The Sunshine Report

Category Archive: Brokerage

1. Evolution And The Extinction of Lehman Brothers – A Guest Blog Article By Glen Stein

   0 Post on September 21, 2008

   The world changed. Lehman went extinct. What hap­pened? There are only 4 ways to increase prof­its: Increase mar­gins, Increase sales vol­ume, Increase lever­age, and Con­trol expenses. Lehman became extinct because it evolved in the wrong direc­tion when its envi­ron­ment changed. How Lehman approached these 4 choices explain its prob­lems. 1.     Mar­gins Lehman’s evo­lu­tion­ary prob­lem was a […] [read full story]

   Posted in: Brokerage, Credit Crisis, Glen Stein, Guest Blog, Lehman

2. CRIMINAL LAW 101 – WHITE COLLAR CRIME AND THE CREDIT CRISIS" rel="bookmark">CRIMINAL LAW 101 – WHITE COLLAR CRIME AND THE CREDIT CRISIS

   1 Post on August 3, 2008

   In my first year of law school I learned why enforce­ment of crim­i­nal and civil law is essen­tial for the United State’s social and eco­nomic func­tion­ing. Appar­ently, the elite lawyers of the Bush Admin­is­tra­tion didn’t learn the same les­son since they have a non-existent enforce­ment pol­icy which has made the US finan­cial mar­kets a Petri […] [read full story]

   Posted in: BANKS, Bernanke, Brokerage, Bush Administration, Credit Crisis, Criminal Law, Federal Reserve, Finance, McCain, Obama, REGULATION, SEC

3. “SUNSHINE’S FIXES” – FIVE REGULATORY FIXES THAT CAN BE ENACTED IMMEDIATELY" rel="bookmark">“SUNSHINE’S FIXES” – FIVE REGULATORY FIXES THAT CAN BE ENACTED IMMEDIATELY

   49 Post on July 16, 2008

   Yes­ter­day on FOX Busi­ness Net­work I was inter­viewed by Con­nell McShane and dis­cussed the Fed­eral Reserve’s “reg­u­la­tory fixes” for the sub-prime mort­gage mar­ket. Dur­ing the inter­view, I sug­gested that the new Fed­eral Reserve reg­u­la­tions are a joke and make us a global laugh­ing stock. I stated that the “US doesn’t have a short­age of laws” […] [read full story]

   Posted in: Accounting, BANKS, Brokerage, Credit Crisis, Federal Reserve, FOX BUSINESS NETWORK, Regulatory Reform

4. BROKERAGE FIRMS – THE BUSINESS MODEL DIED DECADES AGO WITH THE ROTARY TELEPHONE" rel="bookmark">BROKERAGE FIRMS – THE BUSINESS MODEL DIED DECADES AGO WITH THE ROTARY TELEPHONE

   2 Post on July 6, 2008

   Here’s a news flash for exec­u­tives at bro­ker­age firms; changes in tech­nol­ogy reduce mar­gins and make busi­ness mod­els obso­lete and the bro­ker­age indus­try doesn’t have spe­cial immu­nity from tech­nol­ogy change. Barron’s front page arti­cle on June 30 (sub­scrip­tion required) sug­gest­ing that “Wall Street does have a future – one that looks sur­pris­ingly bright…” doesn’t under­stand […] [read full story]

   Posted in: Barron's, Brokerage, Leverage

5. THE ECONOMY WHERE IS IT GOING? — A FOX BUSINESS NETWORK INTERVIEW" rel="bookmark">THE ECONOMY WHERE IS IT GOING? — A FOX BUSINESS NETWORK INTERVIEW

   0 Post on July 2, 2008

   On Fri­day, June 27, 2008 I was priv­i­leged to be a FOX Busi­ness Net­work guest. It is always a won­der­ful and fun expe­ri­ence to appear on FOX and Fri­day wasn’t an excep­tion. I was inter­viewed by Jenna Lee and Robert Gray who are bright and inter­est­ing peo­ple on air as well as in the stu­dio when […] [read full story]

   Posted in: BANKS, Brokerage, Federal Reserve, monetary policy

6. ARE WE THERE YET? NO WAY, WE HAVE A LONG WAY TO GO IN THIS CREDIT CRISIS!" rel="bookmark">ARE WE THERE YET? NO WAY, WE HAVE A LONG WAY TO GO IN THIS CREDIT CRISIS!

   1 Post on June 23, 2008

   Every­one keeps ask­ing “are we there yet”? Has the credit cri­sis has turned? Can we see the bot­tom? Rather than look­ing at evi­dence of con­tin­ued car­nage in the cap­i­tal mar­kets and intu­itively know­ing that the bot­tom hasn’t been reached, many peo­ple hope that things aren’t as bad as they seem and a gen­er­a­tion of sav­ings […] [read full story]

   Posted in: BANKS, Brokerage, Federal Reserve, monetary policy

7. Guess which one is Bear Stearns?

   1 Post on June 5, 2008

   Posted in: BANKS, BEAR STEARNS, Brokerage, monetary policy

8. MINIMUM STANDARDS FOR CEOs OF GLOBAL BANKS – WHAT SHOULD THEY KNOW ABOUT LEVERAGE?" rel="bookmark">MINIMUM STANDARDS FOR CEOs OF GLOBAL BANKS – WHAT SHOULD THEY KNOW ABOUT LEVERAGE?

   9 Post on May 19, 2008

   I have been an out­spo­ken critic of too much lever­age in the finan­cial sys­tem for the past sev­eral years. On CNBC and Fox Busi­ness Net­work I have spo­ken out against the dan­gers of bank and bro­ker­age over lever­age and sug­gested that such over lever­age could cause a repeat of the Great Depres­sion. Like a giant […] [read full story]

   Posted in: BANKS, Brokerage, Leverage, monetary policy