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HomeSheila Bair’s Final ‘Sense on Cents’
Posted by Larry Doyle on June 9th, 2011 1:37 PM |
In one corner, we have Jamie Dimon who on behalf of his shareholders would seemingly like to maintain as much of the status quo for the powers that remain in the Wall Street oligopoly.
In another corner, we have Barack Obama grasping at straws that might breathe some lifeblood into the economy and support his prospects for reelection.
Who occupies the center of the ring and is neither compromised by the large money interests on Wall Street nor the pursuit of perpetuating a political career in Washington?
Sheila Bair.
The soon-to-retire head of the FDIC–she steps down in early July–provided perhaps her final dose of ‘sense on cents’ this morning. What did she have to say? (more…)
Walter Williams: “Politicians Exploit Economic Illiteracy”
Posted by Larry Doyle on January 22nd, 2011 8:14 AM |
Walter Williams
Prior to reading the Weekend Interview in this morning’s Wall Street Journal, I had never heard of Walter Williams. After reading this interview, I will be looking for more of Williams’ work. What really struck me this morning about the George Mason University economist? He badly wants the truth and he embodies the best of ‘sense on cents’ in pursuing it. How so? Do you have any doubts that Williams nails the truth after reading:
Over the decades, Mr. Williams’s writings have sought to highlight “the moral superiority of individual liberty and free markets,” as he puts it. “I try to write so that economics is understandable to the ordinary person without an economics background.” His motivation? “I think it’s important for people to understand the ideas of scarcity and decision-making in everyday life so that they won’t be ripped off by politicians,” he says. “Politicians exploit economic illiteracy.”
Amen!! (more…)
Sowing the Seeds of Tyranny
Posted by Larry Doyle on January 6th, 2011 6:30 AM |
Without truth, can we ever determine right from wrong and good from bad?
Without transparency, can we ever get to the truth?
Without integrity, can those with ill gotten gains ever be prosecuted?
Without an undying and unbridled passion for truth, transparency, and integrity how can our nation thrive? I am deadly serious. We are nowhere close to thriving currently. (more…)
Persistence Pays Off in Colorado Complaint Against E*Trade
Posted by Larry Doyle on July 24th, 2010 3:50 PM |
“The only thing necessary for the triumph of evil is for good men to do nothing.”
This quote is commonly attributed to Edmund Burke, an Irish statesman, author, orator, and political philosopher who lived in the 1700s. The depth of Burke’s words continue to resonate today. In fact, I thought of his words of wisdom when reflecting on the latest episode in the ongoing saga surrounding the auction-rate securities travesty.
No doubt there remain many miles to go and mountains to climb before real justice and full compensation are afforded all those who were defrauded in the distribution of auction-rate securities. That said, this week brought a small victory for all ARS holders — and one individual specifically — as word broke that the state of Colorado has filed a complaint against E*Trade for improperly distributing auction-rate securities. (more…)
Bill Gates Attacks Fraudulent Accounting for Public School Pensions
Posted by Larry Doyle on July 13th, 2010 9:55 AM |
Bill Gates
Isn’t education supposed to be about the kids? Then how has our nation allowed political operatives in states, cities, and towns throughout our land to develop and manipulate accounting standards to benefit public employees within our school systems at the expense of our future generations?
Go ahead and rail on me as just another fiscal conservative who does not fully appreciate the dynamics of public education, especially in urban settings. I will respond with a strident, CHALLENGE!! Why? (more…)
Joe Saluzzi Exposes ‘Theft on Wall Street’
Posted by Larry Doyle on May 14th, 2010 9:17 AM |
Themis Trading’s Joe Saluzzi was designated a Sense on Cents Hall of Fame medalist this past January. Mr. Saluzzi has once again distinguished himself by providing a significant degree of transparency into the technical structures of our seriously flawed equity exchanges.
A recently released white paper, Exchanges and Data Feeds: Data Theft on Wall Street,written by Joe and his colleague Sal Arnuk at Themis Trading is getting a LOT of attention on Wall Street and in Washington. I welcome highlighting and bringing this 3-page paper to Main Street. If you have any interest in the markets and our economy, this paper is a MUST read. Allow me to whet your appetite: (more…)
