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Posts Tagged ‘Gary Gensler CFTC’

Dodd-Frank Derivative Reform: Dead on Arrival

Posted by Larry Doyle on September 5th, 2013 8:59 AM |

While many in Washington and elsewhere will look to collect political points for bringing reform to Wall Street, those watching closely knew all too well that the blueprints for this reform were always subject to massive change.

So has Dodd-Frank brought real reform to Wall Street? If you believe so, I would invite you to become a charter member of The Gullible Club.

Let’s dispense with the formalities. Wall Street ultimately answers to nobody but itself. As such, we can unload another truckload of dirt over the casket holding Dodd-Frank.

While many observers of the financial and political scenes are not inclined to draw attention to this service, fortunately those at Bloomberg view this funereal undertaking more seriously. I thank them as they recently pulled back the cloak on Dodd-Frank to reveal a Wall Street dagger protruding from its midst. (more…)

Where Is the Shame and Outrage?

Posted by Larry Doyle on June 27th, 2011 8:54 AM |

SHAME AND OUTRAGE

Have we as a nation become so numbed by the level of transgressions and incompetence within our financial and political circles that we allow situations deserving of real shame and outrage to pass by with little exposure and highlight?

Perhaps when there are so many situations over a protracted period, the shame and outrage which needs to be directed at so many within our financial and political circles is overwhelmed by so much bulls&%t and pandering.

Sense on Cents has little appetite for the latter and an insatiable appetite for the former in an attempt to promote our virtues of truth, transparency and integrity.

On this note, in the midst of my weekend reading, I came across a few gems which stopped my reading and had me thinking, “you have got to be kidding me!! How the hell does this pass by without greater attention and outrage.”  (more…)






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