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HomeThe EU’s Weakest Link Moves Closer to Breaking
Posted by Larry Doyle on January 4th, 2012 8:16 PM |
When I write of “the EU’s weakest link”, to which country do you think I refer?
Must be Greece, right? Maybe not.
Italy? Nope, not them either.
Portugal? Ireland? Spain? No, no, no!!
I first wrote of The Weakest Link in early 2009. I highlighted the fact that this “weakest link” moved to nationalize its pension system in late 2010 in this commentary.
Enough of the suspense. Which nation do I believe is the EU’s weakest link? (more…)
Did Mary Schapiro Engage in a Fraud?
Posted by Larry Doyle on January 3rd, 2012 10:22 AM |
Will we learn in 2012 if Mary Schapiro, current chair of the SEC, and other then senior executives at the Wall Street self-regulatory organization, FINRA, engaged in a fraud?
The case addressing this question, Standard Chartered v FINRA, has been appealed to the highest court in our land.
As such, one might think that most Americans would care to learn if our nation’s top financial regulator did, in fact, engage in a fraud which had a monetary value of between $175-$350 MILLION plus. That’s right, $175-350 million plus!! Not exactly chicken feed.
Why hasn’t this case received more attention? (more…)
The European ‘Slow-Motion Train Wreck’
Posted by Larry Doyle on January 2nd, 2012 9:28 AM |
The lessons which went unheeded from the economic calamities and accompanying market meltdowns of the 1980s and 1990s laid the foundation for the Ponzi-style financings underwritten within our sub-prime mortgage market and the European Union of this past decade.
How have political leaders at home and abroad addressed the enormity of our collective indebtedness? They merely continue to kick the can down the road so that our global economic landscape can only be compared to a ‘slow-motion train wreck’. (more…)
Sense on Cents 2011 Halls of Fame and Shame
Posted by Larry Doyle on January 1st, 2012 12:41 PM |
America wakes up this morning hopeful for a new year filled with peace and prosperity. Sense on Cents welcomes spreading our spirit of optimism.
Before we move forward, though, let’s take an accounting of 2011 and induct those most deserving into our Sense on Cents’ 2011 Halls of Fame and Shame.
Prior to our induction ceremony today, I am sure there are many in the crowd who may want to review our past award winners. On that note, I humbly submit:
Sense on Cents 2009 Halls of Fame and Shame
From the above Fame and Shame lists, I believe the top three in each Hall deserve special recognition. On that note, the medals go to the following: (more…)
