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Posts Tagged ‘whom can I trust’

Would You Buy a Used Car From Lloyd Blankfein?

Posted by Larry Doyle on January 8th, 2013 8:41 AM |

America awakes this morning with another 20 billion reasons not to trust those running our major financial institutions, our regulatory agencies, or those in Congress ultimately charged with overseeing them.

Wall Street’s merely paying of fines for activities (mortgage fraud) that by any measure would be defined as part and parcel of racketeering only serves to further erode what little trust the American public might still hold in these aforementioned entities.

Trust….what price does trust trade at? What value does it hold? Would you know it if you ‘saw’ it? (more…)

JP Morgan and Jamie Dimon: A Question of Trust

Posted by Larry Doyle on May 18th, 2012 7:33 AM |

Do you engage in business with people you don’t trust?

Sometimes you may have no choice, but in doing so you likely keep your guard up or exact a higher risk premium.

For those with a choice, keeping one’s distance from those you do not fully trust is typically the preferred path. For those without a choice, a lack of trust is often offset with a lot of hope and prayers. Hope always remains a lousy hedge against a lack of trust. We see this at play currently on both sides of the pond.¬† (more…)






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