Posted by Larry Doyle on July 8th, 2014 9:00 AM |
Let’s see here.
The public at large rails on those in Washington for going easy on our ‘too big to fail’ banks for a host of clearly criminal practices.
Uncle Sam — that is the SEC, other regulators, and ultimately the Department of Justice — try to talk tough and hit an array of institutions with sizable fines but little really changes.
The public continues to see through the facade and lets Uncle Sam know it.
The ‘old man’ decides he needs to really get tough and begins to mandate that institutions admit guilt as part of the settlement process. The first guilty party is Credit Suisse, then next up is BNP Paribas.
Now we awake this morning to see that Germany’s second largest lender, Commerzbank, is likely next in the crosshairs. Do you detect a pattern here? Bloomberg provides further color in reporting: (more…)
Posted by Larry Doyle on November 18th, 2013 7:10 AM |
WALLACE: I’m not saying it’s a scandal. I’m just, what it seems to be is rank incompetence.
WOODWARD: Yeah, there’s no question about that . . .
That rank incompetence is being felt each and everyday by millions across our nation as people learn they are not only losing their healthcare plans, but their doctors as well.
Can you imagine your elderly grandmother losing access to her doctor with whom she has had a longstanding relationship? It is happening folks. Which party is throwing Grandma over the cliff? Evidence of just such a development is detailed in a weekend article from the WSJ: (more…)
Posted by Larry Doyle on November 15th, 2013 9:53 AM |
“Oh what a tangled web we weave, when first we practice to deceive.”
Sir Walter Scott, in Canto VI Stanza 17 of “Marmion” (1808)
I do not think I can count the number of times that I have actually written the specific words, “truth, transparency, and integrity” at my blog over the last 5 years. When I write those words and the importance of putting them into practice, I actually mean them.
Regrettably, far too much that emanates from Washington on both sides of the aisle bears little resemblance with those virtues. Collectively we suffer tremendously as a result.
Before commenting on our President’s attempted Hail Mary, administration-saving pass delivered yesterday, I would like to pose a question to those who might read this post. Have you ever worked with or for an individual for whom telling the truth is secondary to advancing his/her own personal agenda? I have. (more…)
Posted by Larry Doyle on August 20th, 2013 10:10 AM |
Three full years after the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, less than 40 percent of the watered-down rules within the reform have actually been written.
And those that have fall mostly under the heading of low-hanging fruit.
President Obama played the populist card again yesterday, calling on Congress and the independent regulators to complete their work on this reform.
Does President Obama think the American public actually believes Wall Street has been or will be reformed via Dodd-Frank? Really? Is he serious?
Posted by Larry Doyle on June 11th, 2013 1:12 PM |
Your healthcare premiums were going to go down under Obamacare, right? Not so fast.
The benefits will far outweigh the costs, correct? Well, let’s navigate to America’s heartland and pose that question to the citizens of Ohio who will be picking up the tab. Might some — perhaps many — individuals who delivered the state for the President care to reconsider?
Recent news emanating from the Buckeye state would seem to indicate that when it comes to healthcare, the only thing that will be declining are the savings accounts of a lot of individuals. (more…)
Posted by Larry Doyle on May 17th, 2013 11:20 AM |
Is there any doubt that the IRS engaged in an abuse of power in the manner in which it handled the applications of selected groups for tax-exempt status?
In Congressional testimony this morning, the outgoing acting commissioner Steven Miller has done his best to parry — some would say stonewall — Republican committee members. The simple fact is America learned what it needed to from this hearing in the opening testimony provided by the Inspector General J. Russell George.
Let’s watch, listen, and learn: (more…)
Posted by Larry Doyle on May 15th, 2013 9:09 AM |
So much for hope and change.
The stench of the cesspool of scandalous activities in Washington is now bubbling over into the backyards of those who have previously stridently defended this administration.
The flood of filth associated with the three current bombshell stories leaves me with a number of feelings and questions that I would like to share with readers. I would welcome hearing what readers make of all these sordid situations. My thoughts include: (more…)
Posted by Larry Doyle on May 14th, 2013 8:39 AM |
A month ago Senator Max Baucus, a Democrat from Montana, projected that he envisioned the implementation of the President’s new health care program, aka Obamacare, as being “a train wreck.”
Well, in reviewing a report released yesterday by the US House of Representatives Committee on Energy and Commerce, we gain a greater appreciation for just how expensive this train wreck might be.
I hope readers are not already feeling ill at ease this morning because after reading this report I can assure you that you will get sick. Let’s navigate and look more deeply at The Looming Premium Rate Shock: >>>>>>> (more…)
Posted by Larry Doyle on May 13th, 2013 8:57 AM |
In light of the ongoing developments with the stories centering on Benghazi and the abuse of power within the IRS, I feel compelled to offer a brief comment.
Politics is certainly a dirty business.
National security in a world filled with new risks has likely never been more challenging. That said, there comes a point in time where politics need to be set aside and the people’s business needs to be prioritized.
In the course of a brief conversation with a reporter who covers the scene in Washington, he shared with me that a since departed senior White House official shared with him that he was frustrated in his capacity. Why so? (more…)
Posted by Larry Doyle on March 22nd, 2013 8:04 AM |
I guess we might soon expect Ben Bernanke and his pals at the Federal Reserve to discount the cost of health care from the core rate of inflation. I mean the cost of health care is not truly indicative of what it costs to run a family now, is it?
For those not aware, food and energy costs are not incorporated in determining the core rate of inflation. If the Fed discounted the costs of all goods and services, we might just be able to generate a report that reflects stable prices.
Pardon my sarcastic cynicism, but it is hard to restrain myself upon reading a lead story in this morning’s Wall Street Journal that should be entitled, Health Care Premiums: Bend Over ‘n Brace Yourself. Let’s navigate as the WSJ writes . . . (more…)