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Archive for the ‘POGO’ Category

Uncle Sam Wants Names of VA Whistleblowers; POGO Protects Identities

Posted by Larry Doyle on June 16th, 2014 9:05 AM |

You do not need to read my blog to know the Veterans Administration has some serious issues that have impacted the health and well being of countless veterans. These issues are not new developments.

Very simply, the failures within the VA are due to a government that is badly mismanaged and often engaged in practices that are fraudulent, if not totally corrupt.

The VA has not only failed countless numbers of veterans but, in adding insult to injury, it has punished those internally who have tried to do the right thing. How so?

Whistleblowers who have brought attention to the fraud and corruption within the VA have not been embraced but rather ignored, intimidated, and often fired. As we well know, mismanagement, fraud, and corruption much prefer the cover of darkness than the light of transparency. (more…)

Where Does The Buck Stop?

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…)

Obama’s Two American Governments

Posted by Larry Doyle on March 15th, 2013 5:17 AM |

Do you ever think that politicians speak out of both sides of their mouth? Well, we know they do.

What do you make of the fact that our wizards in Washington during the current administration have passed pieces of legislation that would appear to be diametrically opposed to actual actions taken?

Standard double-speak, double-act? Let’s give credit where it is due to the folks at the Project on Government Oversight for highlighting the “bipolar” nature of our “governments” in Washington via the following pictorial:  (more…)

POGO Opens Wall Street-Washington Revolving Door

Posted by Larry Doyle on February 12th, 2013 7:04 AM |

A few years back in the course of an interview with Fox Business host David Asman, I was asked what I thought of the exceptionally close relationships between the regulators and the industry. I responded, “David, I think the term there is ‘incestuous’.”

Fast forward three plus years and we receive a scathing review of just how widely developed and deeply embedded the incest runs. Let’s navigate as the folks at the Project on Government Oversight take us round and round through this revolving door in releasing,

SEC’s Revolving Door Blurs Line Between Regulator and Industry
A Project On Government Oversight (POGO) study of thousands of government records found that former staff of the Securities and Exchange Commission (SEC) routinely:  (more…)

Wall Street’s ‘Code of Silence’

Posted by Larry Doyle on April 7th, 2010 9:03 AM |

Shut up!!!

Imagine being in a situation in which you knew you had to be quiet in order to advance your own personal career, rather than speaking up and blowing the whistle on irregularities and improprieties within your firm. This message is consistently relayed by many a whistleblower who has suffered from having tried to do the right thing. What is the result? Firms tout their virtuous values of integrity, respect, and excellence while effectively muzzling those who would blow the whistle on crimes and illegal practices.

I believe this reality is all too present in many, if not most, industries in our society today. There is absolutely no doubt it is present on Wall Street. (more…)

Is FINRA’s Future in Doubt?

Posted by Larry Doyle on February 23rd, 2010 2:04 PM |

Are the days of Wall Street’s self-regulatory organization known as FINRA numbered?

In the opinion of the very credible Project on Government Oversight, they should be. Why? Significant failures, massive conflicts of interest, and more. POGO’s comprehensive and scathing letter to four separate House and Senate committees touches upon every failing within FINRA, with the exception of the integrity of the proxy statement used in the formation of the organization itself. Strong allegations in a current lawsuit against FINRA make the case that Mary Schapiro lied verbally during roadshows and in the proxy statement. (For details on this lawsuit read here.)

Despite not addressing the issues embedded in that lawsuit, POGO touches all the other bases and covers all the other issues surrounding this organization. (more…)

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