“Real Cause Is Regulatory Capture/Corruption”

Posted on June 30, 2014 by Deadly Clear

Posted by Larry Doyle of Sense on Cents

Letter to Editorial Board of The New York Times: “Real Cause Is Regulatory Capture/Corruption”

EXCERPT: “Lying, fraud, self-dealing, blatant misrepresentations and more as laid out in this lawsuit against Barclays are symptoms of a Wall Street that remains out of control. What is the cause that needs to be addressed, exposed, and rectified? A financial regulatory system that covers the spectrum of being ill-equipped, incompetent, captured, and corrupted.” Continue reading →

Charles Lewis: 935 Lies: The Future of Truth and the Decline of America’s Moral Integrity

Posted on June 23, 2014 by Deadly Clear

Posted by Larry Doyle on June 23, 2014

Sense on Cents: One of the best lines I ever read in The Wall Street Journal was attributed to then CEO of First Boston Allen Wheat. When asked about a senior executive who had recently departed the firm, Wheat rhetorically inquired and responded, “How do you know when he is lying?” “His lips move.”

Regrettably, couldn’t we say the same about so many of our so called political and business leaders? I think there is little doubt.

Life in and around Washington, Wall Street, and elsewhere in America now seems much more to revolve around rationalization than integrity. With the media often complicit in allowing the lying to go fully unchecked, our society suffers. Against this backdrop, I am very excited to pick up a copy of a book scheduled to be released tomorrow entitled 935 Lies: The Future of Truth and the Decline of America’s Moral Integrity written by a new Sense on Cents favorite but longstanding journalistic giant Charles Lewis. Continue reading →

Sense on Cents: Message for Tim Geithner On the Release of Stress Test

Posted on May 13, 2014 by Deadly Clear

By Larry Doyle

Dear Tim,

Congratulations on the release of your book. I assure you that I will read it and review it here at my blog.

Given your positions formerly as head of the New York Federal Reserve and Secretary of Treasury, you will certainly receive enormous media attention and exposure in touting your book and your take on dealing with the crisis of 2008. To wit, I see just this morning that The Wall Street Journal is running your editorial entitled The Paradox of Financial Crises.

Tim, let’s cut the bull$hit. Continue reading →

Sense on Cents Discovers More Documents Denoting TBTF Damage Awareness During Clinton Era

Posted on April 22, 2014 by Deadly Clear

No President wants the economy to crash on his watch. This is like playing musical chairs or passing the Hot Potato(e) – when the music finally stops who will be taking us down?

Clinton Presidential Documents c.1998: “Who’s on First?”
By Larry Doyle

Every now and then I come across a document or statement that simply stops me in my tracks. In the process of pondering the weight and importance of the embedded message, I am typically left totally aghast.

Today I had one of those experiences as I continued to review the treasure trove of material in the recently released documents from the Clinton Presidential Library. From a document covering the work of the Council of Economic Advisers, I almost spilled my coffee when I read the following: Continue reading →

Only 3 days to destroy the world’s economy. Clinton Presidential Documents on Glass-Steagall Repeal Reveal: No Good Reason For Doing This

Posted on April 21, 2014 by Deadly Clear

By Larry Doyle – Sense on Cents

I do not think there is any single piece of legislation in the last 50 years that has had such a profoundly detrimental impact on the American public than the repeal of the Glass-Steagall Act separating commercial and investment banking.

That repeal is certainly not the sole factor that led to the economic crisis of 2008 and the ongoing pain we experience today, but it was certainly critical to the eventual meltdown. There is no great revelation in that assessment. Continue reading →

Sense on Cents Book Review: All The Presidents’ Bankers by Nomi Prins

Posted on April 14, 2014 by Deadly Clear

By Larry Doyle – Book Review: All The Presidents’ Bankers by Nomi Prins

While all too much of our analysis of market developments comes to us in the form of sound bites and snippets, leave it to the great writers of our time to provide real depth and study of the business and political relationships that ultimately impact all of us.

I recently completed reading just such a study, All The Presidents’ Bankers by Nomi Prins. The author is not only a Wall Street insider but also highly regarded for her prior books and well documented written and spoken commentaries.

I very much had the sensation of sitting in on a semester long tutorial in Financial and Political History while working my way through this book. Continue reading →

Hank Paulson Trusts Neither Wall Street Nor Washington

Posted on February 6, 2014 by Deadly Clear

By Larry Doyle on February 6, 2014

Do you ever wonder if those who ‘find religion’ late in life so to speak are trying to conveniently cleanse their souls before making their way to the pearly gates?

I think in the case of public officials, it is fair to ask if the ‘cleansing process’ is done for purposes of resurrecting an image or if the individual is truly engaging in a meaningful transformation. Continue reading →

CREDIT SLIPS – Crisis Books… a phenomenal resource

Posted on September 11, 2013 by Deadly Clear

Crisis books posted by Alan White

I recently stumbled on this excellent compendium of more than 300 books on the financial crisis. It also includes a list of 25 or so books that predicted the crisis, as well as a useful link to an annotated list of individuals who can be given credit for predicting various aspects of the crisis. [This is terrific reference material. Be sure to bookmark. DC Ed.] Continue reading →

Federal Reserve: A 100 Year Old Failure

Posted on August 14, 2013 by Deadly Clear

Posted by Larry Doyle on August 14, 2013

The Federal Reserve was founded in 1913 and here we sit 100 years later wondering who will be the next chair of this all powerful institution.

While there is serious politicking going on for both Larry Summers and Janet Yellen, will it really matter whether it is one or the other running this institution?

Perhaps at the margin and for optics the choice of Summers vs Yellen might matter, but in the grand scheme of things neither of these individuals is going to redirect the Federal Reserve from its failed policies. You don’t think so? Continue reading →

Sense on Cents – Business Talk with Jim Campbell

Posted on August 10, 2013 by Deadly Clear

Posted by Larry Doyle – Sense on Cents

What are you doing this weekend? I hope the weekend allows you to spend quality time with family and friends. While I figure out some plans for today, tomorrow I will definitely set aside an hour to listen to the following:

Nationally Syndicated Business Talk with Jim Campbell.

Sunday August 11th @ 10-11am & 10-11pm EST

Powerhouse Lineup on Insider Trading
Gretchen Morgenson – Assistant Business & Finance Editor, New York Times
Charles Gasparino – Senior Correspondent, Fox Business Network
William D. Cohan – Author, Fall of Bear Stearns and Goldman Sachs
Anita Raghavan – Author, “The Fall of the Galleon Hedge Fund”

Topic: Steven A. Cohen and the Criminal Indictment of SAC Capital Continue reading →

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