman Sachs has been targeted initially for its marketing of an Abacus transaction in conjunction with Paulson and Co., the simple fact is Goldman was not anywhere close to the largest player in this space. Who was? Well, I should more appropriately ask, “Who wasn’t?” All of Wall Street jumped on the CDO gravy train. (more…)
No Quarter Radio’s Sense on Cents with Larry Doyle Welcomes Bill Venezia, Sunday Night at 8pm
Posted by Larry Doyle on November 21st, 2009 3:35 PM |
UPDATE: This episode of NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode in its entirety by clicking the play button on the audio player provided below. Once the audio begins, you can advance or rewind to any portion of the episode by clicking at any point along the play bar.
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There is no doubt we are navigating a challenging, if not treacherous, economic landscape. As with any challenging trip, prudence dictates we utilize all resources at our disposal. That said, there is no resource more valuable than that of experience. Whether involved in the markets or other business pursuits, the ability to gain the wisdom of those who have gone before us is priceless.
In this spirit, I am a huge proponent of the merits and benefits of mentoring. What greater gift can one give than the sage advice garnered from one’s experience. There is no greater gift for a businessperson than to point the way forward for future generations.
As we continue to navigate our current economic landscape and the peaks and valleys along the way, I am honored to have Bill Venezia join me this Sunday evening (8-9pm ET) on No Quarter Radio’s Sense on Cents with Larry Doyle.
Who is Bill Venezia? One of Wall Street’s giants, Bill was without a doubt the top bond salesman on the street. As good a salesman as Bill was, and he was the best, he is a better human being. Let’s learn more about Mr. Venezia:
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