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Posts Tagged ‘why aren’t banks lending’

Sheila Bair’s American Review and Recommendations

Posted by Larry Doyle on June 28th, 2011 7:17 AM |

Few people in our nation today have the perspective, the credibility, and the courage to expose the deep, systemic shortcomings within our national psyche and practices.

Sheila Bair possesses all of these traits.

Our soon to depart chair of the FDIC provided a ‘sense on cents’ classic last Friday in her farewell remarks at the National Press Club.

As  I read and reread her remarks I kept saying to myself, “give me more!!”  (more…)

Robert Auerbach Unloads on the Federal Reserve

Posted by Larry Doyle on April 26th, 2011 5:00 PM |

Tomorrow may be a truly special day in the history of our country’s financial hierarchy. The normally secretive institution known as the Federal Reserve led by current chair Ben Bernanke will host a live press conference shortly after the Fed Board of Governors exits from its regularly scheduled meeting addressing our nation’s economy and the Fed’s current monetary policy.

Will Bernanke surprise the markets and announce a continuation of the Fed’s asset bubbling, commodity inflating policy known formally as quantitative easing? Did somebody in the markets today know something about the Fed’s stance? Did anybody else find it particularly interesting that both stocks and bonds rallied big today?

While market participants anxiously await Bernanke’s words of wisdom, I actually think the better “Fed-show” may have been delivered today by Robert Auerbach. Who is Robert Auerbach? (more…)

“Where’s The Money??….!!”

Posted by Larry Doyle on December 29th, 2008 6:38 PM |

I thought about providing an outlook for 2009. I considered offering further opinions on Obama’s economic plans. Perhaps a review of the Bush economic program would be well received. Then yesterday, the lead editorial in my local newspaper asked “Where did the bailout money go?” I had my answer. In previous pieces I have touched upon why I thought there was a very good chance why this money would not flow through the system. I hesitate to continue to refer back to my piece published on November 12th (The Wall St. Model is Broken…and Won’t Soon be Fixed), but for new readers I do firmly believe it is as good as anything I have read or seen in any publication in explaining how we find ourselves in our current position.

Please allow me to digress for a second. I will admit that I am not a movie buff, but I do enjoy films that focus on the success of underdogs, have a measure of financial intrigue, or perhaps a combination of the two. Not surprisingly, a few of my favorite movies are, Rocky, Jerry Maguire, and The Sting.


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